Halt I'm not an expert, and I may be wrong....but I think their news release had too much forward thinking wording in it. Specifically this part:
"The favourable terms under the Profit-Sharing Agreement with the Government of Gabon covering the concessions under the Letters of Intent, combined with the current favorable oil prices is expected to allow the Company to recoup all of its advance payments and capital expenses on an expedited basis after commencement of production. The postivive cash flow from these concessions can then be used to organically grow the Company's oil assets without the requirement for any further diluting financings."
this (I think) was too predictive in nature. I'm guessing the exchange didn't like that. Doesn't mean it's not true. But I think the exchange doesn't want companies predicting outcomes. Even if it makes sense.