stockanalysis on neon ($1.09 valuation current, page-27

Hi TShirt.
On a personal level I would not favor a split of NEN. Currently NEN are producing and with what is on the books with Paloma and PV it gives NEN income and significant upside of income while still haveing their hand in the exploration fiels. This is a much better scenario for shareholders that being a pure exploration business. Hence if there was a T/O I would expect that the management waould not have an appetite for splitting and for a company looking to T/O such as OXY it would give them a pearl of an opportunity to enter into Asia with ENI, really thinking about that (Asia) it is a bit of a freebe given that the JV and agreement has been struck with one of the worlds best (ENI). The more I look at this the better it looks for T/O. Could be game on once volumes are determined at Paloma as we seem to be doing the work for OXY at the moment given that they are drilling at the same location and we are ahead of them in the drilling etc.