Oil price up again last night.
I reckon when it hits $80 (which could be next week) this will give some traction because if the world economy recovery gets in full swing 2022 with full blown world travel then oil will hit $100 and then watch out and the incentive will be there for increased investment and exposure.
Our on shore resource would be significant even if we might be a smaller scale producer with $100 a barrel.
Ann: SGC Acquires 6 Oil Discoveries in Philippines E&D Portfolio, page-87
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