Yes stuverine
Take this into consideration:
Neo has much acreage yet these are the fist two wells to be drilled after many years. IMHO they will be a better than average chance of success. I would like to see some seismic data on these two plays.
With both oil and gas at high prices and NEO about to drill two prospects within the next 3 months NEO looks exceptional value.
NEO market cap only 8 million at present. If all the rights issue is taken up NEO will have over 5 million to play with and still a relative low market cap.
It has been slow going for this stock for a long time, but it looks as though things are rolling again.
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rights offer at 2.5c stock now 3.9c, page-29
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