Just ripped this off the Rigzone site. Looks like old news, but with slightly different info to the NEN ann ...
"The Operator has worked diligently to stabilise the well and has plugged back to below the 13.375 inch casing shoe, at a depth of 5,905.5 feet (1,800 meters). The well will now be sidetracked and drilled to a revised 9.625 inch casing point located just above the over-pressured zone. This will allow for wireline log data, including reservoir fluid samples, to be collected across the upper reservoirs before setting casing and drilling ahead to the deeper two objectives.
Neon Energy is encouraged by the presence of gas encountered in the zones drilled to date. The presence of hydrocarbon gas bearing formations will be confirmed after collection of reservoir samples during wireline operations, while reservoir deliverability will only be determined by production testing. A decision regarding production testing will be made after reaching the proposed Total Depth (TD) and evaluation of wireline data and retrieved fluid samples is complete."
The last sentence of the first para catches my eye. Interesting ........
NEN Price at posting:
34.0¢ Sentiment: Buy Disclosure: Held
