Magic No 25600, page-33

A little bit disillusioned with the sp like most im guessing but I think it's getting to the point we have to reevaluate what FAR is going to bring us sh's in the way of an increase in the sp.
Every day this takes is a day closer to the world moving away from fossil fuels and even though the argument that it will be years and years till that happens its not an industry investors are interested in gambling with and we are seeing that quite clearly with different funds and countries moving out of the industry or farming down there risk to it, not to mention some cities law suits against it as frivelous those cases might sound to some.
The days of soaring sp's on potential are definitely a thing of the past, pretty sure we all realise that by now, the only thing that will bring value is reserves and after seeing everyones different takes on it we are currently pretty close to where we should be at 7.7 cps. Then you have to add soveriegn risk (it's still Africa lets not kid ourselves it could change in a heartbeat over there) and expenditure into the equation unfortunately FAR's sp is going nowhere north and even if we do drill A2 solo and strike it lucky its going to be the same argument as we have seen over the last few years, no one is going to give you anything for it until all the reserves are proven so in that case its a gamble but also a one that could see FAR go bust or at the very least having to sell down SNE as a distressed seller.
I understand there is people leaving it to the next generation etc but I think its time to realise by the time the next generation see this the oil industry will be pretty much kaput.
I know cut it with the doom and gloom and sell and I will in a few months whatever happens and be happy to since my average is .046 cps.
I obviously got out of the wrong side of the bed this morning