EUROPE

AJL's UK shale moves gain Edison's attention

ANALYST Edison Investments has initiated coverage of the company and valued AJ Lucas' UK "dominant" shale assets at 92 cents per share and the group at 82cps once net debt and other concerns are taken into account.

James Bowen

AJL's UK shale operations

This represents a significant increase on the Australian company's current value of 34cps. Edison said that AJ Lucas offered investors exposure to the most advanced UK shale appraisal program in...

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