NEN 0.00% 22.0¢ neon capital ltd

patience, page-27

  1. 2,408 Posts.
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    Stapleman they announced their intention to consider marketing the paloma assets at the AGM. They have also said in long time ago announcements that they would consider farming down Paloma. Generally an oil company will not give much more guidance than this before announcing something along the lines of a data room for due diligence as they did for Vietnam. Any farm out would then follow.

    As for Christmas break the oil industry execs may get to have Christmas but the operations people often work through on an existing project particularly if at a critical stage.

    I expect they will provide an update shortly along the lines Filbert has kindly outlined.
 
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