No more good news please

[admin]

There is a mention of a water contact, no mention of porosity, they missed the sweet spot, the flare is little?

If a discovery was expected you could be onto something here. There isn't any mention of a reef or dolomite, but then again, this isn't the sweet spot either, apparently.

I usually don't pay too much attention to short-term stock price swings, as the information these provide is more limited than many people seem to think, but today is quite a marked development on reasoably high volume.

Perhaps it's just simply that the discovery isn't sufficiently spectacular to generate much new buying and shorts taking advantage of that, and the general weakness in energy these days.