sgy, page-13

Yes Sherlock, I will answer your question with the following details.

First of all, All sharehoders are suffering. I am voicing my views on what could have been done differently to help give Mr Market some confidence to stop the major sell off in its share price. As I type, the share price is falling to new 20 month lows.

You tell me Sherlock, what's the go?

Lets retrace back to where it became apparent that Neon was about to test a new discovery exploration well, with success seen as a great opportunity to bring online a SECOND PRODUCTION Basin. The date was 30 November 2011.

This would remove the stress and the market seeing Neon as a one production NSA basin company.

This would give management a big tick of approval from Mr Market. The market likes to know that a company is able to cover external factors , such as NSA basin having water problems.

Do you believe that management since the announcement of Paloma Deep 1 well discovery on 30 November 2011, have made the right decision in the best interest for shareholders in the way they have conducted the testing at Paloma Well Deep 1?

The high expectation from the 11 January 2012, company announces a unasisted maximum rate of 1.9 MMCFD of gas and 226 BOPD from friutvale/lower stevens zones. What is todays date? How much money have investors piled into this stock on announcements since, with expected time frames for which have not been met?

Let me remind you Mr Sherlock, i feel like Dr Watson (Dr Watson was the brain and Sherlock was his understudy) as follows:-
15 Feb 2012 Paloma Update This is a quote from the announcement

"This next test is
expected to be completed within two weeks, at which time the Company plans to proceed with the
original programme of testing up to six of the shallower interpreted pay zones"

29 Mar 2012 Ken gives talk on BRR mentions PD1 and saids thay are in the process testing,continuing up the hole.

30 Mar 2012 Paloma Deep Update This is a quote from the announcement
"Further updates will be provided as the testing programme progresses".

17 May 2012 BRR update on PD1 & Drilling of PD2

This is my view, we should have had results by now on all the zones of PD 1 Well. If the news was good on the upper zones it would have in my opinion put a support under the share price prob around 0.30 cents.

Second, and i am not sure that you are all aware of it. PD 1 well , management could also have side tracked(Drilling) lower section of the well and implemented the new technology that they are currently doing in PD 2, and retest the Friutvale and Lower stevens zones.

I am not an expert, but i believe this could have been done with results alot sooner than what we are currrently experiencing.

Whether or not you guys see it from my perspective is not my concern. Everybody is entitle to his or her opinion and I have back up my statement with facts. Promises have not been delivered in a time frame for which was promised! Hence why we are suffering from Mr Market.

DYOR
Goodluck