Ann: Trading Halt, page-32

The transition from fossil fuels to Green Hydrogen and EV and what ever comes next is a multi decade transition.

Due to operating costs Australian refineries are under significant pressure from mega refineries as close as Singapore.

Oil for long time yet is still a strategic commodity. If the government does cough up some $ the oil majors will simply shutdown, just like BP Kwinana earlier this year. It’s now being turned into a tank farm. So we can’t even process an oil field just 5 hours north of Perth.

So investing in the likes of PRL and lithium plays in this current surge in EV hype is a no brainer.