validation statement from neon, page-8

Dear stapleman,

I recall the large database you referred to having been noted in months long past, and the database material often referred to in old company presentations. I thought I would look for the exact size of the database material.

PS Have a read of the 7 September 2011 Good Oil Conference Investor Presentation- slide 10:-

Block 105 significant gas potential
7 primary prospects (four with multiple targets)
2 prospects chosen for 2012 drilling
Supported by strong seismic Direct Hydrocarbon Indicators (DHIs)
Shallow water “jack up” rig sufficient to drill

Block 120 significant oil potential
12 primary prospects
Top three total prospective resource > 1 Billion barrels
1 prospect chosen for 2012 drilling
Deeper water necessitates “semi-sub” rig

Truly great potential!!!!!!

The geoscience database is noted in the PESA article featuring Neon:-

"Neon’s business strategy has always been to use its technical expertise, large unique geoscience-oriented database, and many industry contacts to identify and acquire
quality acreage. The database consists of an extensive collection of oil and gas information, including over 2 MM line km of seismic data, books, well data, reports and studies covering many of the major hydrocarbon basins throughout Southeast Asia. This was the screening tool that led to the acquisition of Neon’s acreage in Block 120, offshore Vietnam, in the Quang Ngai graben."

http://www.google.com.au/url?sa=t&rct=j&q=&esrc=s&source=web&cd=21&ved=0CCoQFjAAOBQ&url=http%3A%2F%2Fwww.pesa.com.au%2Fpublications%2Fpesa_news%2Foct_nov_09%2Fimages%2Fpn102_22-23.pdf&ei=yAJIUrXSLOeCiQeqnIGQDg&usg=AFQjCNFEXEpSyvSxlTdykj49DRKBQ8owBw&bvm=bv.53217764,d.aGc&cad=rja


Canaccord's Initiating Coverage December 2012 - Neon Energy on page 8:-

"History

Due to an interesting set of circumstances Neon is in a unique position to be in possession of an extensive geoscience data library. This library covers Southeast
Asia and includes a proprietary 5000 man hour study in California and 1.8 million line km of seismic in South East Asia. This database, in and of itself, is not a big thing for most large companies, as they have their own database of sorts, what makes this unique is that not many companies the size of Neon has one.

The current MD, Ken Charsinsky, who is a Geologist by background has over 30 years upstream experience including Africa mostly in new ventures. Prior to joining Neon Ken was the exploration director for Noble Energy, with some of Neon’s existing assets forming the exploration arm of Noble. When Noble decided to leave the exploration game the assets were placed into a company called Salinas and
was subsequently renamed to Neon Energy."

http://www.google.com.au/url?sa=t&rct=j&q=&esrc=s&source=web&cd=3&ved=0CDgQFjAC&url=http%3A%2F%2Fneonenergy.com%2FIRM%2FCompany%2FShowPage.aspx%2FPDFs%2F1359-93448906%2FCanaccordInitiatingCoverageDecember2012&ei=NQRIUqKuD6zuiAfrq4GwBA&usg=AFQjCNEtpSttJecCJYnbi6SdCBl8xIcl_g&bvm=bv.53217764,d.aGc&cad=rja


"Regional Database

Neon owns the rights to an extensive collection of oil and gas information covering most of the oil and gas basins of Australasia and Southeast Asia. The Database includes over 4,000 reports, maps and well files plus 22,000km2 of 3D seismic and 2 million line km of 2D seismic. Neon has built its own digital archive to enable efficient access to the information contained in the Database. The Database is unique and could not be replicated without considerable expenditure and investment of time and effort.

New Ventures

The Database provides Neon with a competitive advantage in conducting new ventures activities in the region and has already proved advantageous during the acquisition of the Vietnam asset. Salinas proposes to fully utilise both the Database and the experience of the Neon team to seek additional investment opportunities in Australasia and Southeast Asia. Neon has an active portfolio of new venture opportunities and is in an advanced stage of discussion for a second exploration block in the Southeast Asia region."


http://www.energy-pedia.com/news/vietnam/salinas-to-acquire-neon-energy-and-it%E2%80%99s-prospective-oil-and-gas-acreage


http://www.google.com.au/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&ved=0CCsQFjAA&url=http%3A%2F%2Fss01.boardroomradio.com%2Ffiles%2FSAE%2FSAE20090826.swf&ei=-AZIUu2mDqSpiAfj4ICQCg&usg=AFQjCNHOaUUc1A_7zMzPUIy04_cM3qntkA&bvm=bv.53217764,d.aGc&cad=rja