it's 5% of 40M BO know reserve.I spoke to my mate last week...

it's 5% of 40M BO know reserve.
I spoke to my mate last week who's got 40 yrs exp in califronia...he reckons that area is suspected of being between 50-100M BO and the place is riddled with oil. and yes indeed it does seep to surface.
once I told him about NEO he bought and avised me to so I got in at 13c last week...pity didn't wait a bit.

5% free carried to production - NO FINANCIAL RISK.

5% x 40M barrels = 2M share to NEO= 120M revenue or about 12M net profit to NEO.....umm the market cap is only 12M so that's abotu $1 per share.

what if indeed it is closer to 100M....umm that's $2.50 per share

when drilling the sump to have oil seepeage that means in 2-3M of depth they struck oil!!! then they drill next door to see at what depth it continues.

I hold for the continued well drilling 2 out of 2 ain't bad so far is it.

apprenly my mate reckons those partners are serious big boys, unlike orchard petroleum they seem to be pursuing ahead at full steam for NEO.....

great deal...