hmm should not matter re the timing, continuous disclosure...

hmm should not matter re the timing, continuous disclosure requirements require the directors to inform shareholders of material activities.

I'd say putting on hold a drilling program that you had previously announced, to take on some contract work is material.

Even if the contract work itself is not for a material sum, the delay in the drilling program is, ie failure to explain the delay can mislead the market into imagining other problems

Dazzler