NEN 0.00% 22.0¢ neon capital ltd

independent resource estimate, page-3

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    Scoob its not unusual for an oiler to undertake its own internal resource assessment which it can release to the market with standard provisos.

    Independent assessment is somewhat discretionary until a proven asset is discovered at which time independent assessments of the resource and value must be made for asset accounting purposes.

    Companies usually opt for pre drill independent assessments as it gives them credibility with shareholders, potential farm in partners as well as peer reviewing their own calculations.

    In todays announcement they say a resource assessment for B120 will be made available in July. Given your comments it would seem this will be an internal company assessment at that stage. I would expect similar for B105.
 
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