The half year report has some useful updates. Neon is committing to another Paloma Deep well to target the fruitvale and Lower Stevens sands in an uncompromised well bore.
The current well is ongoing testing the upper 6 zones.
Its not clear whether they are still testing the lower zones as theres not a lot of detail.
Given they are calling the unassisted flow rates potentially commercial they must think they have something there worthwhile to commit another $5M(my assumption based on first well) to drilling a second well. Sounds good to me but we need a specific Paloma update
- Forums
- ASX - By Stock
- NEN
- announcement?
announcement?, page-3
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add NEN (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online