Centrica was not there to fund the operations; it is to fund the exploration.
Current activity is a paid ticket. Let the ball roll, and wait 6 months to see the outcome.
Meantime someone should realize that energy security is a real issue. People keep saying 'our gas is from Norway' but they should be aware that the European gas market is one entity. Instability and increased demand or reduced supply has an impact on the whole European gas market; also on Norway.
Gas from Qatar is not the best of ideas given the geopolitical developments.
--on a separate note; in Saudi supporters of Barcelona can not wear the club shirt anymore, on risk of being arrested. The sponsor printed on the chest; 'QATAR'...
I am now fully loaded up on this share, and could slash down my average cost significantly. It is rotten cheap. Loads of value!
AJL Price at posting:
25.0¢ Sentiment: Buy Disclosure: Held
