NEN 0.00% 22.0¢ neon capital ltd

paloma update, page-12

  1. 2,408 Posts.
    lightbulb Created with Sketch. 177
    Gottsy given the cautious approach to solving the PD-1 issues mentioned by Stapleman I am expecting the flow rates to be lower than they were for PD-1. This is a good thing for the recovery factor of the reservoir.

    Perhaps more interesting is what the flow rates may translate to in a horizontal format well. The GOC presentation suggests 370bopd initial rates. With a proposed 15 horizontal wells, thats as much as 5600bopd. Nice if it happens like that.

 
watchlist Created with Sketch. Add NEN (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.