Spot on!
And the acreage came for free! In the US good acreage costs $25k and upward per acre.
Those are acreage that is not 1 km thick, but say 100-200 meters maximal!
This company does not have to go to raise money after this raise. Reason is that Centrica is picking up the tap for the coming 18 months. Then, Cuadrilla will have cash flow + proven reserve. This allows them to borrow, as currently they have zero debt.
So, buckle up! This will go high!
Article: UK Bowland Shale Worth $1 billion, page-8
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