NEN 0.00% 22.0¢ neon capital ltd

its on team

  1. 2,408 Posts.
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    Gas in all zones so far drilled is very significant. The three top objectives and the first of the deeper objectives have gas.

    Neon is being its normal professional self and not shouting from the rooftops but rather saying they will proceed with testing the upper three zones once the side track is complete.

    By itself this announcement would be encouraging in that we now have absolute proof of a working hydrocarbon system in our acreage.

    But what truly makes this special is that the well not only appears to be delivering to at least pre drill expectations (gas depth zones) but the analogy to the Dongfang fields nearby becomes far more valid.

    Its still early days until we know CO2 and deliverability but my gut says we are onto something very big here.
 
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