BP I entirely agree about the volume. There needs to be more interest in the stock.
The management issue is more difficult. I cannot see what else could have been done:
2 x $25m wells drilled at zero cost to Neon within the next 9 months by a competent operator (ENI). Neon retains a 25% interest in both blocks Prospect One has over a billion barrel 3P resource potential Prospect Two has seven tcf 3P resource potential Producing field in USA covering all G and A costs of the company US$30m in the bank No debt 13 mmbbls 1P reserves booked in USA Paris Valley lease permits to drill and develop are imminent Glau lease seismic yet to be evaluated but already paid for in full Paloma reserve evaluation under way Multi tcf prospective block in Indonesia under evaluation with infrastructure already being built nearby
The market is not rational
NEN Price at posting:
24.5¢ Sentiment: Buy Disclosure: Held