Innaminka is one of the few junior oilers who I regard as overpriced (asset coverage would mean share price should be in the 60-70c range).
It's just announced an unexpected miss for Yarrow 2, alongside their Yarrow strike...which along with their Flax success caused the stock to jump almost $1.
Watch how long it takes for the news to filter out & the stock to react (downwards)....
It;'s what I like about oilers. If you get the news when it appears in ASX announcements there's often one-two days to position before the market goes whoompa!
BTW - this failure also has medium term implications for Stuart Petroleum, who also has assets in that general area. I don't expect Stuart to drop however, they're becoming a very strong sub-medium oiler