According to Sources: Ranhill Strikes Oil!!!!!!!!

Posted on Star Business: Ranhill Bhd strikes oil

• Monday June 18, 2007
  
  Ranhill Bhd strikes oil
  
  By JOSE BARROCK
  
  RANHILL Bhd and its joint venture partners are believed to have struck oil in the Citarum block off West Java late last Friday, according to sources familiar with the company.

Are believed! According to sources!

How about publishing who these sources are?

• It is understood that the top brass at Ranhill are pretty upbeat with the prospects at the Citarum block, with the company having struck black gold after only some 6,000 feet of drilling, which substantially beats earlier projections.
  
  StarBiz understands that Ranhill may make an announcement pertaining to the discovery of oil as early as Wednesday to the Bursa Malaysia.
  
  “It’s quite a big oil field, possibly in the region of 350 million barrels, which is almost five times what was initially estimated.
  
  "It’s also quite promising in that the find comes after only about a month of drilling,” a source familiar with the ongoings at Ranhill said.

Now Ranhill is now UP a whopping 28 sen because of this news based according to sources!

So if this news is DENIED by Ranhill, then how?

Another thing, why is our news reporter reporting before Ranhill Bhd?

If this story is admitted by Ranhill, then we need to address who are these sources leaking this news to the newspaper.

And also if these sources is able to obtain such stock market price sensitive information, then shouldn't we address the issue of what if certain parties had obtained these info and profited from them? Doesn't this constitute insider trading?

How?