total ceo - in talks for uk shale project, page-12

My guess is something in the ball park of what unexplored Australian shale plays have been able to achieve.

BRU was able to get a AUD150m deal with mitsubishi for 25% of their Canning basin permits (not all of them IIRC). The Canning at that point was similarly under-explored.


That would give DTE's share a valuation of about 450m.

While BRU's permits cover a much bigger area, DTE's aren't going to requite the enormous infrastructure investment to access a lucrative market.

I don't think it is unreasonable to expect a deal with that sort of valuation at about half that of Cuadrilla's.

Still pretty tasty upside with more to come from NSW and Scotland.