General discussion thread, page-1025

If not for the profit taking hand brake, , of the entire registry of volume that occured at 6-7c , where would we have continued in motion to. ?

So a market sees the hand brake, and then takes a cautionary sit on the fence until it flushes through.
That is done. Now that hand brake can be released, and new positions can enter without that fear of an entire registry of overhang.

When you have an in part de-risking of a potential in place 21 TCF plus 845m barrel oil/ condensate by the work done by a major in Santos in the adjoining formation....It beggers the probability of the fruits from the commercialisation strategy - Drill Moolion East ourselves / JV / Third party ? / Cash / Sale. All of this in the context of the gas demand in the east coast, come bets of a value much greater than our current MC.

While also the potential attic oil in Worrior 11 being worked on this quarter => bets on 2-300 additional BOPD.
And Kiwi gas discovery, that flowed at 9.6mm cfd/ pending larger scope of size, and economics to develop.

For the new wave of buyers, these are the bets on the table. Likening a wager to the winning stakes, much greater than the MC. And for sellers, it is a profit taking clip, that forgoes that next round.

Its that simple. More buyers who discover the bets at hand, take out the positions of those who discovered the bets earlier in the journey.