I agree it good news, first for a while. But does it fund DTE's bowland exploration for the next 3 years? I read it as GDF are contributing a quarter of the exploration costs up to 27mil so DTE still has to stump the remaining 75% of the exploration bill. excluding the 12mil.
Would be good to follow this up with applications and approval timeframes.
Btw has anything been announced on Scotland progress/ approvals recently ? or has it just gone off the boil completely? Last I heard it wasn't sounding encouraging
DTE Price at posting:
13.5¢ Sentiment: Hold Disclosure: Held