re: neo-flying!!!!!!!!!!mme MME , the service rig arrived at JH1 about 10 days ago as I understand .
It will take at least 10 days per deep zone to test and frac.
Therefore I would expect results from the first Monteray deep zone to be close to finished about now.
I expect the JV will announce details on a zone-by-zone basis , say , every fortnight from now til the end of Jan 05.
The shallow Echegoin gas play will not be tested til about Feb 05 either by seperate drill or by sidetrack from JH1 imo.
If results are ann. zone-by-zone then we may be in for a rocky ride (aka great trading) .....as I do not expect all 6 zones to be commecial ...
Still NEO at mkt cap $20m vs OPL $80m is undervalued atm .. imo.
Cheers,
SALTY
NEO
nuenco nl
