The purpose of this study was to show that the thermal properties of foam neoprene under hydrostatic pressure cannot be predicted by theoretical means, and that uni-axial pressure cannot simulate hydrostatic compression. The thermal conductivity and compressive strain of foam neoprene were measured under hydrostatic pressure. In parallel, uni-axial compressive strain data were collected. The experimental set-up and data were put into perspective with past published studies. It was shown that uni-axial compression yielded strains 20-25% greater than did hydrostatic compression. This suggests the need for direct hydrostatic pressure measurement. For comparison to hydrostatic experimental data, a series of thermal conductivity theories of two phase composites based on particulate phase geometry were utilized. Due to their dependence on the porosity and constituent thermal conductivities, a model to predict porosity under hydrostatic pressure was used and an empirical correlation was derived to calculate the thermal conductivity of pure neoprene rubber from experimental data. It was shown that, although some agreement between experimental data and thermal conductivity theories was present, no particular theory can be used because they all fail to model the complex structure of the pores. It was therefore concluded that an experimental programme, such as reported here, is necessary for direct measurement.