In the past, there has not been trading halts (as far as I can recall) for water drilling results - maybe that has changed.
I suspect it could be the Enterprise well results which were not released due to confidentiality clauses. I suspect that the release has more to do with the depressed SP rather than a desire by the company to release the news to its shareholders.
See, I am becoming a bitter old man
Hey, if the SP hits 30 cents on the news, then a yes vote is entirely OK with me.
Ann: Pause in Trading, page-13
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