I went back and looked at the amplitude map on Slide 12 of the February 11 presentation ( http://neonenergy.com/IRM/Company/ShowPage.aspx/PDFs/1274-58134526/UpdatedInvestorPresentation ). I am blown away at the extent of this possible field. In the mid-1980's, I did Amplitude Versus Offset research with a large oil and gas company in the United States. This was groundbreaking work led by one of the smartest geophysicists in the world. Now that Neon has a well bore on which to do modelling, they will be able to give a more accurate estimation of the reservoir's extent. Assuming the well is commercial, I think that the reserves might be staggering.
NEN Price at posting:
33.5¢ Sentiment: Buy Disclosure: Held