IMO the fall in AJL at present is just a reflection of the smashing of the crude oil/gas price. Many marginal shale produces will close & exploration will be very low.
However Cuadrilla's UK shale does not look like a marginal operation, it looks deep & free flowing but at current crude oil/gas prices the margins of future production decrease. We don't know by how much until we drill, frack & flow test. Hopefully that will happen this year.
The big expense/issue is the green movement, regulation etc .. in a highly populated country. We will just have to wait & see how those battles go.
I
Judgement Day, page-14
-
- There are more pages in this discussion • 15 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add AJL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.9¢ |
Change
0.001(12.5%) |
Mkt cap ! $12.38M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 0.9¢ | 0.8¢ | $12.33K | 1.429M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2645110 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 272056 | 2 |
View Market Depth
| Last trade - 15.26pm 11/09/2024 (20 minute delay) ? |
| AJL (ASX) Chart |