Matthew Idiens, the chief executive of (), says the huge reserves upgrade opens up plenty of funding options for the AIM-listed US shale group.
Once funding is tied up, the plan is to become a producing oil and gas company within a year.
Idiens talks about the small fees needed to realise the value of the Paradox and Mancos projects in Utah, as well as explaining how a small UK-quoted company got such a good deal in the US.
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