Like your thinking Stapleman. To put the aeral spread of One of Neons shale at Paloma, the Lower Antelope, is thought to encompass all our permitted area. PD-1 and PD-2 were 300metres apart. The total lateral length of our holding is about 8km and width is about an average of 1.25km. We have barely scrapped the surface so far.
Run around that a few times and you'll have Damo's marathon...great metaphor by the way.
If LS is as now thought, shale, then its likely this level will also have a similar coverage over the permit. That has big implications.
As for a partner there are a few operating near us but the notable two are Oxy and Aera(Mobil/Shell JV). The key would be not just to get someone with experience in shale but deep shale. That makes the candidates above ideal but they are not alone in deep shale exoperience.
Timing is anyones guess.
NEN Price at posting:
25.0¢ Sentiment: LT Buy Disclosure: Held
