Agree Mikey, you could never accuse TEG of over-promoting themselves!
The UK licensing round may prove to be a dark horse for TEG. Conrad has connections there and already said they were targeting production ready licenses, which are the priority areas for the government. The Energy Profits Levy currently means that all qualifying capex receives a 91.4% deduction while also taxing profits at 75%. (through until March 2028)
Conrad to my mind has proved himself a smart operator and it would not be beyond him to straddle the EPL so that we receive the capex rebates but commence production after the end of the EPL.
Licenses are imminent or at least were scheduled to be awarded in Q2 so can't be to far off.
TEG Growth Opportunities, page-149
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