benefit of the doubt I don't think we should get overly...

benefit of the doubt I don't think we should get overly concerned. After all NEO did was to inform the market, and "encouraging results" cannot be sniffed at.

Only time will tell, but in the current oil price environment exposure to oil explorers should represent a portion of all investment portfolios.

As oil prices tick higer the value of a discovery will increase dramatically. I read a recent study that suggests that because of recent oil price rises oil in the ground could be worth A$30/bbl. If NEO finds what they hope to find which is 100mn bbls in the Monteray and a further 100 mn bbls in the Stevens then with a 25% share the company could be worth A$1.5bn. On a per share basis that is worth over $2 on a fully diluted basis.

Not a bad risk-reward ratio methinks. 10,000% upside potential for a risk of no more than 25%.

The next few days should tell all, but I remain an enthusiastic supporter.

As always I encourage everyone to use their own judgement to evaluate the investment potential of this opportunity, but the numbers look compelling.