Unfortuneately 2P doesn't appear out of thin air and all long...

Unfortuneately 2P doesn't appear out of thin air and all long term holders have been frustrated with the delays.
Going back to my experiences with Arrow Energy I recall similar frustrations and becoming impatient with delays.
In the end it becomes a confidence issue - confidence in management and apart from delays (some of which are to be expected with weather conditions) there has been no indication that management are being subversive and not genuinely trying to progress the reserves upgrades as expeditiously as possible. As holders we welcome a more consistent news flow than has been forthcoming in recent months but that aside overall LNG is still moving forward strongly with recent anouncements by Santos etc. If you believe the story that there will be a shortfall in reserves to feed all the projected trains then BOW's acreage has to be very appealing. I'm willing to sit tight for a bit longer.