NEO ................... there are round 230m shares on issue and I believe round 30m are held by management (I am willing to be corrected here tho) and what's left are very tightly held ............... over the last few weeks I have been nibbling at the market and every time I tried to get a reasonable amount it pushed the price up round .5 to 1cent so its hard to get a decent holding.
Re the survey ....................... they have shot 700 odd holes and sent samples off to the lab in the US for geochemical analysis and, if you have read the reports, the info that has come back is very encouraging ie approx. 150 have 30 to 45 API oil seeps and 80 had propane gas that was derived from oil, also found live oil seeps giving compelling evidence of a active petroleum system in the area so am not sure whether they will shoot 3D but rather proceed straight to wildcat wells that they will use for production if oil is found.
Management have been negotiating with prospective farmin partners since Feb 2014 and they are expecting to begin a program of wells 2015.
This is all for the SB Block.
Not to sure re your question about a speaker at the up coming conference but the forum is expecting some sort of ann at the conference.
Finally welcome aboard ...... this is a great forum and all are here for a great ride.
HKP
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