Kezza, was just looking through USA well permits this morning and I see something of interest regarding Paloma.
Vintage Petroleum (Occidental subsidiary) have applied for a rework permit on one of their Paloma wells which suggests at the very least they are still trying to unlock the Paloma deep secrets.
This well was one of the 12 well permits Oxy put in place around three sides of Neons discovery well.
On the subject of Paloma farm in, don't be too anxious about this as the farm out is only one scenario. KC has stated to me months ago a viable option is to put the higher gas zones into production. They already have a sales and distribution contract in place.
Should a farm in proceed the first we will know about it is as a done deal.
NEN Price at posting:
33.0¢ Sentiment: LT Buy Disclosure: Held
