Clarity: Divestment of AU Drilling & Engineering, Focus on UK Fraking?, page-5

The idea is to float Cuadrilla / AJ shale gas on the UK market to drive investment into their sector. All the interest from the major investors is on the potential of providing shale gas to the UK.

There is some diverse interest in oil operations via Angus energy.

The company was very interesting to me, but management definitely doesn't tick the box, and absolute necessity for investing.

I managed to take some out a decent price, but rest are committed to now.

A recent interview points to the wait with baited breath to flow rates using the current 0.5 ftack limit.

I think it's Catch-22 for them, because if they can prove gas flow at 0.5 why would anyone want to increase the rate, but they also need to prove that there is gas there and it's worth extracting, and it's possible at 0.5 and even more so at 1.5

Original extract core examples showed there the gas is there certainly, and it's a big prize. We are just waiting for flow rates.