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Hi all,

I am sure relative to what could have happened that this is a fair result.

But it is important to remember that with these spec plays it is really all about expectation. It seems that in this case the expectations of the market over the last week have been greater than what was delivered.

This is why the price has dropped. Also, as the expectation of a large gas and oil find have gone down significantly the price may drop a little more.

I cannot see anything other than a slight bounce of an oversold low.

Sorry - but that is how the market works.