Ann: Winchester-1 Spud Announcement , page-4

Because generally the O and G sector especially at the penny dreadful end is dead.
Trading is so thin day traders stay away.
No or very little stock to trade.
Company has no profile.
Geoff has a grip on the company which some see as a negative, (but I don't). Seen too many penny dreadful oilers spend other peoples money, comming back time and time again cap in hand. Geoff spends his own money. People believe that this will be another duster, or there will be another f@#kup which seems to be par for the course atm, at least in the drills that I have been following. So fair enough. The SP is the SP.
Actually OXX has performed pretty well considering the 4c dividend in Dec 2011 and the 5.6cent dividend fron the CUE and PRL share in early 2012
Still got three free carried drills in the pipe, Palta, with it's problems, Winchester, just kicked off, and The NZ drill latter in the year.

Biggest thing for me is that, Winchester is not a wildcat. It was a discovery that was not logged due to an anchor chain breaking some years back.
Who knows! Sure am tired of being dissappointed in this industry but am as optimistic as one can be. Time will tell.