Risked valuations of 60-80c are not much good because there are...

Risked valuations of 60-80c are not much good because there are only 2 wells and both are quite high risk. Unrisked valuations are a better way to think about it. Ie if either of these wells is commercially successful we are looking at an SP of $4 or $5. If neither come in then we are looking at some kind of base price of 25c taking into account the California assets, production, Indonesian asset, and future exploration on the two Vietnam blocks. IMO the Vietnam acreage is worth two or three wells in each block so I cannot see Neon walking away even if the first two wells are not successful.