Bazza If you think the market rerates should occur on time or...

Bazza
If you think the market rerates should occur on time or stock prices don't lie dormant even as value increase then there is no reason to invest in the market. I assure you unlike us many analysts do not read every Ann and assess change in value. They will wait for a quarterly or half yearly to update their valuation . Today's news increases the probability of FID , each well has done this and cumulative each success counts more collectively than the success individually. The significance of Bentara is this is the biggest of the 4 fields so success in the second well confirms field size and derisks Balai cluster significantly .
As with most stocks the SP does not follow the news jn a linear fashion, this why a stock can trade flat for months or years then increase 50-100% in a few months

Take the news today for want it is - more derisking or a project that will add likely add 10s of millions to ROCs revenue over many years