NEN 0.00% 22.0¢ neon capital ltd

cnooc drilling at dongfang

  1. 26 Posts.
    Just trying to fill some time before we get news on Block 105 drilling and came across this article from last November - http://www.zacks.com/stock/news/86719/CNOOC-Hits-Gas-Again-in-Yinggehai

    Says CNOOC has made a discovery at Dong Fang in the Yinggehai Basin - right next to Block 105 – with flow rates of 42.4 million cubic feet of natural gas per day. Interfax is also reporting this is a proven resource of 1.7tcf, with plans to upgrade to 3.5tcf, and the Zacks article seems to say this is all from one 35-metre thick zone.

    Anyone got any more info on where this discovery is? If it's close to Cua Lo and in a similar geological setting we could be looking at something massive, especially given NEN is looking to test five zones rather than one!
 
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