I read posts on many forums, just as an observer, and have taken particular note of the QBL forum which has undergone a quite remarkable week. When I see the grilling that the company received from the ASX relating to "compliance with Listing Rules" that has blown the SP out of the water, it intrigues me that there seems to be a lack of consistency with such demands when you also read an announcement from a company that includes these sorts of comments by their CEO.
"Dr. Mark Hart said, the early flows are significant and it would appear that drilling has intersected a large, naturally fractured and over-pressured oil reservoir as the oil “spewed out” of the well bore and covered the rig and the crew.
If you or I came out with this in a post on HC, we would be modified on both the grounds of "ramping" and more importantly, "unsubstantiated information".
The sooner a follow up is made regarding that announcement the better, as it is clearly unsupported and speculative. They did have to announce the "spewing" of the oil, but, really should have called a T.H. and used those few days to disseminate as much substantive information as possible to include in the announcement to mitigate unnecessary speculation that does no one, other than "opportunists" any good.
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