Neon Energy is in trading halt and will be worth watching over the next few days

James Marlay

Livewire Markets

Neon Energy is in trading halt and will be worth watching over the next few days. The Company will release the results from production tests at the Cua Lo gas discovery. Currently suspended at $.28 Neon hit a high of $.41 following the initial discovery; no doubt there will be substantial interest in the production results. This is from September when the Company first encountered gas.. Neon Energy NEN is up 25% today whilst drilling a high impact oil and gas target off the coast of Vietnam. The junior oiler has partnered with ENI on the drilling of an offshore block surrounded by oil and gas producers. In a release to the ASX today Neon advises they have encountered a substantial kick whilst drilling and has had to make adjustments to the well. The sign of hydrocarbons has sent the stock racing, check out the release here (VIEW LINK)


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James Marlay
Co Founder
Livewire Markets

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