17m in cash.
UK shale will be developed by farm-in agreement.
Airth developed with the 100m debt facility to generate 85m net cash flow per year.
The company has said they will undertake the bare minimum work to retain licenses elsewhere in the world as the focus is the UK.
They have more than enough cash to see them through for 12 months, at which point Airth could well be providing some cashflow and they should have a higher market cap if they need to raise some cash.
Nothing but sunshine.
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