Tag Archives: Bubble & Bust
Igas Energy – Englands newest fracking company
Igas Energy has been increasing onshore gas operations for several years. Yet few people have heard of England’s newest fracking company because Igas is complicated: the AIM-listed company is not simply a fracker – it drills for several kinds of gas, and it’s main business is oil. But recent test results have thrown Igas’ fracking […]
Cuadrilla`s Big Gas Results: the devil in the details
Cuadrilla’s press conference and wine and dine dinner hosted for councilors of all levels last Wednesday in Blackpool was aimed at bigging up the benefits of ‘new gas’ in the UK in order to win over investors as well as the local authorities sitting on planning application boards of the proposed sites. Figures were drawn […]
The timing of Cuadrilla`s test results is no co-incidence
Hearts were in mouths at Cuadrilla. Not because of an upsurge in local oppostion at it’s latest drill site in Lancashire (in the shape of Camp Frack). Nor because of yet more protesters at the announcement of its Lancashire test results. No: management were quaking in their steel toe caps because principal investor AJ Lucas […]
Cuadrilla suffers near heart attack
Lancashire Fracker Caudrilla suffered a near heart attack two days ago when it’s Australian co-owner, AJ Lucas, (which owns 41% of Cuadrilla) nearly ran out of cash. AJ Lucas’ shares have been suspended from trading on the Australian Stock Exchange since May. The company this year also reported an $11.5m full-year loss. It was imperative, […]