I find it hard to believe that the $551k would have been spent on a drilling campaign which FYI hid from the market. I think the more likely scenario is FYI is getting the asset ready to divest (either via sale or IPO). Roly and Andrew Spinks are very close so the fact EGR is doing it lends me to believe FYI will also go down this route.
If someone is on good terms with Roly perhaps they could send an email to find out what's going on.
FYI Price at posting:
25.0¢ Sentiment: Buy Disclosure: Held
