NEO nuenco nl

re: we have oil ... perhaps 8cps worth :) NEO have 20% of...

  1. 7,611 Posts.
    re: we have oil ... perhaps 8cps worth :) NEO have 20% of Statesman , who own 12.5% of North Yolumne-1 . Estimated recoverable = 100mmbo ... So 12.5mmbo x 20% x USD20 inground = USD66m , or approx 8c per NEO share.
    Short-term could easiliy trade at 5c until reserves proven up , this is without any value being ascribed to SELH.

    SALTY

 
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