- not on trend with Exxon discoveries (Ca Ngu is, by comparison)
- Ca Ngu is targeting the graben/tri ton horst, again same fault as Exxon. PPP well outside of this.
- different play: Ca Ngu= Mio-Plioc sands and Mio carbonate reef. PPP=looks like fracture base. in the Oliog. But who knows as they did little to instill confidence (2 or 3 seismic pics), AVO analysis..where? etc
If you are worried about proximity issues you better start getting worried about Cua lo (B105), as DF 1-1 is sucking up C02 to make methenol.
NEN Price at posting:
30.0¢ Sentiment: Buy Disclosure: Held