reason for free fall? This has probably been brought up months ago but the steady downtrend in spite of increased production suggests that possibly the old Shona holders are selling out. Oil has been muddling around for awhile and dropping lately, with Brent finally dropping below $100. So the background isn't rosy. But growing production should have offset the negative news a bit. Instead it's been straight downhill. So I think the Shona shareholders must have something to do with the decline OR a big institutional holder has decided that oil is not the place to be.
Anxious to see Q1 results with the new production showing up in total revs and cashflow. I expect a good improvement, which may allow whoever is exiting to sell their remaining shares. Sure hope so.