There are only 2 main events that the share price can rocket (or...

There are only 2 main events that the share price can rocket (or 3 if gobbled up by an oil major because of the cash pile.)
1) The POO north of $ 60 - that will make the oil find in Brazil profitable and worth developing otherwise it is a dead duck even with the success of upcoming appraisal well campaign, 100 m 200 m 500 m barrel of oil proven is irrelevant, not viable at current foreseeable POO.
2) Change of board / management - sitting on big pile of cash with no strategy plans (short / medium / long term) to improve shareholders value is pretty much useless. Was $ 540 m last year , $470 m now, will be $ 350 m next years after the appraisal wells and ongoing expenditure, $200 m plus left by 2018 and $100 m plus left in 2019 and bugger all left beyond 2020 with no great prospect by just relying on the Brazilian asset .
Has been going for more than 10 years without producing a drop of oil.
Very lucky to secure $500 m plus from Origin for the Browse asset, pretty inept and clueless how to improve SH value apart from smoking cigars for the last 2.5 years - still looking , looking, looking, looking, looking, looking for opportunity .
The drip and drap buy back initiative is a joke, normally when a company conduct a share buyback, the share price go north , this one go south, go figure.
More like a pension fund than a oil / gas explorer/developer