GDF farmed into 25% of 60 TCF, DTE still have 75% of that 60 TCF...

GDF farmed into 25% of 60 TCF, DTE still have 75% of that 60 TCF plus 100% of the rest.

Of the 110 TCF, DTE got 39m USD for 15 TCF, and retain 95 TCF.

$2.6m USD per TCF based on GDF farm in.

$247m worth just in the bowland based on GDF farm in, approx. 22c per share worth just in bowland licences as valued at this early stage with all uncertainty priced in.

Again this ignores the extra value DTE get from partnering with GDF.

Are recent developments priced into current share price? Not by a long way.