RE: Time to be real6 Oct 2021 13:03
I need over a quid to break even and would be surprised if that ever happened so I have written off the 35 grand or so lost on this against gains achieved elsewhere and so now look at 5p as my starting point and would be happy to 10 bag from there!! It’s so frustrating when we know there is loads of oil down there, it’s been located, it would be profitable and on the back of Sea Lion profits all the other reserves down there could be identified and extracted. I think it’s an absolute no brainer for a company with money. The world will need oil for decades to come especially once the world realises the con it has been had on climate change, renewables and all that tosh which is costing us all a fortune. I was intrigued to read that the oceans produce 10x more CO2 than humans and that almost 50% of human CO2 is produced by China and USA. The U.K. produces about 1% of human CO2 so let’s not clog up our economy with loads of alternative energy sources when we have much bigger things to worry about.