NEN 0.00% 22.0¢ neon capital ltd

9&5/8"

  1. 94 Posts.
    The 26th august announcement told us that there would be a further announcement when 'Drilling has reached the 9&5/8" casing point situated above the lower two objectives'. 

    Pablo has told us that all things going well 'the sidetrack will be through the first three objectives by monday' (today). There will be further drilling to the 9&5/8" point which might be reached late in the week.

    Furthermore, the 24th September announcement stated that wireline log data and reservoir fluid samples would then be taken prior to setting the casing and drilling the lower two objectives. Shall we say 3 to 4 days for these activities (all going well).

    My interpretation is therefore that we may get an announcement later this week to say that the 9&5/8" point has been reached, but this is unlikely to contain any of the wireline log or reservoir info. 

    For this info we'll probably have to wait for an announcement at Total Depth, an announcement which should also confirm whether the operator is proceeding to production testing.

    This 'material' TD announcement is still over two weeks off.

    Do u agree?
 
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