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NEO - Nuenco Limited

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Re: Neo : Nuenco Nl

The presentation at Bells Sydney today went well..very credible from reports I have...Tony Kain seems credible...SP stronger today..but wheres the dam Gas!
Appears it may be 3 to 6 weeks before NEO release the true picture...Im backing very good news for those bold enough to be hanging in there!

But Im usually wrong...sorry!..
 
Re: Neo : Nuenco Nl

I hope you are right!!!. Regarding the operator(having not seen such high indications of gas on the mud logs before),pose a threat to the productivity of the well?
 
Re: Neo : Nuenco Nl

Silverfox - sincerely hope you win this months stock tipping comp. In with a very good chance by end of month.
All looking great. Canny (Rakia)
 
Re: Neo : Nuenco Nl

So they have found gas but have they found oil?
 
Re: Neo : Nuenco Nl

Canny...thanks for that. Dont know I managed to get NEO..This will be a very interesting month. Make or Break time for sure.
Im holding and pleased to see her hold up reasonably well against the overall negative market sentiment.
 
Re: Neo : Nuenco Nl

silverfox said:
Canny...thanks for that. Dont know I managed to get NEO..This will be a very interesting month. Make or Break time for sure.
Im holding and pleased to see her hold up reasonably well against the overall negative market sentiment.
Click to expand...
Mime - oil is not an issue yet - the gas in USA is worth plenty. Oil will be a bonus later on!
Silverfox - we have lift off!!!
 
Re: Neo : Nuenco Nl

It seems Tony Kain's presentations certainly havent done any damage! In fact the rise so far today to .042 so far is very encouraging. I read back over the original announcements on the 13-2 well that they are now testing...a lot of off the scale gas shows in the mudlog...so I hope it comes pissing out now when they penetrate that section...which I recall was quite shallow and probably in the latter part of this test program for that well..
Feeling better everyday...and I can tell you are too Canny!
 
Re: Neo : Nuenco Nl

So they havn't found oil?

I know the value of gas but if they found a reasonable amount of oil the stock would be worth much more.

Does the release of recent information mean the stock won't tank if drilling results are unfavorable?

I am definitely excited about this stock. But if it does sink I will be disappointed.
 
Re: Neo : Nuenco Nl

mime said:
Does the release of recent information mean the stock won't tank if drilling results are unfavorable?

I am definitely excited about this stock. But if it does sink I will be disappointed.
Click to expand...

Mime,

The recent releases don't include any flow rates, so really, although positive actually they mean very little.

Neo definately has found gas, if they can't get the stuff out of the ground the share price will be back to 2c in my opinion.They will run out of money in September so they better be able to get this stuff out or else

I think it is pretty well accepted that if flow rates are good which is being indicated then the share price will easily double and the rest overnight, we will see.I hold so have fingers crossed.
 
Re: Neo : Nuenco Nl

Mime - as long as the gas is commercial - which it should be after seeing mud logs and hearing Kains presentation, the stock will take off. The market is just waiting for the word 'commercial' to be included in an announcement, so we know the money will come flowing in as the gas flows out!!
If they can find oil, later this year or early next, that will be great - but the gas is enough for the company to be up there with a decent price.
 
Re: Neo : Nuenco Nl

Nice flurry today...!! and consistent direction..always up! Some largish parcels as she went through .044...I Like!
 
Re: Neo : Nuenco Nl

Broken through resistance at .044 nicely - ready for a good leg up now. It's been at .059 before on rumour - imagine where it'll end up on good commercial results.
Been a happy couple of days seeing the big buyers in. Market confidence is a wonderful thing!
 
Re: Neo : Nuenco Nl

It had a nice rise today.

Hope tomorrow is similar.

I'm still loosing on it though
 
Re: Neo : Nuenco Nl

Mime, you won't be losing for too much longer - Kain is off to the USA in a fortnight and is there until August - they are all ecstatic at the results so far and it's only going to get better is the thoughts coming from the company. Broker presentations are excellent, and I imagine we should be seeing new highs before the end of this month.
Hang in there.
Silverfox should have the tipping comp in the bag!! (I hope anyway! - unless my VTI outsider comes screaming in with a contract in time!)
 
Re: Neo : Nuenco Nl

Its a good day!!! Looks like some profit takers pulling her down in late trade but the instos are still queing up to get on...there should now be regular announcements as flow rates stabilise and more gas comes pissing out!
Thanks the gods
 
Re: Neo : Nuenco Nl

Canny..I hope you are right about the tipping..in the meantime well done with VTI and I hope they get the deal you are aware of. I doubt NEO will run up into the 5s real soon but by month end with a few more positive anns re flow rates who knows where she will go...its exciting times and I wish all NEO supporters that have stuck in there the success they deserve.
 
Re: Neo : Nuenco Nl

If either FAR or NEO come out with flow rates and they're anything close to what's expected they should win this month, however I'd expect a sell down in FAR today as traders grow impatient waiting for results. This isn't a bad thing necessarily as I will hopefully get a fill down in the depth to pick up some more.
 
Re: Neo : Nuenco Nl

For those of you who visit Hotcopper I belive you may also suspect the reliability of some posters to that site. Nevertheless there is an individual known as Chand who has been very accurate in his predictions of company announcements - timing and content.He rings up people in NEO and OPL and seems very clever at getting some clues. For what its worth I note he is now predicting a major announcement around mid week which will indicate gas reserves are much bigger than previous estimates. Hope he is right.
I also note that the initial flow rate of 1mil mcf per day from only 17 feet of perforation on 13-2 is a very good flow by californian standards..
 
Re: Neo : Nuenco Nl

I would be very cautious giving anyone too much credibility for getting one or two calls right in the past. It's a great way to lose money.

Chand dropped in and made a big call on a thread I had been quietly following on HC and turned out to be wrong on the timing and only time will tell if he's right on the content.

Your money. Your research. There's no easy way to play this game.
 
Re: Neo : Nuenco Nl

Doc,
Thanks for your advice. Lets see if Chand is right or wrong on this one anyway.

NEO held up in very dismal market sentiment yesterday.
 
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