Article: UK Bowland Shale Worth $1 billion, page-4

The market remains very skeptical of AJL and its Bowland venture. While the underlying asset and its business case are very promising and with a lot of upside values and advantages. However, past history (announcing 200 tcf GIIP resource and then to withdraw claim later) has dampen and put serious doubt about the success of this exploration and create a cloud of over the credibility of the company's claims on the asset. The slow result and lack of disclosure and update on the result of current drilling and core samples testing at PNR add another layer of secrecy and skepticism of the true credibility of these claims. Some of the anti-frackers has claimed UK shale as a Ponzi scheme to keep Cuadrilla in business. While as holder I am hoping that these claims are baseless and propaganda fake news, the lack of results and progresses in UK shale does start to make these anti frackers' fake news look more credible than the industry's claim.