Not necessarily guys.
Have just got off the phone to the Company and they said the announcement was neither positive, negative or neutral.
They said the operator had simply informed them that they were drilling ahead, and so they announced as such.
Easy to interpret as a negative I know, but I wouldn't be so quick in jumping to conclusions.
I thought it interesting to see how quickly that off screener jumped in with the order for a million at 10c.
Bigger money seeing the opportunity perhaps.
Ann: Roc-1 Well Update, page-5
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