Creative,
They had a blow out of a well D&L1 and it spewed water, oil and gas for a few days. Mantle was the operator and there was mention of a class action, by locals over it but not sure what came of it. A relief well was used to plug the hole and that cost a bit also. Check the announcements around Sept 20th. Around the same time they started a CR by spp and because of the blowout that had to be delayed a few times. Both combined to send the sp into a spin and imo drove the price below the intrinsic value of the company. The price has been kept around 0.5c until the rights issue was squared away recently.
All from memory so please check the announcements for the full story.
how could it take 150 days, page-11
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