The only data I have is from the Neon website and releases. From what Neon say the reservoirs at our target area appear to be coarser grained(more porous) than at the nearby producing Dongfang field. If this is true then our reservoirs should hold proportionaly more oil per cubic meter than the Chinese field.
Heres an extract from Neons website:
Cua Lo is located some 40 km southwest of the Chinese Dongfang gas fields. Both Cua Lo and Dongfang are adjacent to an extensive and deep hydrocarbon source "kitchen". The main structure at Dongfang hosts reserves of 3.5 TCF gas within fine grained Pliocene clastic reservoirs that have produced at individual well rates of up to 168 mmscfd (million standard cubic feet per day) of gas.
Prospective reservoir zones at Cua Lo may be of superior quality to those at Dongfang; being coarser grained due to a more proximal location relative to the Miocene-Pliocene sediment source.
NEN Price at posting:
23.0¢ Sentiment: LT Buy Disclosure: Held
