NEO has released its September Quarterly Activities report this afternoon. It generally makes good reading. Certainly there is the indication that NEO is currently getting AU$ 80,000 per month on the 700 barrels per day rate from Jumonville#1 (That's about AU$960,000 per annum after Royalties) So what will the income be per month once the flow rate is increased further ?
A further $20,000 to $28,000 per month is estimated for the SELH JH 3-13 gas sales.
So income of over AU$100,000 per month and expenditure about AU$50,000.
Other good detail in report.
NEO Price at posting:
1.3¢ Sentiment: Hold Disclosure: Held
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