block 105 derisked

Todays announcement significantly derisks Neons first well. The similarity in geology with the recent nearby Dongfang discovery improves the POS alone. The fact Neon is drilling 5 zones, all with direct hydrocarbon indicators improves the POS significantly in that we get 5 bites of the cherry in the one well.

Both bits of information together, along with what we previously knew, reduces the risk to about as good as it gets for an offshore exploration well.

I would love to see those additional 3 zones quantified in terms of prospective resource...is the target up 10%, 50% 100%????