2 milll sell overhang, page-44

looks like the downrampers who were screaming 'cap raise' in a desperate last ditch attempt to get some cheap shares ran away when confronted with the facts.

Obviously they have no idea about the terms of the farm in with ENI whereby they are essentially funding the costs of these first 2 wells.

Also, Neon has probably $17mill left in cash and absolutely no borrowings so they could always access some debt to fund their drilling obligations.

Management have waited a long tome for this moment and they wont want to be diliting their own holdings at such a ctritical stage of the companys life.