Hotdog. IMHO, IF we adjust Centrica buy-in at £160=$260mil (approx. exchange rate at the time), Caudrilla valuation is $1bil. AJL stake then is valued at $450mil. With approval and additional works since then the value should increase a little if not quite substantially with greenlight for pilot production site. AJL total share issues is currently just shy of 400 millions. On Cuadrilla stake value alone AJL sp should be around $1. But I guess accounting rule dont allow this valuation and unfortunately the market and traders and investors dont value it this way either. What a drag!
Anyway, thanks to Ruth the UK anti fracking journalism website. Someone should pay for her great work. From the website, here is recent Francis Egan view about Caudrilla future during his front up at the UK Shale Economic Committee enquiry into its viability last week. He look quite excited and much much happier than he did in his ast appearance. So it is a positive sign.
