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
NEN Price at posting:
23.0¢ Sentiment: ST Buy Disclosure: Held
