"Quest is in a trading halt as the Company believes that it is a prudent ......"
Whether the information coming out pre opening tomorrow is good or bad then it certainly is prudent for QPN and the the other Aussie small oilers to go into a Trading Halt.
Obviously there is some logging and testing going on and it is advisable for the Aussie oilers to cease trading till the announcement is made. Any leak of information prior to the official information would be very unfortunate.
The thing is that whichever way the announcement goes then the impact on the share price for any of the Aussie oilers involved is going to see a significant shift.
For CAZA then the effect will not be so dramatic in my opinion. They have a number of other ventures and operations going on and are not so dependent on the outcome of this one well.
A Trading Halt for the Aussie companies makes sense. For CAZA it is not so vital.
at 15462 feet and logged, page-57
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