strategic review, page-2

Below is the companys STRATEGY from the website. The TH says that the announcement is in relation to a strategic review.


Neon Energy’s principal objective is to generate superior shareholder returns through successful oil and gas exploration. The Company is committed to:

*Significant portfolio growth in Southeast Asia
Acquiring high equity stakes in early stage projects, and subsequently farming down in order to fund exploration programme

*Investing the Company's funds in an efficient manner

*Maximising revenues from its producing asset in order to fund company overheads and new ventures growth

*Maturing the Californian portfolio to provide increased cashflow

*Maintaining a balanced portfolio of assets; from exploration to production, low risk to higher risk

*Aligning with quality partners


Would be nice if it was the last point being reviewed and they were aligning with a great partner