re: Ann: Daily share buy-back notice - Append... Why would they...

re: Ann: Daily share buy-back notice - Append... Why would they propose a 100mil share buyback if they didn't have large shareholders clamouring to get out? - it just doesn't make sense to me as it's a complete waste of legal costs in drafting the Explanatory Statement.
Overdue an announcement on the success or otherwise of the fourth Cherry Canyon well that was due to spud on 2nd Dec - it'll be interesting to see if they manage to frack any of these wells before the Xmas holiday season - unlikely I'd say.