NEN 0.00% 22.0¢ neon capital ltd

Ann: Paloma Deep Testing Update , page-5

  1. 2,408 Posts.
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    Abbonz being a shale zone you don't get discovery flow rates anything like a coventional reservoir. It takes a range of methodolgy to get it to flow within shale.

    Whats important here is "nearology". Nearby shale wells operated by the likes of Oxy as commercial wells were on discovery very similar to our wells. According to Solimar these wells with our characteristics have gone on to flow at 170 bopd intial flows from vertical wells.

    Neon is evaluating horizontal wells which in theory should exceed vertical wells by some margin.
 
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