Nick Grealy’s math suggests Cuadrilla and the U.K.’s Bowland Shale are already worth a billion dollars before the first yield results are even published.
Opponents of UK onshore gas have consistently said it won’t make any money. Well here goes that theory.
Cuadrilla Resources is getting closer to getting gas out of the ground each week, and this from Australian Financial Review reveals that a new investor in AJ Lucas, which owns 45% of Cuadrilla, sees the Lancashire Bowland as a now being a billion dollar shale play.
OK, that’s Australian dollars which is US$ 785 million, but still far less an exaggeration than London buses run on coffee grounds for just one recent story.