I sometimes read Adam's posts but the sentence structure tends...

I sometimes read Adam's posts but the sentence structure tends to do my head in but I can see where he is coming from but I just don't think the Market believes what ever OEX announces to the market.  If we read into those series of announcements we can now see the wheels started to come of OEX as early as 21st August and September 17th. If we quote directly their own words  "We remain very positive about Cambay-77H and look forward to getting through the water recovery and into the production testing phase of our proof of concept well."   They key words being: "We remain very positive..." in other words they new something was wrong and were hoping to fix they problem.  Anyone that did not get out by the end of August would have lost money as the share price headed into the abyss in September and October with confirmation of failure this week.  The 3 month chart really tells the sorry story of 77H failed to meet expectations.  Even reading the Patterson's Research Note from 5th March 2014 and they were expecting flow rates at 2  - 3 mmcf/d plus condensate and the latest announcement 0.5 - 1 mmcf/d is well below expectations thus the market giving this a flogging.