From memory, it seems almost the same to the lead up to...

From memory, it seems almost the same to the lead up to Norwest's (NWE) shale gas farmout a few month ago.

It came out in the Indian press that the deal was going on. NWE denied it but not long after that Bharat Petroleum were announced as the farminee.

No shortage of leaks in the Indian market's i think!

Makes me think about how easy it would be for them to manipulate the market. Buy up on MMR, BUY, GBA and BPH. Drop the story in the media over there, wait for the word to spread to here and then sell into the news.

I'm suprised D.B didn't take the chance to give it a bit a ramp and say "we are in discussions with multiple parties"

Some part of the story has to have legs...