NEN 0.00% 22.0¢ neon capital ltd

buyers building, page-19

  1. 548 Posts.
    In June we have two price drivers for NEN Origin is likely to drill well in Block 121, which is immediately to the south of our block 120. They seem to be testing similar geology to ours. We already know there is oil in block 120 the real question is how much?

    Any success on Block 121 then our share price would also benefit from this.

    I believe the risk has been reduced considerably my thoughts are block 105 comes in then the SP will be $2+ if it's a dud then we will be around 20s until the drill results from block 120 come in. Either way we are truly undervalue.IMO
 
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