10 years ago

10 years ago, the company had 33m shares on issue, and the drilling cost of a well, was about $5.5m - and the government had provided a grant of $5m

10 years later, and everything is in the stratosphere. the government thinks that money is like confetti - and the shareprice of the company has soared , on the back of the expectation of getting heaps of government money.

there is something seriously wrong somewhere. one thing for certain, is that government money will be peed up, against the wall. .

in 10 years, gdy have proven that the idea is a waste of time - perhaps if people want to follow the dream, then maybe there should be tax breaks, for investors who contribute funds - and applicable to all companies, who do some drilling into deep hot rocks. that way there is a level playing field - failing that, the government is picking winners.