They did announce the intention to drill so it has been covered.
Remember that they announced the gas ratios when they did the water drilling - not when they commenced drilling. So we do have some sort of precedent.
To be honest, an announcement that drilling has commenced is a bit of a fluff announcement. Be like a bartender telling you they are about to turn on the tab after you've ordered a beer.
I will never get the markets. I do understand that people sell for different reasons. Why would go through the last 2 years of waiting and then sell a few days before drilling results are due - especially, when all the pointers are saying there is a huge chance of success?
BNL Price at posting:
5.1¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)