NEN 0.00% 22.0¢ neon capital ltd

Thought i did, but can't seem to get through. Here are some...

  1. 409 Posts.
    Thought i did, but can't seem to get through. Here are some other media highlights:

    "Neon Energy keeps rising: up 22.6% in 3 days December 06, 2013 11:00:00 AEST
    319 words
    6 December 2013
    Australian Company News Bites - Trading Floor
    NBACTF
    English
    Copyright 2013 News Bites Pty Ltd. All Rights Reserved.
    TRADING FLOOR

    Neon Energy Limited (ASX:NEN) extended its gains Friday, rising an additional 4.50c (or 16.1%) to trade at 32.50c. The shares have risen 6.0c (or 22.6%) over the past three trading days vs. the All Ordinaries Index which has fallen 1.8% in the same period.


    Technical indicators

    Bullish:

    In the Australian market, the stock"s relative price strength percentile is improving at 65 for 6 months, 74 for 3 months and 88 for 1 month.

    In the last three months the stock has hit a new 52-week high once.

    The price soared 25.0% in the last week and 12.1% in the last month.

    The present value of AUD1,000 invested one year ago is $1,477 [vs $1,194 for the All Ordinaries Index], for a capital gain of $477. The total return to shareholders for 1 year is 47.7%.

    Fundamental measures by comparison with the sector average [in brackets] indicate:

    Overvaluation:

    Price/Sales of 10.9 [1.9]

    Price to Book of 2.9 [1.8]

    Note

    The stock is at a discount of 9.7% to the 12-month high of 36.0c on 25 Sep, 2013. It is also at a premium of 85.7% to the 12-month low of 17.50c on 19 Apr, 2013."






    Neon Energy confirms gas discovery in Cua Lo well
    289 words
    6 December 2013
    Resources News (RWE)
    RESNEW
    English
    Copyright 2013 RWE Australian Business News Pty Ltd. All Rights Reserved.
    Sydney - Friday - December 6: (RWE Australian Business News) - Neon Energy Ltd (ASX:NEN) has confirmed the Cua Lo-1 ST1 exploration well, offshore Vietnam, as a potentially significant gas discovery.

    Drilling reached total depth (TD) at 2,867m (measured depth) and operator Eni is presently completing wireline logging operations.

    Based on gas shows and initial evaluation of Logging-While-Drilling data, one additional zone of interest has been encountered, at the 4.7Ma level.

    This brings the total number of zones of interest to four.

    A fifth level (5.5Ma) exhibited gas shows within a poor-quality reservoir that may have potential for improved reservoir characteristics elsewhere.

    The four reservoirs (4.1Ma, 4.2Ma, 4.5Ma & 4.7Ma) exhibit good indications of gas over a total gross interval of approximately 150m.

    While Neon says it would be premature to comment on the potential size of the Cua Lo resource, it is certainly well within the range of pre-drill estimates as previously reported by the company.

    The joint venture has unanimously agreed to production-test the well, and the parameters of a testing program will be finalised after analysis of the new wireline log data.

    The program will be designed to confirm that gas can flow to surface at commercial rates, and provide critical data regarding reservoir deliverability and gas composition - information that is key to determining commerciality.

    The test program is expected to commence within one week and take a further week to complete.

    The respective working interests of the joint venture parties in the Block 105 PSC are Neon Energy (Song Hong) Pty Ltd 25pc, operator Eni Vietnam BV 50pc and KrisEnergy (Song Hong 105) Ltd 25pc.

    RWE Australian Business News Pty Ltd




    Looking forward to reading a few in the weekend papers...
 
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