announcement 15th april

ANNOUNCEMENT TO THE AUSTRALIAN SECURITIES EXCHANGE: 15 April 2014

Vietnam Update
Neon Energy Limited (ASX: NEN) advises that Operator Eni Vietnam B.V. has issued Notices
of Withdrawal to Neon Energy (Song Hong) Pty Ltd (NESH).
The Notices require NESH to withdraw from the Block 120 and Block 105-110/04 (Block 105)
Joint Ventures, and have been issued further to non-payment by NESH of cash call payments
to the Operator totaling US$22.1 million; costs primarily associated with drilling of the recent
Ca Ngu-1 and Cua Lo-1 exploration wells.
NESH is disputing the validity of the Operator’s actions leading up to issuance of the Notices
of Withdrawal, and remains in negotiation with the Block 120 and Block 105 Joint Venture
Partners.
The Company will provide further updates in due course.
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Enquiries:

Managing Director: Ken Charsinsky
Chief Financial Officer: Ben Newton
Telephone: 08 9481 1176
Website: www.neonenergy.com