RE: PG age 654 Jan 2020 13:47
@flyboy gas for me is a better play than oil, simply because it is greener. It can help counties stay within their emmision targets.
The worlds dependency on oil and gas is not going to change in the near future. Despite all the progress in renewables, the world consumes a 100 million barrels of oil each day
I feel there will be a transition from oil to gas prior to eventually moving to purely renewables/nuclear. Like there was a shift from coal to oil.
The Russian nord stream 2 is an example. Russia is trying to get its gas into Europe. Despite sanctions from the US, the European countries still want to proceed as it provides cleaner energy security. The market is there.
There are also other companies exploring around island for gas.
Paul is far more experienced than us, I'd say he knows what he is doing. He's selected 3 gas projects and 1 oil project. The latter will store co2 into the ground reducing its carbon footprint.
Let's get back to 12p before looking further ahead. £4 and I would retire lol.
I've followed this stock since ipo so I know what's possible in the long term IF things go to plan. However I rather be cautious on a public domain.