interesting comments, page-34

" 5 percent interest in Bullseye which at a very conservative estimate will give them at least $730,000 per year from just 1 well running at 500 barrels per day."

Whoa Frosty !
If we take that figure of 500 bopd and give NEO 5% of it that gives NEO 25 bopd.= 9,125 barrels a year. Now you say that will give an income of $730,000 per year which would mean that you are indicating a rate of $80 per barrel.

Ah now is that AU$ that you talking about here? Must be ... can't be US$.

Okay if it is AU$ I will accept that possibility. Not sure whether that is being taken as a nett figure ?????

However, we know that it is not going to be just a one well development so income is going to be much stronger than you have suggested.
I realise you are just illustrating how much income even just one well running at its present restricted flow rate of around 500 bopd is going to generate.

Interesting times. I just wish I had some spare cash to get in a swoop up some more NEO now at a silly level.