Vertical well at Preesehall was partially fracked and flow tested. I clearly remembered the local news picture of huge flare of gas from the well. Insider said the flow rate was 'extremely highly' and that's what got some big oil initially interested. Of course it was Centrica who eventually buy in. But I guess it means jack to the market until they go full production.
IMHO it's a bit optimistic to value at $1 atm because there is nor interest in AJL from those with deep pocket.
Vertical well at Preesehall was partially fracked and flow...
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