Reporting on the unconventional oil and gas industry and its use of hydraulic fracturing
Cuadrilla is pushing ahead with plans for fracking in Lancashire with the announcement of a contract for preparation work at one of its sites. It has also made six commitments to the county – if shale gas were produced locally.
The head of the company which holds all the hydrocarbon exploration licences in Somerset has predicted he could be drilling a gas well in the county in two years.
The chief executive of shale gas company, Cuadrilla, gave evidence last week to peers on his company’s operations, financing and plans for the future.
IGas investors were watching share price movements this morning after news that the company would not breach its daily liquidity obligations this year.
The main steel union, Community, has backed the UK fracking industry saying it could support thousands of jobs in the supply chain.
Two companies are banking on the approval of consent for oil production at the Wressle well in Lincolnshire and that it brings in expected revenues.
IGas confirmed this morning it was having discussions with Trans European Oil & Gas, thought to be a leading holder of its secured debt.
The shale gas company, Cuadrilla, has announced a loss of $17.671m for the 12 months ending 31 December 2015, up from $11.568m on the previous year.
Egdon Resources announced today that it had taken over Celtique Energie’s interests in two oil and gas exploration licences.
IGas shares closed down more than 9% on the day after the company’s bondholders disagreed in votes over proposals to relax liquidity obligations.
DRILL OR DROP? 