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Ann: Change of Director's Interest Notice - Scott Brown, page-8

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19,195 Posts.

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21/12/18

14:40

Post #: 36936331
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Originally posted by hanabi ↑

Originally posted by Tully8282
Well SB will have some explaining to do when I call in the new year. Selling options and buying shares? All seems confusing to me. In any case he has a bucketload of incentives to get these two wells flowing beautifully!
Tully it suggests to me that Scott believes he won't have good news for we shareholders prior to the RLEOA's expiring, and that suggests a long delay in releasing the flow test results. And if delayed, you can't discount the possibility of water ingress (minor or major). It's certainly difficult to put a positive spin on it.

I was hoping for multiple good news reports just prior to expiry of the RLEOAs to get them over the line, because they will be (would have been?) a large source of funding for future well drills.

Who knows, perhaps he just needed to buy is lady a Christmas present (PS that is a joke).

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A wink is as good as a nod. On the basis of this announcement I sold my last 100,000 OA and spent the proceeds on OB. Why else would he do it.

RLE Price at posting: 7.8¢ Sentiment: Buy Disclosure: Held
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Ann: Change of Director's Interest Notice - Scott Brown, page-8

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