Thanks Tobyjack - nice articleI note that the current market cap...

Thanks Tobyjack - nice article

I note that the current market cap of igas is £214M, so the target change from 1.5 to 1.74, based on its current price of 1.17 represents £43M of additional market cap - due to a factoring in of its Shale upside based on the recent BGS estimates along with changes in its current production.

The translates to AUD$71M which, if applied to DTE's Market Cap, would equal a change of 8 cents per share.

I understand that this '8 cent' change is partly due to production that DTE does not yet have, but I also understand we have many more acres than igas - so Canaccord's conservative upgrade, to my thinking translates to well over 10cents per share in terms of DTE's shale value.

What do you think?