Not necessarily saltocan, The share price on 6th Jan (spud date)...

Not necessarily saltocan,

The share price on 6th Jan (spud date) opned at 6.7c, by the end of the day it was 6.1c, a pretty hefty fall, but gee they can drill quick if they already know its a failure by then.

The 16th of Jan was the last day that the share price opened at above 5c, so again they must have drilled damn quick to know there was no black gold in the well by then, 10 days and the share price was down by 25%, yet there is no way they were even close to the reservoirs they were targeting.

Since then, the share price has drifted down on low to medium volume, nothing major (in fact the only major volume day greater than 10m the share price actually went up!!).

My conclusions are that no one really knows. The share price fell way too quick for it to be related to the Sunbird well (25% in just 10 days after spud) and since then light to medium trading volumes actually suggests most are sitting on the sidelines during drilling, and frankly I would expect that.