This reaction seems quite kneejerk. The announcement 1. was expected and 2. confirmed that drilling is proceeding as planned. There was no confirmation of anything other than that.
Seems a little illogical to me. Obviously an amplified impact of Dow overnight, excess emotion in exit trades and stop losses crystalising but still don't agree with direction.
For what it's worth, after such a pullback in the share price and at such a small market cap, I'm happy holding.
OEX Price at posting:
16.5¢ Sentiment: LT Buy Disclosure: Held
