78% of the air we breath is nitrogen, so plenty of it. Would be great if this makes a big difference for enhancing the fracks. Cuadrilla can built a small nitrogen plant on site, so no trucking in necessary. And then continue drill other laterals and frack, frack and frack. So, potentially this may get better and better!
Given the intermediary statements on the cores, it seems unlikely there is no gas and the whole thing goes down the drain.
Current share price only factors in Ozz drilling activity.
Also there is perspective for the protestors. They can protest against the use of Nitrogen. Super dangerous. Previously we always said their gas and petrol should be taken out of their lifestyle... That would help them getting their awareness on the relevance of fossil fuels (at least for the next 50 years or so...). In this case I suggest them to keep breathing the air including the 78% nitrogen. However, I think they will be tempted to protest against it. It sounds like a difficult word, so it must be bad for Mother Earth.
Hoping for the best, the share price is becoming attractive!
AJL Price at posting:
15.5¢ Sentiment: Buy Disclosure: Held
