Neon reveals farm-out details

Vietnam: Neon has revealed details of its agreed farm-out with an unnamed company

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Josh Lewis

, Josh Lewis

 19 January 2012 03:54 GMT

Australia-listed Neon Energy has released the details of its previously announced farm-out of two blocks off Vietnam.

Neon announced on Monday it had agreed to farm-out a portion of its interest in Block 120 and Block 105-110/04 to an unnamed company.

On Thursday Neon revealed it would assign a 25% working interest in both blocks to the farminee who it continued to decline to name.

Under the agreement the new farm-in partner will provide a full carry on an 800 square kilometre 3D seismic survey in Block 105 and a 250 square kilometre 3D shoot in Block 120.

It will also provide a full carry on the drilling of…

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