New Analyst Searches Corporate Calendar Upcoming Dividends Upcoming Floats Stock Screener Featured Stock ASX300 News Digest Our Research Methodology
Company News Summary
Neon Energy Provides June 2012 Quarterly Activities Report
30 Jul 2012 | 12:34:00 | Associate analysts | Increase | Decrease | 
Original announcement: Quarterly Report June FY12
Neon Energy provided its June 2012 quarterly activities report, reporting a farmout of Vietnam Blocks 120 & 105 to Eni Vietnam B.V. (a wholly owned subsidiary of Italian supermajor Eni SpA) for a carried 3D seismic program and one well in each of the blocks; also the completion of Vietnam 3D seismic acquisition programmes is ahead of schedule. Contingent Resources confirmed for multiple pay levels at Paloma oil & gas discovery; also extension of Paloma-1 discovery confirmed by Paloma Deep-2 appraisal well with new, deeper zone of interest identified by log analysis. A gas discovery at Paloma-3 well, testing for commercial viability is ongoing; as well as increased working interest in Paloma project. Cash on hand 30 June 2012 was $11.8m.
See more ASX300 News Announcements