Todays announcement is just a wee slice of the expanded NSA area leases. Have a look at the California project map on Neons website to see what todays acreage is part of.
All in all a very good model for adding to NSA, especially given the geology seems the same. In theory what works at NSA should work here.
Ricky your comment is how I see it. Perhaps another 3-5MB of shallow , cheap to recover oil.
Pancho Rico, of which we don't have details but 100% ownership would seem to be of similar size though the northern boundary appears to go off the page.
NEN Price at posting:
29.0¢ Sentiment: LT Buy Disclosure: Held