Neon Energy NEN is up 25% today whilst drilling a high impact oil and gas target off the coast of Vietnam

James Marlay
James Marlay Livewire Markets

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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