JVs come and JVs go I guess ... the one you refer to was initiated by previous management ... perhaps current management feels it can do better?
In any case, due to a supportive legislative framework CMM gas abatement in France ensures a premium for CMM electricity production and this is why I feel it just makes good economic sense.
I think a lot can be done with ramping up Gasonor CMM production before any effort is made on the huge potential upside of Gasonor CBM, which incidently has never featured in any valuation of the Gasonor asset.
Cheers Dex
EPG Price at posting:
15.0¢ Sentiment: LT Buy Disclosure: Held