Category: Industry Tactics
That seems to have been the general response to Cuadrilla’s parent company AJ Lucas’s attempts to winkle more cash from their beleaguered investors. The results are now in and we can see that they managed to raise a gross total of Au$28.6 million from the sale of about 440 million...
AJ Lucas have their bowl out again and are asking their investors for more cash. Last time they did this was back in January 2018 and we reported on that at the time. The idea of the offer is pretty straightforward – you are offered a number of shares for...
Yesterday UKOOG (The UK Onshore Operators’ Group) released a new report called “Updated shale gas production scenarios“. A scenario is literally “that which is pinned to the scenery” and it looks to us as though the scenery here is pretty shoddy. First of all let’s be clear about what the...
In the circumstances that Cuadrilla find themselves unable to proceed without continually triggering seismic red lights the only sensible course of action is a moratorium on hydraulic fracturing in the Fylde and indeed in the entire country. Go on! Tell me it came as a big surprise to...
Well Friday wasn’t a good day for Mr Egan and he was looking rather tired as he gave several interviews to TV news channels. I was particularly interested though by the one he gave to Alex Thompson of Channel 4 News. Mr Egan was visibly rattled by being asked about...
A Northwest MP wrote to Claire Perry MP in her capacity as Minister for Clean Growth and Energy. In his letter he raised concerns about shale gas extraction on behalf of his constituents. Ms Perry responded with a letter containing the usual government platitudes. Here is how it concluded: The...
“An ounce of performance is worth pounds of promises” – Mae West With that in mind lets take a look at the commitments made by Cuadrilla to the county of Lancashire back in December 2016. How are they doing after nearly two years on each of these? Let’s take...
This presentation is well worth half an hour of your time. It is by Jeremy Leggett who has extensive industry and academic experience in the extractive industries. History of oil & gas production from shale in pictures & charts : why US shale will crash and UK will fail:
Further to our article on whether it was advisable for Brian Coope to be involved with the vile Reclaim The Road page / group, we had a bit of a spat with Jim O’Neil (arch profracker) on a local Facebook Group. Jim swore blind that the pottymouthed RTR group was...
We were shocked to read a tweet by @Lady_ClaireUK on Twitter today. “A supposedly-neutral member of the Independent Advisory Group for @LancsPolice, Brian Coope, is also a member of a #fracking astroturf group, lobbying for Cuadrilla. This group & its members have been reported for harassment & incitement to violence”...