Well the morning trading has stabilised the share price with a stalemate between buyers and sellers. Let's hope the afternoon does not see massive dumping. This article from Proactive Investors seems like a reasonable analysis of the announcement which is in contract to many of the negative articles from the UK that many on the LSE threads have chosen to highlight. Yes the delays are disappointing but without a production flow test yet, I think there was an overreaction yesterday by those possibly burnt by the previous well failure. Maybe OEX could do better in communicating the good news first and the not so good news last, wording is important when it comes to these announcements as I am of the belief many traders only gloss over the first few sentences of statement without taking time to consider what the company has to say.
OEX Price at posting:
10.0¢ Sentiment: Hold Disclosure: Held
