neo/opl, page-7

re: quick thoughts on opl investor presentation on CR8 , I reckon NEO could sell out there entire interest at $25m now! Thats 5cps. But why would they ?

Remember the JV partners know more than we ever will about the prospects at JH , and their throwing heaps of cash and effort at it , just look at how far we have come in 9 months!

Having said that , the downside in spec oilers (incl OPL) remains significant until P50's are confirmed and/or commercial production commences.

I think Steve Graves is being very conservative with his JH numbers at this stage FWIW.

SALTY