if it is a commercial well just 105 by itself, neon has market cap of lets say, round up to 200 million for easy maths . you could and may well have started accumulating 15% of neon cost 35 mil which would give you 4% of 105 .how much has neon spent/kris/eni spent already and given that they MAY have some cash after drilling these 2 wells it would be hard to imagine they arent on others companies radars ie karoon etc -offshore gas oil deep water guys- the flip side of this is eni IF commercial got a pretty good deal i think , if commercial eni would have thinking cap on would they want more blocking stake in neon may HELP/farm in indo. most likely if they wanted to farm in wouldn't be so cheap so they could protect help out neon. kris has heaps more cash ? and market cap so to try and get 15% kris much more expensive for same net result in 105 4% thoughts gentleman 45 if massive find not bad start make sense?
NEN Price at posting:
32.0¢ Sentiment: Hold Disclosure: Held
