Shares in Angus Energy rose this morning as the company announced it had taken out a £1.4m loan with a property company.
The company behind fracking plans at Kirby Misperton in North Yorkshire is again overdue with its annual accounts. It has also increased its loan from Barclays by £1.5m.
Angus Energy confirmed this morning that its chairman transferred 39 million shares to a company that appears to be less than six months old with one officer, a 20-year-old Hungarian living in Poland.
One of the key figures in the company expected to frack the UK’s first gas well for nearly seven years has resigned as a director.
In this guest post, Corporate Watch reveals that the UK fracking company, Cuadrilla, has used legislation designed to increase corporate transparency to hide the identity of the people who control it.
Third Energy UK Gas Limited – the company behind fracking plans at Kirby Misperton in North Yorkshire – made a loss of £3.854m in 2015.
Opponents of shale gas extraction in North Yorkshire have urged Third Energy to publish its accounts on time.