NEO has released its September Quarterly Activities report this...

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.