oil search "contacts" worthless...

As usual the market gets pepped up about nearing the 100pj+ of contacts that really are no more than "expressions of interest"..... I mean look at the recent collapse in SGW where so called contacts in the US were just cancelled or renegotiated at lower prices! I did $75K there!
The big winner on this ann. by OSH is Santos.... I wonder how many STO calls have been written the past few days..... there should not be a law against insider trading(as in the US)... because the plain fact of life is:-
You make money on the simple fact of what you know before someone else knows.... THAT'S LIFE!!!!!