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10.0% 0.9¢ aj lucas group limited

News: AJL UPDATE 3-Gas fracking to start in England next week after 7-year halt, page-5

  1. tgn01
    2,910 Posts.
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    06/10/18
    19:27
    Post #: 36024176

    1 Brittish thermal unit (btu)= 1000 cubic feet

    1 btu = $3.10 (current Henry hub price)

    5 million cf per day = 5000 btu x $3.00 = $ 15000 per day in revenue.

    Come to think of it. What a waste. Cuadrilla is burning or flare off $15000 cash a day just to keep in line with the environmental regulations to make the anti frackers happy.

    AJL Price at posting: 39.5¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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