NEN 0.00% 22.0¢ neon capital ltd

ann out, page-84

  1. 1,298 Posts.
    The sp has fallen to pre Cua Lo Gas discovery price on the recent announcement yet we are actually waiting for the follow up announcement from an older announcement in relation to Cua Lo :-

    "The Joint Venture has unanimously agreed to production test the well, and the parameters of a testing program will be finalised after analysis of the new wireline log data. The program will be designed to confirm that gas can flow to surface at commercial rates, and provide critical data regarding reservoir deliverability and gas composition; information that is key to determining commerciality. The test program is expected to commence within one week and to take a further week to complete"

    Cheers
 
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