re: Ann: Cambay-77H Well 4 1/2 inch casing se... If there was a...

re: Ann: Cambay-77H Well 4 1/2 inch casing se... If there was a material issue with 77H, the directors are obligated to disclose it to the market as soon as they become aware of it. If they don't, they can be prosecuted and even receive jail time.

Yep that's the theory. The reality is something else. Regardless I don't think the company themselves are at a stage of knowing the commercial status of this drill, so it's hard to believe that inside information is selling on bad news. Appears more a case of rising to quickly, attracts traders, traders subsequently sell out. As someone mentioned the volumes of the last two trading days were quite low. I am however surprised at the treatment of the options. Closed at 1c, its lowest in over 3 and a half months.