NEO nuenco nl

news from another source, page-4

  1. 8,259 Posts.
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    Hi Moneytax !
    "I mean come on where is NEO's assessment of what bullseye means for it's shareholders.....all we have heard is GGP news"

    Right well to take your second point first "all we hear is GGP news". As I have noted before it is true that GGP produces the announcements but that is for the obvious reason that as Operator of the well it gets to sort out what is said and when it is said.
    So GGP produces the announcements as Operators in other joint venture operations do as well. Certainly in most other cases the smaller partners make sure that they have the announcement produced under their letter head.

    However in this case GGP produces the announcements and puts out 3 under its own letterhead, 1 for GGP, 1 for MDA and 1 for NEO.
    Why NEO and MDA are prepared to allow this to happen I am not sure. I can understand that Mark Freeman, as a Director of GGP, may not think too much of it. However it does not go down well with shareholders really.

    As for your first point about the assessment of Bullseye for NEO shareholders .... what does it mean for NEO ....
    Well yes it would be nice if some statement was made. However I guess MF has to be careful that he does not overstep the mark and reveal some detail that GGP is not releasing to market yet.
    So perhaps we have to wait till the final flow testing results for J#1 are released and some indication about the size of the Miogyp reservoir is released. Then perhaps he should say something. Perhaps he wants to keep any comment till the AGM which will be about the time the final results have come out anyway.

    Yes it would be nice to be better informed and to be kept in the picture. As I say someone will have to give that an airing at the AGM.
 
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