The Australian owner of shale gas company Cuadrilla has raised $19.7m (£11.79m) in a share placing.
Opponents of fracking in Lancashire have welcomed Cuadrilla’s announcement that it is to plug and abandon shale gas wells near Blackpool.
The Australian owner of Cuadrilla says it is carrying out a review of the company’s costs following the fracking moratorium.
A government agency has been accused of acting unlawfully in the way it dealt with the change of ownership of the fracking firm, Cuadrilla.
An Australian mining group has almost doubled its stake in the UK shale gas company, Cuadrilla Resources.
Cuadrilla’s major investor, A J Lucas, has said up to 72 lateral wells could be drilled from a shale gas site like Preston New Road, near Blackpool.
Cuadrilla’s Australian investor has said it continues to give the shale gas company its “full support” in the face of a moratorium on fracking announced two days ago.
The shale gas company, Cuadrilla, is to allow more fluid to come back to the surface after fracking, in an attempt to tackle the problem of earth tremors. It will also seek to raise the threshold on the magnitude of tremors at which fracking must stop.
In this week’s listings: Key planning decisions in Lancashire, Cheshire and Rotherham. Plus public meetings, gatherings, fundraisers and information events.
Cuadrilla has accused some of the opponents of its shale gas operations in Lancashire of “irresponsible and intimidating behaviour”.