ensco 107, page-8

Dear rizzla
Most of us are fully loaded on NEN I don't believe drilling both blocks at the same time or similar timing will be beneficial to the sp. I also think it is going to be harder for the existing SH's to de-risk their current holdings IMO. I don't believe we will have the results in from block 105 prior to spudding block 120. With the new timing the risk/reward increases dramatically and I am happy to hold and back the amangement/experts.

On another point I don't think the market will put much value on the CA projects. As I mentioned before these assets are the bread and butter for Neon and will cover all expenses however given the technical challanges and timming these assets will not be a company makers nor will it lift the company to the next level. Unlike Vietnam if we have any success Neon will be re-rated and become a mid tier Oil company.

Good luck to all we certainly deserve some success.