Labour gov't will affect all of FDR's UK North Sea assets. Labour policy is to increase windfall tax to 78% and end the Investment Allowance.
I like FDR and their business model but UK North Sea right now is a bloodbath. See Deltic Energy, Jersey Oil and Gas, Hartshead Resources or google "Labour UK North Sea Oil and Gas".
Hopefully FDR can progress some other licenses until the UK is sorted.
Labour gov't will affect all of FDR's UK North Sea...
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