Get away from 120 that's the second cab off the rank. Sure BHP found a column of oil there in the 90's and that adds to the picture for 120. is there a prospect of oil for 120 yes there is along with gas.
My focus is 105, layered gas finds showing the same seismic characteristics to the adjacent 3.5TCF Dong fang gas field. Netherland Sewell estimate on 2D seismic 13.9TCF, that's about 1 TCF of gas for Nen alone. We now have 3D seismic data to further enhance the project.Now bring ENI into the picture with their expertise in analysis and strike rate. It's formidable to say the least and a great asset to have ENI in our corner. ENI will be sure to maximise our return
NEN Price at posting:
24.5¢ Sentiment: Buy Disclosure: Held