I totally agree Neuchatel. The price jump when it happens will purely be a function of the gas quantity announced.
As discussed a few days back with thecouncilgritter, our share of 4TCF should mean 88cps for that quantity, rising if they announce a greater figure. (thats in addition to other Neon assets)
Later ammendments due to increased data be it appraisal wells would mean further additions to that underlying asset value. So it could be a Karoon style journey as they popped up each time reserves adjusted upward.
NEN Price at posting:
33.0¢ Sentiment: LT Buy Disclosure: Held