Market action shows ill informed.
GGP is trading at 27c, yet NEO is still at 2.5c
This well is a twin....they aleady know there is gas and oil there from the last failed well and because one would assume this one is exhibiting the same characteristics, so I'm guessing that is why they are being careful to stabilize and make it a producer.
Gas and Oil in the mud confirms presence, it's just how much we want to know, so I'd guess Wed/Thu update once they finalize.
If it's worth 12c a share and it's at 2.5c with about 90+% of a good oil/gas find now given, it seems crazy not to be taking a punt for at least 6-8c target on confirmation....just can't understand these people selling because they certainly don't know the result yet as no-one does.
But we shall see in a few days!
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Dr Michael Thurn, CEO & MD
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