I listened via Tunein Radio to Francis Egan taking calls from listeners on BBC Lancashire last night. As expected there were plenty of keen anti-fraccers keen to vent spleen. A fair bit of support though too from callers recognising the potential for regional economic revival.
Egan commented that Cuadrilla's expectations for recoverable gas at a conservative 10% recovery was at least 20 TCF. He valued this at $134 Billion pounds at current gas prices....!
That in anyone's language is a stupendously large future revenue flow.
Extrapolating.. 20% recovery of the widely hinted 300TCF....this revenue figure would balloon to 60TCF worth some 402 Billion pounds @ current prices. Big.
What is 56% of that worth? Or more pointedly, what is AJL's direct 25% holding worth if astutely marketed now??
Note that AJL's direct 25% stake also encompasses the shale oil prospective Bolney tenements in addition to the "world-class" Bowland asset.
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56% of 134 billion pounds sterling...
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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4 | 294683 | 0.008 |
7 | 1437618 | 0.007 |
4 | 1245000 | 0.006 |
3 | 600000 | 0.005 |
1 | 500000 | 0.004 |
Price($) | Vol. | No. |
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0.009 | 937723 | 10 |
0.010 | 951278 | 4 |
0.017 | 60000 | 1 |
0.019 | 12500 | 1 |
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