JD, I disagree with wgp not saying its a big find. 11-10-2007 12.36pm almost 7hrs after he had received news from the usa. "At 3.45am perth time the drilling penetrated the top of the Stones River Formation directly below the pencil cave and PROCEEDED TO FLOW LARGE VOLUMES OF PURE OIL TO THE SURFACE."
"The well could not drilled any further due to the oil flow and the well was secured as a producer." (Stephen Thomas, Managing Director).
Less than 24 hrs later our MD sells 10% or 1 million shares at 33.5cents , now trust me he would have a fair idea of what is there. I hold and i have a problem with this. Please cast your mind back to 2003 when director Anthony Rechner of EBR mislead the market with an announcement. Narrowly escaping a jail term .The market will not like this tomorrow !!! Bugger.
Magorgan.
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