RE: Attachment23 Aug 2019 15:52
I have already made my points on numerous occasions. I suspect there is something wrong with well 16az and that is why they are keeing quiet and have hired an outside expert to try and resolve whatever challenge they are facing.
If this is true, I can see the 90-120 days cleaning only a stalling tactic. Imagine the company turns around and announce bad news to surprise the market. Maybe the production figure dropping off, maybe they are experiencing other technicals for them to pump the oil
The company will only do one of the two things in my opinion.
1) stall the market and try to make it work
2) shift focus elsewhere
At the moment, we just have to wsit and find out but the pieces of evident are there. Even Malcy, an expert with 30 years experience says its 'quite rightly suspicious.'
Only when the company decides to give an update via RNS, then it will all become a reality