Tagged: Cuadrilla

Spirit having flown …

Spirit having flown …

Back in 2013 Centrica decided it would be a good idea to invest in the nascent UK shale industry. The details when they came out revealed that they would pay: £40,000,000 Paid Up front£60,000,000 Initial Carry £46,700,000 Contingent Carry payable after the flow testing of gas for six months As...

Riverstone runs dry

Riverstone runs dry

Yesterday Cuadrilla’s parent, AJ Lucas announced that it had “approved the acquisition, effective immediately, of Riverstone’s interest in the UK shale gas explorer, Cuadrilla Resources.” What does this mean? Well Riverstone had owned 45% of Cuadrilla and had invested $US 58 Million in 2010 for equity in Cuadrilla Resources Holding...

The fat lady is on stage

.. and she is already singing. Today Cuadrilla announced that they are demobilising the fracking equipment at their site at Preston New Road as they will not be able to restart fracking before their existing planning permission runs out at the end of November 2019. Before they can frack again...

Wave 28? Wave Goodbye!

Today saw the publication of the BEIS Wave 28 public attitudes survey. The questions on fracking have remained after going missing in Wave 26, and reappearing in Wave 27 and they make grim reading for the fracking companies. Support has nosedived to its lowest level ever – the same 13%...

The toys, the pram and the minister

So this week has been quite eventful after the deceptive peace of January, where all we could see happening was a bit of patio gas helping the “flaring” at Preston New Road. The week began with a blustering threat from Ineos to the government in which multi-billionaire man-child, Jim Ratcliffe...