cuadrilla - naturalgasforeurope website., page-2

Michael.... Cuadrilla is definitely being watched closely by savvy industry players. Potentially the European assets are a v. v. significant asset -a big deal.

http://www.nohotair.co.uk/2011/63-shale-gas/2081-cuadrilla-makes-the-wall-street-journal.html

Centrica (as owner of BG) is the major player in UK gas supply where gas prices are double those in Oz...& rising. BG's entry to the shale gas arena via its Cooper Basin JV with Drillsearch confirms that shalegas has arrived...and BG knows its significance. This particularly applies/translates to the strategic UK/European shale assets held by AJL given the attractive demand/price metrics, and ease of monetarisation via existing infrastructure.
Let's hope the delay is in part due to Campbell's dogged pursuit of a sterling deal for the existing shareholder faithful.... rather than a rolling over to the GoldmanS aligned interests.
BTW. I note that AJL's Canning Basin shale assets adjoins that of NSE...and Conoco for one recognise the strategic value of NSE shale.
Raving