Sorry gotta agree with tbspbs - NEO at 2.8 OPL at 36c or OPL at 46c NEO at 3.8.
Always remember the todays price is correct until tomorrow. Yesterdays price was the wrong one.
NEO is direct exposure to the Hamar wells but OPL is diluted by its other assets (via market cap) so if you want exposure to those wells NEO is the most direct route despite them having the same 25% share.
If that doesn't make sense think of it this way - say 25% is equal to 100m NPV then NEO should be at 15c ish allowing for option dilution but OPL will only go to $1.10 area ie 230% return in NEO v 140% in OPL. Naturally it work in OPL's favor on the downside.
All above are rough numbers but I hope you get the idea - you can't trade the relative value here - you just decide if you want the exposure directly or diluted or not at all - you have made your choice and made money - well done!
NEO Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
