Originally Posted by
shasta
Bermuda
Im with you on the Oil price spiking to $US150 at some stage in the next 18 - 24 months.
I heard an article on the radio today, that Australia will require more coal fired power plants, seemingly as Nuclear is out of favour.
The dirty old fossil fuels are still in demand & that includes oil!
I can only see UCG or CTL as the only viable alternatives that are "green" enough to warrant support, & its not going to take oils place anytime soon..
Best bit with UCG is you dont have to mine the coal out of the ground.
NZO have come into production at the right time IMO to maximise the POO over the mid term (given that Kupe has some oil too).
Am regretting selling my NOG's :(