The company lost money last year. The current balance sheet...

The company lost money last year. The current balance sheet reflects that and the drilling operations, not the shale prospect. Currently, we are waiting on the British geological survey report (commisioned by the UK government) which will hopefully align current difficult and unhelpful fracking conditions with prevailing mining and construction regulations.

The new British PM is for fracking.

With that and the war in Ukraine, the realisation that ESG principles have put a drag on upstream exploration, and that the net zero nonsense and the lack of importance that a succession of British governments have placed on energy security in the UK have all been problematic and caused the perfect storm, our investment in AJL extremely prescient.