NEN 0.00% 22.0¢ neon capital ltd

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

  1. 14 Posts.
    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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Currently unlisted public company.

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