NEN 0.00% 22.0¢ neon capital ltd

plans to seek indonesia partner - bloomberg, page-5

  1. 1,863 Posts.
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    Thanks for that TaneNui.

    Obviously this is just an opinion, but I would really prefer that they focus their attention on bringing Paloma to a conclusion - whatever that is (JV etc) - before thinking about other activities.

    If we can monetise that asset then it puts us in a much clearer, and stronger financial position with respect to our other ventures. While I highly doubt that the wells in Vietnam will exceed the caps, its a good example of where funds could have come from if the cap was exceeded.

    Note: (with respect to Paloma) Farm-outs with an upfront cash component is normal/achievable seeing as we have a lot of data and knowledge to hand-over.
 
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