Jonathon told us we had to become self funding by the end of Q1. Thats only 30 days away. Given where things stand with projects and potential customers I dont see that happening. Good luck to all. What a long strange trip its been!
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Buyer for what? A group of hangers on with a couple of losing assets in Argentina? Best plan would be to eliminate traditional NEOS and spin SIG into a self sustaining consultancy.
Good luck finding a greater fool to buy a whole lot of nothing!
heard managment was in houston at cera week trying to find a buyer. hope it happens soon as the uncertainty is taking a toll on me and my family
Bright side is that the timing works. Get the houses on the market in the spring, kids finish school year in CA/CO and start fresh in HISD in the fall
ahh.. Neos-fear.. the blackbox.. shove the data from 1 side and watch the crap come out the other side .. with the press of a button.. . hire monkeys to provide data !!! tried ,tested and dropped idea by all the majors. butt.. Neos-fear is the JJHONNIE come lately .. new kid in town.!!!..... can they pay monkeys to afford starbucks??
No way anything closes by the end of the month. Just another lie from management. Remember all the other sure thing closings that never happened - B3 round, Goldman bridge loan, Caymans bond, Nicaragua, Kenya, Fugro, Cyprus, Lebanon licensing, east coast scan, Permian scan, Saudi mining, Kazak subsalt, Nequen Phase 4? Add this to the list.
Doubt baknruptcy declared on 3/31 as that just requires more cash we dont have to the bankers and lawyers. Instead expect an extended period of freebie work while JF/JH come up with another scheme that has no hope.
Face it people - noone wants what we sell. Stay if you like working for free. Or if you like working for free consider volunteering for a civic cause that will help some folks who need it not a couple goldman guys hiding out in monaco and palm beach
1iyx - what about the value of the data libraries drilling targets and proprietary technologies? Surely those are worth hundreds of millions
Maybe we’ll be sold but what is there to buy? 5 geoscientists if you ignore the overhead. A buyer could just offer these people job and be done with it. No reason to take on the baggage of neos co.