Ann: Annual Report to shareholders , page-3

This is encouraging, pg 48 AR:

The Directors have considered the funding and operational status of the business in arriving at their assessment of going concern and believe that the going concern basis of preparation is appropriate for a number of reasons, including:
• Negotiations continue with the partners in both Vietnam Blocks 105 and 120 with the aim of achieving a mutually acceptable arrangement that will allow Neon to limit payment obligations to cash already paid;
• Notwithstanding these ongoing negotiations, Neon is challenging the validity of drilling and other costs charged to the partners,

Particularly this one

• Subsequent to balance date, the Directors are encouraged by discussions with a third party for a cash disposal of assets that the Directors believe has a high probability of closing within a short period of time. Those discussions, which remain incomplete and confidential as at the date of this report, will be disclosed if a binding agreement is executed.

• Finally, the Directors believe that the Group’s ability to manage the timing of cash flows for discretionary exploration and development expenditure, coupled with significant reductions in corporate and administrative overheads, allows the Group to meet the obligations of the business as and when they fall due.