NEN 0.00% 22.0¢ neon capital ltd

eni, page-3

  1. 971 Posts.
    Interesting development. ENI as a oil major is setting it's self up nicely and is GREAT for NEN. The reason being that by getting 50% of the block between NEN's two blocks the acerage is huge.
    Coupled with this it positions ENI perfectly to T/O NEN and Essar and of form a partnership with Essar? Not knowing the size of Essar and as NEN has a small share registerit positions ENI to take out NEN at what would have to be a premium price given NEN sits each side of the block,
    As was mentioned ENI as a oil major (the same size as BHP) must be very confident in hitting a significant find.
    The management of NEN did a great job of getting ENI on board.
 
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