There is a lot of optimism on this share. I believe what is...

There is a lot of optimism on this share.

I believe what is weighing down on the share price is as follows
* the grant is not in hand yet
* no word on their drilling plan
* OXX funding not certain yet (see above)
* market needs more certainty as post-GFC, hype alone is insufficient to create a bull run
* the Lind effect is in play
* we are still a while away from takeover, because the prospect is not proven yet. (majors are more concerned with risk management than getting something on the cheap.
* we have a bigger IC and the share price is flat. Its very hard to make an offer for OBL with so many uncertainties.
* we have competition in the form of the numerous oil and gas company out there (carnarvon, coopers and etc)
* BRU has significantly bigger acrerage and has several giants as partners while OBL has none of this. While derby is supposedly the sweet spot, its not proven yet. We should stop comparing OBL to BRU.

I hold this stock because i do see a longer play in this. Holders needs to have a longer view and remain patience.

The next step is to get the grant and review the road map management has for OBL.