BCC.ax got whacked, and like you say, not sure why.
Negative factors for all oils are lower trending oil prices, but Buccaneer operational performance seems to be disappointing vs. investor expectations which the company set too high.
The considerable delay of drilling plans on the expired lease may be contributing to the falloff in Australia (if they can work things out with the DNR).
Basically investors seem to be losing patience with any stock that does not measure up to expectations (e.g., MMT.v, POE.v, PNY.v, etc).
Might as well just "hang in there", since that's about all you can do (besides cursing like a sailor/buccaneer while taking the losses) when a company leaves you hanging.
'peeker
Focus Focus Focus Focus !!!!