trading in this company seems odd, page-22

From iii Caza forum, re Sonlite update:

"It is a weekly requirment, no matter what info they have. It's a term of drilling in Louisiana that they update every Monday to the local office via email with an on-line form. It is then up to the office to update sonlite so the delay should be down to the office only. It's the middle of the night there and so if it is to be updated today, then it will be after 4pm. They are required to report to the office with the data from the prev 7 days, so up until Sunday. If there was anything untoward, then it means CAZA & partners have sat on the info since last week, which is not likely. They can only stop reporting once they have reported status p&a or Completion, but the report to show this status would still appear to confirm the status code change. The fact we don't have an update is only down to the local environmental office not putting the data on the system yet, nothing more.
If this is a panic sell due to sonlite not being updated then folks need to do a bit more research before jumping to a decision.
CAZA are required to report every week until the code on the monday changes to a 10 or 29. We have and won't get either for a couple of weeks.
JD"