Funding shortfall casts doubt over Rathlin Energy’s future
Rathlin Energy does not have enough money to meet its drilling and abandonment commitments in East Yorkshire, according to annual accounts published today.
Rathlin Energy does not have enough money to meet its drilling and abandonment commitments in East Yorkshire, according to annual accounts published today.
The former fracking company, Cuadrilla, earned nothing for its Australian owner in the past 12 months but spent Aus$2.4m.
A former champion boxer has backed a group seeking to take control of the company that owns more than half of Rathlin Energy’s onshore oil and gas operations.
Surrey County Council is standing by its position that Angus Energy does not have planning permission for oil production from a well at its Brockham site, despite an announcement of “final go-ahead” this morning.
30/11/13 Residents from Sussex, Falkirk, Belfast, Fylde, Ribble Estuary and the Vale of Glamorgan deliver a letter to David Cameron calling for a ban on shale gas and coal bed methane exploitation.
In a statement to the financial markets, one of Cuadrilla’s major shareholders revealed plans to start drilling in the Bowland Basin next year. The A J Lucas Group said it was working with Cuadrilla and Centrica (another shareholder) and its advisers to “expedite planning and regulatory approvals with […]