Ann: Zapato-1ST Drilling Update, page-262

1. Is MAY aware of any information concerning it that has not been announced to the market which, if known by some in the market, could explain the recent trading in its securities?
Er no...
2. If the answer to question 1 is “yes”.
(a) Is MAY relying on Listing Rule 3.1A not to announce that information under Listing Rule 3.1?

Please note that the recent trading in MAY’s securities would suggest to ASX that such information may have ceased to be confidential and therefore MAY may no longer be able to rely on Listing Rule 3.1A.

Well of course it has...


Accordingly, if the answer to this question is “yes”, you need to contact us immediately to discuss the situation.
(b) Can an announcement be made immediately? Please note, if the answer to this question is “no”, you need to contact us immediately to discuss requesting a trading halt (see below).
(c) If an announcement cannot be made immediately, why not and when is it expected that an announcement will be made?
Not applicable
3. If the answer to question 1 is “no”, is there any other explanation that MAY may have for the recent trading in its securities?
The Company has been made aware of comments on share trading discussion platforms including claims that emails have been sent from Cuba by the Company. The Company confirms that it has not sent any emails to shareholders.
The Company is not aware of any other explanation

Up until this morning, no.. However in light of recent events we would like to amend our presumption to the previously posted note the following.

We: Is now taken to be Melbana, Sonangol & by way of association CUPET and of course VOGC.. cudos


Believe: Is still taken to be something with an undeniable double meaning both of which are currently without certifiable proof..
"As in who honestly believes that knackers about an email being the cause of a 5x jump in vol and 40% increase in SP?"
Or
"All parties believe there is an undeniable incentive to continue drilling in search of hydrocarbons thus proving our thesis correct"


Must: Is now taken to mean something that is logically very likely unless of course it is greater than 24 hours old, at which point the exact opposite is taken to be true and it becomes completely illogical.


4. Please confirm that MAY is complying with the Listing Rules and, in particular, Listing Rule 3.1.
The Company confirms that it is in compliance with the Listing Rules and in particular, Listing
Rule 3.1

"Other than to not monitor for longer than 8 hours the time taken to digest material issued under asx rule 3.1 by an otherwise clueless illuminatus"

An entity which is relying on Listing Rule 3.1A not to disclose information about a market sensitive transaction it is
negotiating should as a matter of course be monitoring, either itself or through its advisers:
 the market price of its securities and of the securities of any other listed entity involved in the transaction;
 major national and local newspapers;
 if it or its advisers have access to them, major news wire services such as Reuters and Bloomberg;
 any investor blogs, chat-sites or other social media it is aware of that regularly post comments about the
entity; and
 enquiries from analysts or journalists,
for signs that information about the transaction may no longer be confidential and have a draft letter to ASX
requesting a trading halt and a draft announcement about the negotiations ready to send to ASX to cater for that
eventuality. The closer the transaction gets to being concluded, the higher the risk of leaks and the more diligent
that monitoring should be.
In relation to the second component of Listing Rule 3.1A.2, ASX may form the view that information about a
matter involving a listed entity has ceased to be confidential if there is:
 a reasonably specific and reasonably accurate media or analyst report about the matter;
 a reasonably specific and reasonably accurate rumour known to be circulating the market about the
matter; or
 a sudden and significant movement in the market price or traded volumes of the entity’s securities that
cannot be explained by other events or circumstances. ??? "on the day, not before or after, on the actual day"

The mind boggles... Anyway, whatev's...