NEN 0.00% 22.0¢ neon capital ltd

its on team, page-18

  1. 2,408 Posts.
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    Prowiz,

    In theory a 20-25% slice of 3.9TCF, but and its a big but....there should be a lot more.

    Neon has never quantified the additional zones found by 3D seismic so the 3.9TCF is an old figure based on lesser information.

    At the time NSAI certified that figure the range was 1TCF to 13.9TCF for low to high case with 3.9TCF being best case.

    The extra zones should mean the best case rises within the overall range of 13.9 TCF

    How much extra is anyones guess right now.

    Kc commented to me a long time back that any discovery at Cua Lo will make pre drill estimates totally redundant.

    I am purely guessing that Cua Lo will be 5TCF+

    As for sp I'd suggest a minimum of $1.25 once commerciality is known but be prepared for upside from that if we are well above the 3.9TCF pre drill target.
 
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