According to Bloomberg: Ranhill Denies!

Posted this morning. http://everything27.blogspot.com/2007/06/according-to-sources-ranhill-strikes.html

Well, I was alerted by my dearest cousin, Tucows about a news clip posted on Bloomberg. (here )

• June 18 (Bloomberg) -- Ranhill Bhd., a Malaysian engineering company whose shares surged 30 percent today, denied a report that it struck oil in an area off West Java, Indonesia.
  
  ``There's no commercial oil and gas show as yet,'' Chief Operating Officer Amran Awaluddin, said in an interview in Kuala Lumpur today.
  
  Ranhill shares jumped after the Star newspaper reported today that the company and its partners have found oil after drilling 6,000 feet, beating earlier projections.

How?

Ranhill was up a whopping 54 sen or 29% just because of that "according to sources" article published this morning!!!!

If Ranhill tanks later, how?

Now tell me, what do you think of that news article published this morning?

Should SC investigate the reporter and his sources?