Now -> that DTE +has a UK shale JV about to be agreed - project value ~4-500m +NSW CSG back on the radar - project value ~4-500m (similar to what BOW was taken out for after having drilled and tested on two blocks in QLD)
+Airth approval process commencing in October (potentially worth 85m p.a!) - project value ~600m
+Canonbie with similar potential to Airth in Scotland - project value ~400m
So in total UK shale 500m Airth 600m Canonbie 400m NSW CSG - 500m
2billion in near term value. This isn't the full potential. As we know the UK shale and NSW CSG assets have the potential to unlock billions in value, but others will unlock that after taking over DTE.
2b in near term value for how much? Given the SP, I'd say 45-60 cents = 450-600m takeover bid would be successful.
Just my ramblings. Add your thoughts.
DTE Price at posting:
14.5¢ Sentiment: Buy Disclosure: Held
