I don't believe in any management conspiracy to drag the share...

I don't believe in any management conspiracy to drag the share price down.

If anything, the downturn could have been caused by some shareholders selling to their own related holdings prior to the end of tax year at lower prices.

The management team are all going to have .10c payments for the OXXCB's due in December so it is in their interest to get the price back up. They hold quite a swag of partly paids.

I would think a reason for the recent dividend payment to shareholders in the form of CUE and Petrel shares was to assist management to make their .10c payments. They could then sell those shares individually on the market before December for their cash contribution towards the partly paids. The main problem with that plan is that CUE has also been hit with a share price reduction from .29c to .23c.

It was disappointing that Winchester has been portponed until first quarter 2013.

Compounding the share price problem is news that, by its own timetale, the Noble Clyde Boudreaux drilling rig being used by Shell (Palta well) will not be delivered until early November 2012. Hopefully Palta is the first well to be drilled. Wasn't this well suppose to have been started by August 2012? Maybe this is the reason for the downturn in share price.