It can be frustrating, but that is the market.Some position,...

It can be frustrating, but that is the market.
Some position, others take profits, and some sit on the fence.
But everything has to be measured as a probability.

Think about this. What is the probability that
- Worrior 11 adds initial oil production additional 2-300 bopd
- Kiwi Gas discovery already tested, is there and had significant gas flows 10mm? cfd if i recall correctly, so its just economics of costing pipes etc, and other stuff they want to include to expand scope.
- PEL 182 , now that Santos has de-risked in part, that our development strategy is in full acceleration.

Any of these announcements progression are going to drive those who wait on the fences to pull the trigger.
Others like myself make the bet that they are odds on favorite to deliver, and come with higher valuation in the process.

So we position where we see value to be appreciated by the probability of events to unfold.
The less pre-positioning = the bigger the daily mover on delivery.
The more discovery of the bets at hand, increases positioning over time.
Sellers who are impatient, have only themselves to fault, when the dawn breaks.