As are the Fruitvale and Lower Stevens. Both potential producers like the Antelope.
The 800bopd will be an initial flow rate. Previously it was ranged 500-800bopd. It seems they are more bullish for this zone now they have so much more data and no doubt additional expert opinion. The independent reservoir expert is working on their assessment at the moment so they may have made some preliminary thoughts known to Neon regarding flows.
Much depends on the length of well connection to the reservoir so more flow is possible if the overall connectivity extends over a extensive geological horizon. In this case it appears to be the case.
Theres certainly alot to excite an oil company with this particular shale and we still have one large shale zone to test (Upper Antelope) as well as two lesser zones.
NEN Price at posting:
23.0¢ Sentiment: LT Buy Disclosure: Held
