Recent selling in OEX explained. Director had to Exercise 1m options @20c by today. He sold 200k of heads at $1.4 to fund purchase and tax implication
No wonder the shareprice has been so weak. Should have a nice spurt with this seller gone, unless other directors in similar position
However, one must ask whether timing of trades represented insider trading if he knew non-public information about Oman and Cambay drilling activities.
OEX Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held