AJL 0.00% 0.9¢ aj lucas group limited

56% of 134 billion pounds sterling...

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    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.

    Raving
 
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