Firstly, read on what it means to be reclassified from an...

Firstly, read on what it means to be reclassified from an exploration to production company on ASX for reporting purposes. This will give you a fair idea why they have been reporting on qtr bases instead of monthly since beginning of 2012.
Secondly, they said that they would focus on testing rather than in field development for temporary period of time. I put it to you plainly this way: if you decided to look for commodity in the desert anywhere in Oz wouldn't you rather do some testing before deciding on buying a shovel and madly digging In the middle of nowhere? :-))
Thirdly, any impact of increase in their drilling operations will not be seen till first qtr of 2013
Finally, you sold the stock lost the money move onto another stock.