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
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BPI entirely agree about the volume. There needs to be more...
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