NEN 0.00% 22.0¢ neon capital ltd

b120: chance of success

  1. 94 Posts.
    Mr KC confirmed in his recent interview that drill sites both in B105 and in B1200 would be selected on chance of success rather than the biggest target. I think that strategy sounds very sensible - well done.

    If we apply the logic to B120, then surely the greatest chance of success is to drill exactly the same location as BHP drilled but drill deeper?

    Now clearly, ENI and NEN may believe that there are other larger targets not far away and they suggest that there is some physical anomoly at the BHP location which restricted the drill results.

    i'd be keen to hear people's interpretation of this. My thought is that ENI will not drill at the BHP location even though it is the only location in this huge block where there is confirmed oil.
 
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