neoo - going going gone!!!!, page-37

re: jh 1-12 It's an OPL ann only - BUT does list neo as having their 37.5% interest.
Either they have changed the numbering system - or are doing further exploration drills while they have the rig.

EXTRACT from todays:
Jack Hamar 1-12 is a follow-up well to the Jack Hamar 1-13 and the Jack Hamar 2-13 drilled
earlier this month. Both of these earlier wells encountered significant gas shows, as previously
announced.
Participants in Jack Hamar 1-12 are:
Orchard Petroleum, Inc. 37.5%
Nuenco NL 37.5%
Nahabedian Exploration Group (Operator) 25.0%

Extract from NEO's ann of 24 jan below:
24 January 2005
DRILLING PROGRAM – JACK HAMAR

Under these AFE’s, February will see the commencement of testing of Jack Hamar 1-1 along with the drilling of up to four wells back to back in a program which will proceed through March 05. This will entail:
A. Feb 2005 – Commence perforation and testing of Jack Hamar 1-1 before moving on to frac the various Monterey zones in a program that could take several months.
B. Feb 2005 – Commence the drilling program in block 13 to the south of and adjoining block 1 where Jack Hamar 1-1 was drilled, and drill another well in block 1 – i.e. 2-1. Site works have commenced and a rig has been secured to drill:
• Jack Hamar 1-13 (#2).
• Jack Hamar 2-13 (#3).
• Jack Hamar 3-13 (#4).
• Jack Hamar 2-1 (#5).
The drilling program of course will be dependent on results from well to well but if all goes to plan these wells will be drilled back to back then perforated and completed straight after drilling.
Managing Director Anthony Kain commented:
“We have stated to shareholders in previous announcements that our approach to Jack Hamar 1-13 (#2) has changed. While this has caused delays and frustration we believe the wait has been worth it with (“NEG”) presenting last week not one (i.e. Jack Hamar 1-13) but three wells in our second farmin block along with another well immediately in block 1. Nuenco’s technical advisers are now reviewing this data for final sign off after being delayed by several weeks because of severe flooding and severe mud slides in California which have made access to NEG’s data difficult and travel to NEG’s data room in Ohai impossible.
We look forward to the next stage of the development of the Jack Hamar prospect and note that existing cash and the cash proceeds from the sale of the Utopia oil field will provide the extra funding required to drill the 4 wells proposed by the operator along with the testing proposed for 1-1.”