Cuadrilla Resources plc’s owner said that its recent AUS$19.7 million (£11.5m) fundraise may be used on the shale gas extraction project in Lancashire. REGULATORY CHANGES A statement from Australian owner AJ Lucas Group Ltd yesterday reported completion of the “heavily oversubscribed” placement of 179.4 million shares each at $0.11, a discount of 29%. “Proceeds raised […]
Tag: Cuadrilla Resources Ltd
Cuadrilla looks to results ‘as soon as possible’ from hydraulic fracturing
Cuadrilla Resources Ltd said it aimed to work with the Government to generate results as soon as possible from hydraulic fracturing in England. MORATORIUM The company’s issued its statement following Prime Minister Liz Truss’s announcement lifting the moratorium on hydraulic fracturing with production ‘as soon as six months’. The ban, introduced in November 2019, followed […]
Spirit Energy to retain shale gas interests in Lancashire
AJ Lucas Group Ltd (AJL) said that its partner Spirit Energy would retain its interests in the Bowland shale gas exploration licences in Lancashire. LICENCES The Bowland licence (PEDL165) covers 1,064km and surrounds the 54.5km Elswick licence (EXL269). The licences contain eight sites held by AJL including Roseacre Wood, Grange Hill, Anna’s Road, Becconsall, Preston New […]
Cuadrilla and Third Energy agree Yorkshire gas project
Third Energy Ltd and Cuadrilla Resources Ltd hope to appraise a conventional gas prospect covering the companies’ onshore licences PL081 and PEDL347 in Ryedale, Yorkshire. CONVENTIONAL Under the agreement, yet to be approved, Third Energy will operate and entirely fund an appraisal well to assess the potential commerciality of a natural gas prospect in the […]
Cuadrilla to cut UK fracking investment by 90%
Cuadrilla announced it will reduce its gas exploration operations in the UK next year by 90% while it waits for the Government to decide the future of hydraulic fracturing or fracking. The company will however retain its technical data-base, corporate knowledge and access to technical and operational capability. Chief executive Francis Egan said Cuadrilla would […]