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NEON ENERGY LIMITED (NEN)


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General Information
Company Name: Neon Energy Limited
Stock Code: NEN
Website: www.neonenergy.com
GICS Sub-Industry: Oil & Gas Exploration & Production
Market Cap ($M): 143
Equiv. Shares (M): 550

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
 $ 0.255 $ 0.270 $ 0.270 $ 0.255 $ 0.270 951,668 $ -0.015  -5.556 %

Company Overview

Business Description:
Neon Energy Limited (NEN) is an oil and gas production and development company with oil and gas interests in Vietnam, Indonesia and California. Its production assets are in the North San Ardo oil field, located in the Salinas Basin, onshore California.

Strategy Analysis:
Optimise oil recovery over coming years and maximize asset value of the North San Ardo forward development program. Complete the Paloma Deep exploration well. Commence appraisal activity at Central Paris Valley. Continue new ventures in Southeast Asia and California, and commence drilling operations in Vietnam.

Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2014  F -3.2 -0.6 -- -- -- 0.0 --
2013  F -5.3 -1.1 -- -- -- 0.0 --
2012  A -2.0 -0.5 -- 0.0 0.0 0.0 --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2012 A 2013 F 2014 F 2012 A 2013 F 2014 F 2012 A 2013 F 2014 F
Beach Energy (BPT) $1,534 M 0.7828 -0.2483 0.1432 11.4259 15.2010 13.2967 0.0186 0.0186 0.0186
Neon Energy (NEN) $148 M -- -- -- -- -- -- 0.0000 0.0000 0.0000
Oil Search (OSH) $10,841 M -0.3691 0.0607 1.8198 73.2790 69.0863 24.5003 0.0048 0.0050 0.0050
Santos (STO) $12,401 M -0.1141 0.3991 0.2473 28.5587 20.4127 16.3655 0.0233 0.0233 0.0233
Woodside Petroleum (WPL) $30,872 M 0.1834 0.0140 0.1160 15.3811 15.1682 13.5914 0.0334 0.0530 0.0588

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
NEN 3.00 -- 1.83 10.00 7.24
Market 1.08 12.7 0.89 1.87 2.60
Sector 1.36 15.1 0.77 2.18 5.20

Directors
Name Position Start Date
Mr Kenneth Charsinsky Managing Director 27 October 2009
Mr John Hugh Russell Lander Non-Executive Director 27 October 2009
Dr Alan Stein Non-Executive Director,Non-Executive Chairman 27 October 2009

Management
Name Position
Ben Newton Chief Financial Officer
Iain Smith Commercial Manager
Gabriel Chiappini Company Secretary
David Cliff Exploration Manager
Donald Nelson Resident Manager (USA)

Calendar of Events
Date Event
29 April 2014 Report (Annual)
29 April 2014 Report (Quarterly)
27 March 2014 Report (Annual)
27 February 2014 Report (Prelim)
30 January 2014 Report (Quarterly)
30 October 2013 Report (Quarterly)
23 October 2013 Report (Annual)
30 August 2013 Report (Prelim)
29 July 2013 Report (Quarterly)
© 2011 Morningstar, Inc. All rights reserved. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for use or distribution of any of this information. To the extent that any of the content above constitutes advice, it is general advice that has been prepared by Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892 (a subsidiary of Morningstar, Inc.), without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain financial, legal and taxation advice before making any financial investment decision. If applicable investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). DISCLOSURE: Employees may have an interest in the securities discussed in this report. Please refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/fsg.asp.

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