All looking good, only a few moves off the top 20 and...

All looking good, only a few moves off the top 20 and replacement with quality investors, I am also on there. With OPEC+ decision and oil lifting 5%, my theory that energy will de-globalise into a two bloc system is coming to fruition i.e. OPEC has clearly aligned with Russia. On top of this, Saudi has reached peak oil

FDR having 9 projects in North Sea and NWS primes us for capitalising on Western energy security concerns, and trust me, this is an absolute priority for democratic states over the next years.

Investment into exploration is starting to pick up some heat.. the problem is that there is about eight years of low investment to catch up for, which is why in July the UK govt has put into place a significant tax offset incentive on Oil and Gas exploration. This offset basically means UK Energy Producers can discount their exploration costs;

"The government says an investment incentive, which means firms could receive a 91 pence tax relief on every pound ($1.19) spent on new oil and gas extraction, would underpin energy security."

https://www.igem.org.uk/news-and-publications/industry-news/uk-lawmakers-approve-windfall-tax-on-oil-and-gas-producers/

https://amp.theguardian.com/business/2022/oct/07/uk-offers-new-north-sea-oil-and-gas-licences-despite-climate-concerns

To me, FDR seems undervalued based on macro and company fundamentals