From July 2012 to Feb 2013 the share price went from around 3c to around 12c. The company was drilling the Rosewood well at the time and it looked promising through to early 2013:
"Flow rates averaged 780 barrels of oil and 1,700 Mcf per day in the following twelve hours with less than a 15% water cut".
I understand they then had some drilling issues and damaged the well and it all went to sh*t for Rosewood.
They haven't drilled since then.
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From July 2012 to Feb 2013 the share price went from around 3c...
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