NEO have 50% of this well. It has tested at 600 MCF per day; current price over $6 (US) /MCF.
Gives estimated return after costs of about $1500 pd for NEO; say $500 000 per year.
Three other wells to complete and test gives potential return of about $2 m per year; a bit more in $A. Market cap was $14 m at 6,9c.
They have other projects.
If they don't stuff this up, it really could make the company profitable.
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