Yes I know they LOOK good Frosty. The $64 million question is whether the actual flow rate in about 10 days time comes close to that figure.
If it did come in at that rate then gee ..... NEO's sp would have to take a hike upwards. I mean in a about 6 to 8 months time if they all the wells in place that they work out to produce from Bullseye (say 5 wells) and they were all capable of producing at a rate of 2,000 bopd then that would be a total of 10,000 bopd.
NEO's share of that would be 500 bopd. Multiply that by say a nettfigure of US$60 and we are looking at US$30,000 per day which would produce a "nett" income of US$11 million approx.
OKAY WE MUST NOT GO JUMPING THE GUN.IT HAS TO HAPPEN FIRST. Let's just stay with feet on the ground on this one. It just isn't going to happen. Not to poor old NEO. Nope never in a ..........but it might! Going to bed to dream of oil wells and gushers and such lovely things.
NEO Price at posting:
2.5¢ Sentiment: Hold Disclosure: Held
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