NEN 0.00% 22.0¢ neon capital ltd

I think the resource announcement may be later as management...

  1. 971 Posts.
    I think the resource announcement may be later as management will be anxious to confirm flow rates and just as anxious to confirm P1,2 as this is where the real money will be for the SH.

    My view on the shale component, is as you know significant however, to add this to a P1,2 I understand is more involved and hence takes longer ascertain. I think the shale was not considered nor seen as a viable option when PD1 was spudded and following PD2 and confirmation of he extent of LS and the shale it has turned out to be a whole now ball game at Paloma.

    With these thoughts I would expect to see a decent initial announcement and from they’re on a quick succession of updates as to the P1,2 of Paloma.

    As Ken said at the GOC 10,000bopd....... pout of Paloma. For those that are interested do some numbers based on that and you will see why Ken has said continually why Paloma is a big deal for them!!!
 
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