IMO the fall in AJL at present is just a reflection of the smashing of the crude oil/gas price. Many marginal shale produces will close & exploration will be very low.
However Cuadrilla's UK shale does not look like a marginal operation, it looks deep & free flowing but at current crude oil/gas prices the margins of future production decrease. We don't know by how much until we drill, frack & flow test. Hopefully that will happen this year.
The big expense/issue is the green movement, regulation etc .. in a highly populated country. We will just have to wait & see how those battles go.
I
Judgement Day, page-14
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Last
0.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $11.00M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 450104 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 1938013 | 3 |
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| Last trade - 16.12pm 11/10/2024 (20 minute delay) ? |
| AJL (ASX) Chart |
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