While this CR came as a shock to me, I wouldn't necessarily regard it as a bad thing either. Just unhappy with the timing based on info available to the market.
Previous CR was at $0.0075 with options attached but we are now trading at $0.035 because of progress made on the Jewell well. It's highly likely that the same will be repeated with this CR at $0.03 (with options attached) based on progress that would have been made in the coming weeks and months on Jewell, Rangers and Flames.
It'll be unwise to sell because of a CR.
Ann: Trading Halt, page-115
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