Stapleman, I'm with you in your thinking.
If I'm on the money that the combined reserves for both conventional and shale reservoirs are in the 24-70MB range then its very big for Neon. Perhaps over $1.50 for Neons 75%.
Right now the market is holding back as results are only partial. Theres more testing to come with the Upper Antelope, West Flank, Mid Stevens, Paloma Sands and the Tulare sand. Given markets tend to anticipate value I would expect the sp to rise as experts talk and articles and reports appear.
- Forums
- ASX - By Stock
- NEN
- Ann: Paloma Deep Testing Update
Ann: Paloma Deep Testing Update , page-15
-
- There are more pages in this discussion • 1 more message 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
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online