Tgn, Why do you assume that sale of the UK asset is the endgame?
Why not a float of Cuadrilla on the LSE once flow rates are proven-up?
Egan has hinted as much previously.
AJL's management to moneterisation of its other assets -
Oz Engineering & Construction
Oz Drilling
Direct Interest Balcombe
Direct Interest Bowland
will determine how much of the Cuadrilla pie We own when finally floated.
Management ideally should be foccussed on maximising this % of pie
Noting thatCentrica Farmin funds that have already been negotiated are available upon successful flowtesting.
And once flowtesting of Bowland is successful..?
Plug the gas into the gas network and...hey presto...cashflow.
But...what if, in the interim, Angas flowtesting of Balcombe hits paydirt? Then management may have to deal with a surging AJL shareprice and the complications that flow from dealing with another valuable asset....
Raving
AJL Price at posting:
34.5¢ Sentiment: Buy Disclosure: Held
