price of gas

NEO have 50% of this well. It has tested at 600 MCF per day; current price over $6 (US) /MCF.

Gives estimated return after costs of about $1500 pd for NEO; say $500 000 per year.

Three other wells to complete and test gives potential return of about $2 m per year; a bit more in $A. Market cap was $14 m at 6,9c.

They have other projects.

If they don't stuff this up, it really could make the company profitable.