This means that we will see the share price going to about 1 - 1.50. That is just on the basis of the value increase of Cuadrilla. It does not take into account that the value of our 25% direct shares in some acreage is also increasing.
Anything below 2-2.25 is a very good buying price for this share. Once production and development of more wells start in 2018 higher prices will be justified.
Caudrilla IPO - Potentially, page-6
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