NEN 0.00% 22.0¢ neon capital ltd

ann out, page-66

  1. 2,408 Posts.
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    Generally light oil is an easier consideration from a method point of view.

    Theoretically its also a higher earner at the refinery as less has to be done with it but then there are always exceptions.

    One being that we sell our heavy low API oil from NSA at a premium and have done for a couple of years now. Usually heavy oil incurs up to a 15% discount.

    PD-1 as I understand it may skip the Upper Antelope in favour of the Paloma Sands. You're right that most often they work their way up the well from bottom. I guess here that the Upper Antelope could be long in testing whereas the Paloma sands should be relatively quick.

    In terms of flow announcements I think we will get a series of announcements as definitive results occur rather than waiting for completion of all zones in the three wells.
 
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