From Worldoil.com:
"Hanoi - Eni is expected to start exploratory drilling in a block offshore Vietnam in June this year as it seeks to expand its operations in SE Asia, Petrovietnam said.
Petrovietnam added that Eni also wanted to invest in gas infrastructure in Vietnam"
ENi did'nt state which block it is but it must be one of 3 approved Blocks being our 105,120 and Essars 114. The Essar deal was concluded a month later than the Neon deal so the reference more likely to our Block 105. The 114 block required 3D seismic which I have not been able to confirm as completed or not, unlike the seismic for 105/120 whose completion has been commented on in various financial/oil media.
The reference to gas infrastructure also bodes very well for selling gas from blocks 105/120.
I don't think we could be with a better strategic partner than Eni given their strong relationship with Petrovietnam.
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