Yeah my view is that if there is no announcement by now there will not be one.
I think that probably some of the partly paid came out today and was the catalyst for a bit of an unwind of loose stock and those that couldn't hold their nerve. Just a herd as above.
There is no way there could be any news on any of the prospective formations as they have not drilled for long enough as yet. It is possible there is some technical problem with the well, like casing or drill string problems or bit loss but I doubt it as it would have been announced already.
I expect it to close in the high 30s tomorrow.
very disappointing but should come back.
Sell down, page-32
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