Your concept is interesting Quiono. Lol. How did you price or value AJL shale gas asset? On reserves or resource number? If yes, it is based on your own resource or reserve estimates then why AJL valuation is so low at 27c? Most broker analysis put AJL at 22c-27c solely on OZ business valuation. So to say current oil price affect an non production asset that is still not included on the balance sheet is also a bit daft.
With or without Brexit UK still use nat gas and import a large % of it. INEOS court challenges against SNP allegedly ban on shale gas highlight the lack of legal merits of Labour and Green. Former Labour governmentgave out shale license and now to put a ban on it without any legal ground and simply based on ideology and the highly contentious issues of local production contributed to increases in climate change doesnt appear to be proven in previous court case or logical or rational. But no doubt Brexit is the most important issue for the UK at the moment.
AJL Price at posting:
22.0¢ Sentiment: Hold Disclosure: Held
