Two things everyone is missing18x what they have- massive...

Two things everyone is missing

18x what they have- massive acerage that has only been shallow 2D modelled- so heaps of upside for larger discovries including extensions up dip or down dip from current large fields in operation on edges of acerage.

We don't yet have the independent geologist report indicating inferred, etc resources(gas oil in place).

If this was the deal, it didn't need to be delayed a week so I assume they were waiting for something to come and get added to it- prob the report was delayed so that will come out soon.

We really need to know the size of it- is it 10 or 100M Barrels oil in place or 1B??? that's the question as that determines who esle wil want to JV in at a later date and give NEO free carry in well production.....

I'm guessing it's worth a lot more than 2.5c, but without the report we can't value it....so expect the big boys to sit and accumulate at lower prices till the report is out then push it.