Good bit of cross referencing Stapleman....it is indeed interesting to see that NEN is talking that “the Lower Stevens sand encountered a column of more than 200 ft of continuous potential oil pay, with a high reservoir net to gross ratio. The company believes that this potential pay zone could extend over at least 740 acres of Neon’s gross 2,500 acre lease holding. If production testing confirms the economic producibility of the formation, the Lower Stevens alone could represent a significant resource.
When AOC announced 180ft total of oil shows it was greeted by the markets with a spectacular SP increase.......we have serious multiples of this.
Appreciate real returns will be based on proven resource but you have got to say, its looking rather good about now!!
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