Good article here from WoodMackenzie. Explains the current situation for North Sea. Seems crazy to me the UK government will bite their nose off to spite their face, but let’s wait and see what budget delivers this week.
Either way FDR is well diversified. If they can get traction on a North Sea drill then will be off to the races.
Thoughts over the weekend regarding Timor asset. If they can get cash flow coming in from first oil, I imagine the Doraldo asset is the one they are really eyeing up. They could possibly decide their own destination somewhat and be not so reliant of farm downs.
There is a path to a MC well in excess of 100m.
https://www.offshore-energy.biz/uk-likely-to-unlock-10-billion-worth-of-north-sea-oil-gas-with-encouraging-fiscal-regime-woodmac-finds/
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Last
8.2¢ |
Change
-0.005(5.75%) |
Mkt cap ! $23.31M | |||
| Open | High | Low | Value | Volume |
| 8.7¢ | 8.7¢ | 8.2¢ | $23.94K | 281.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100000 | 8.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.4¢ | 200000 | 1 |
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| Last trade - 15.38pm 24/06/2025 (20 minute delay) ? |
| FDR (ASX) Chart |