other vietnam comparative activity , page-6

Chiillam there has' nt been much info on the PPP block. Premier put the best info out but thats well short of what Neon has released for 105/120 so comparisons on the info I have seen is hard.

Proximity generally means the probability of geology being similar is high but this is far from an absolute. So Block 121 results could be relevant but then again not so if the geology is significantly different.

A good result for PPP would at the least highlight an active hydrocarbon system in our proximity. Though even that pales when compared with BHP's discovery in the early nineties in Neons block.

So in my mind a PPP discovery would probably have more psychological value for investors than direct value for Neon. Similarly a dud well for PPP would knock holders. But a failure by PPP cannot overcome the importance of the BHP discovery on our Block that we know we can redrill and at least refind that oil (Neon seismic indicates BHP stopped short of a greater target so the BHP discovery is likely to be exceeded))