sell off, page-9

Its looks like the sell-off had something to do with the following;

COAL seam gas company Arrow Energy has had its biggest share fall in more than a year after saying it was investigating raising funds to build the $2 billion-plus Fisherman's Landing liquefied natural gas project at Gladstone.

The fall, which sent Arrow shares to a six-month low, puzzled some analysts, as Arrow had only $300m cash at the end of June and it had previously flagged a debt and equity raising.
....
Mr Davies did not return calls after the share slump. In January, a restructure of the project with proponent LNG Ltd, gave Arrow full ownership of the LNG plant at Gladstone, as well as the gasfields it already owned. This means Arrow will need to pay 75 per cent of the $US500m ($566m) cost of the LNG plant and associated infrastructure as well as the $1.5bn it said it would need to develop the gasfields and pipe the gas to Gladstone.

Full story here
http://www.theaustralian.com.au/business/arrow-dips-on-plant-announcement/story-e6frg8zx-1225825684296