My only point was that good shale seems to be developing upwards...

My only point was that good shale seems to be developing upwards in terms of valuations. This shows a maturing market in the US.

What has always surprised me, is that no-one, also not in the UK, seems to be aware of the undervaluation of the UK shale place regarding one big factor; The acreage came for free!

We will have to see what the flow rates are in Bowland. The unique element so far, which is factual information, is that the shale is over 1000 meters thick. I have never read that about any other play. That is an element that could put valuations through the roof!

Anyway, just wanted to be informative...