I really don't think the trading in this stock is true value based on the small volume/value most days. I think its people selling down their exposure due to the delays. Maximusminimus I think your quiet right in saying that they are not fully prepared.
Quote from recent announcement on the 18th;
"Drilling information and petrophysical analysis suggests that the upper Blue zone has the strongest hydrocarbon potential within the entire Lempuyang-1 well. The Blue zone test is set to commence shortly, once additional testing equipment becomes available."
AED Price at posting:
30.5¢ Sentiment: Hold Disclosure: Held