Author: Refracktion

EUR having a laugh aren’t you ?

EUR having a laugh aren’t you ?

Our old friend Ben Webster – the Times’ fracking sage – reported recently on Cuadrilla’s tests from their PNR well which were “very encouraging”. He told us: Cuadrilla said that the results were in line with estimates in 2013 by the British Geological Survey for the Bowland Shale under northern...

Money, Money, Money …

Money, Money, Money …

There has been a lot of chatter today about one of Cuadrilla’s parent companies fund raising on the Australian Stock Exchange. I thought it might be useful to try to summarise the main points. The fund raising is split into an “offer” to existing institutional and retail shareholders to invest...

17 pads in Lancashire? Really?

17 pads in Lancashire? Really?

Our friends over at Backing Fracking have been in PR overdrive again. This time they are trying to do some maths but they haven’t really thought it through. Desperate to show that fracking might create some jobs, but having very little to base it on, they have had to rely...

Emergency measures

Emergency measures

Cuadrilla recently submitted an application to vary their planning permission at Preston New Road.   As part of this they submitted a Supporting Statement This supporting statement was approved by no less than the Chief Executive of Cuadrilla as can be seen here: In this supporting statement they made the...

Could imported LNG really be cheaper than UK produced shale?

Could imported LNG really be cheaper than UK produced shale?

We were struck by a graphic produced by the Frackers’ PR machine last week so we decided to do some analysis of the relative costs ourselves. The results are quite interesting. The moral of today’s story is “Don’t be taken in by simplistic and illogical memes.” Here in one graphic...