NEN 0.00% 22.0¢ neon capital ltd

Reply:No, the Company is not aware of any additional information...

  1. 407 Posts.
    Reply:

    No, the Company is not aware of any additional information which, if known, could be an explanation for recent trading in the securities of the Company. The Company would like to refer to the announcement made on 6 December 2013 titled, “Cua Lo Gas Discovery”. We believe that the market has taken some time to analyse, interpret and adjust to the information disclosed in that announcement. The Operator’s preparations for production testing at Cua Lo are ongoing and the Company will update the market with respect to this production test as soon as it has been determined.

    In addition, there has also been some recent Merger & Acquisition speculation in the Australian Oil & Gas sector.

    The recent movement in Neon’s share price may be due to a combination of the above 2 events. Besides the information disclosed in our 6 December 2013 announcement, there has not been any material event or changes in the Company’s affairs.
 
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Currently unlisted public company.

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