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Thursday, April 21, 2011

Drilling Commenced at Neon's San Ardo Field

Drilling Commenced at Neon's San Ardo Field

Thursday, April 21, 2011
Neon Energy Ltd.

Neon Energy is pleased to announce commencement of a two well development drilling program on it's 100% owned North San Ardo oil field, onshore California.

The Lombardi 20-27H and Lombardi 21-27H horizontal production wells will be drilled back to back, targeting the southern lobe of the field. These wells are anticipated to significantly increase production at a time of strong oil prices.

The two well program is budgeted at US $1.6 million, and the wells are each expected to take two weeks to drill, complete and commence production. The Company will provide further information as and when initial production rates become available

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