Neon completed of 2D seismic acquisition operations in Block 120 and Block 105-110/04 offshore Vietnam. The Aquila Explorer seismic vessel, contracted from Seabird Exploration, ceased operations on Block 105 on 12 June 2010.

The 3,827 km seismic campaign was conducted as planned, during an extended period of excellent metocean conditions, and was completed without any Health, Safety or Environmental issues, well within budget and some 16 days ahead of schedule.

Early indications are that the favorable weather conditions and the 6 km solid streamer recording cable have combined to provide a significant improvement in seismic data quality, compared to the 1993 vintage data. Processing and interpretation of the new data is anticipated to be completed by year-end, with a view to ranking prospects for drilling consideration thereafter.

Neon's Managing Director, Ken Charsinsky commented, "Neon is pleased to have achieved its first offshore operations campaign in such a safe and efficient manner, and Seabird Exploration is to be congratulated for conducting such a professional campaign. Initial indications are that the new data is of excellent quality and this will greatly enhance our prospect definition and ranking efforts. Neon began planning for this operation early in order to ensure seismic acquisition during the optimal weather window for the region, and that effort has clearly paid off."

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