uk farm out announced, page-28

I forgot to add in the $9m of their own costs, so yes, total cost $48m USD for 25% stack in 38% of DTE's UK assets. $480m USD value for just UK assets. That also assumes zero value given to the IP dart gains and relief from liquidity issues.

What ever valuation you use, and however you form your assumptions, the stock is still cheap and I expect a re-rating much greater then the 30% gained yday based on this news.