AJL 12.5% 0.9¢ aj lucas group limited

Article: UK Bowland Shale Worth $1 billion, page-6

  1. 494 Posts.
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    A billion now equals billions when gas flows. And the multiplier should be higher as development costs will be low. After all;

    No pipelines to build
    No LNG plant to build
    No freight to market
    No sour gas
    1km thick
    Multiple laterals (they do up to 50 per well in us and shale is a fraction of the thickness)
    No expensive outlay to buy the ground
    No water in the deposit
    No 6 years from drilling to cash flow
    National shortage of gas
    Closing coal down

    Billions!!!! The closest thing on earth to literally sticking a pipe in the ground and connecting it to your stove | heater
    Last edited by moneybags11: 11/01/18
 
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