The headline as presented is about as worthless as the UK project.
First, is there non-terrestrial life? Almost certainly, given the number of planets that we are seeing just in the nearby stars in our own galaxy.
Second, is any of this life intelligent? I would speculate that somewhere, there is what could be termed intelligent life, just on a statistical basis.
Third, can we contact that intelligent life in any way? This I have grave doubts about, since even in the best case, it lies many light years distance from our solar system, and the amount of effort required to transmit a detectable signal is huge... even if you know exactly what direction to point your signaling device.
Is the project worth doing? Perhaps, but only for entertainment value, and perhaps to generate some spinoff tech that can be used for something useful.