I've been wondering that myself. I find it odd when a...

I've been wondering that myself.

I find it odd when a non-producer that is valued on prospective resources and a a bit (relative to the size of the prize) of 2C resource moves with OIL sentiment but that appears to be what is happening. Softness in oil prices, possibly because LNG can be oil referenced I for price, appears to be a key factor. It does say something about the sophistication of the .institutional energy investor.

The other factor I was considering was the NT election, although neither party was critical of the Beetaloo going forward, politics being politics generates uncertainty that undermines. It does seem the bottom may coincide with that election result.

Nonetheless, it doesn't appear to be a TBN issue and more of a market contagion on the speculative floor of oil price.

I guess I'd feel pretty foolish to expect the market to behave rationally.