News? I agree with all the other posts on news. We were all told the same story. The only resaon I hold some shares is that one day they may accept a bid for the company that is higher than the currrent share price. Or a company could make an attractive drilling-partnership offer.
IMHO They thought they could drill one well and take advantage of the near hysteria that existed for a while over Afican oil and get a heady buy out price. However, the oil markets area lot calmer at present...