The other kicker here is the corporate overhead costs. I read a...

The other kicker here is the corporate overhead costs. I read a report not that long agao where NEN said the corporate costs were about 50%. This is apparenmt when you have lower volumes. Looking at the report the corporate costs will plummet as volumes increase and therfore increasing margin.
I know this is exciting and no one is more excited than me. The justification of this is the report from yesterday and in particular lower stevens B and upper antelope- reading the report this is pay dirt 230 feet and covering 730 acres. Link this to the previous report dated March 30, 2012....
"Based on historical production from the nearby fields the Monterey Shale may have potential to
produce 10 to 30 bbls of oil per acre-foot(2). In the case of Neon’s estimated 366 foot gross (276 foot
net) pay over its 2,847 gross acres"
Well you start joining the dots and you can see my excitement just on this, let alone Vietnam.
The person who suggested a 7 bagger ($2.31)as I commented on last night, could be very close to the truth. Thenext period will be worth the ride as the S/P keeps heading north.