NEN 0.00% 22.0¢ neon capital ltd

100% - 500%

  1. 1,347 Posts.
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    Everything is looking very good with this little beauty.

    There will be substantial news in the next 2 - 3 weeks and a number of brokers are starting to take an interest including Pattersons now working with them

    Apart from a pending announcemet as choctip indicates they have...

    " US$30m in the bank

    No debt

    2 x $25m wells drilled at zero cost to Neon within the next 9 months by a competent operator (ENI). Neon retains a 25% interest in both blocks

    Prospect One has over a billion barrel 3P resource potential


    Prospect Two has seven tcf 3P resource potential
    Producing field in USA covering all G and A costs of the company

    13 mmbbls 1P reserves booked in USA
    Paris Valley lease permits to drill and develop are imminent
    Glau lease seismic yet to be evaluated but already paid for in full
    Paloma reserve evaluation under way
    Multi tcf prospective block in Indonesia under evaluation with infrastructure already being built nearby
 
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Currently unlisted public company.

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