Alot of commentators think 2017 will be crucial for UK shale and i.e ajl.
Our current book value is $86mil. Per share it is 86÷390mil issued shares=22c. Market value currently stamd at $0.43 × 390mil shares= 169mil. So the market value this stock twice its book value which is good. But if accounting allow to include Caudrilla asset,which is valued at $1bil based on Centrica buy in 25% for $250mil roughly, with AJL holding 45% of Caudrilla its book value should be $450 + $86mil=$530mil. Per share book value should be $530 ÷(390mil share+100mil coming up entitlement offer) = roughly $1-$1.20 per shate.
Just wonder if anyone knows when Caudrilla can be included on AJL book? Is it when reserve proven?
AJL Price at posting:
43.0¢ Sentiment: Hold Disclosure: Held
