Honestly, I find it an interesting bias/subjectivity of investors who look at a meteoric rise from 10 cents to 70 cents as the market NOT indicating that oil was there and would be found...
...but a drop from 70 cents to 50 cents as indicative that only biogenic gas was found.
Why is one due to hype and behavior...
...but the other due to sound market efficient hypothesis?
Seems like a double standard whereby market efficient hypothesis is applied only selectively where it "works" and after the fact.