Stop Loss Triggered??
Sudden drop to 1.21 and then bounced back immediately.
Looks suspiciously like someone viewed an opportunity to sell down to a stop loss level and pickup cheaper shares. Even with the market volatility that dramatic a loss doesn't fit in with the recent drilling success.
My personal strategy or "absence of one" is simply to hang on and wait until all of this nonsense settles down a bit.
I do not claim any personal depth of knowledge but it has certainly been stated by others that "stop losses" do not usually work on the venture exchange. They bite more often then they protect.
Onward and Upward.