Back in 2013 Centrica decided it would be a good idea to invest in the nascent UK shale industry. The details when they came out revealed that they would pay: £40,000,000 Paid Up front£60,000,000 Initial Carry £46,700,000 Contingent Carry payable after the flow testing of gas for six months As...
Yesterday Cuadrilla’s parent, AJ Lucas announced that it had “approved the acquisition, effective immediately, of Riverstone’s interest in the UK shale gas explorer, Cuadrilla Resources.” What does this mean? Well Riverstone had owned 45% of Cuadrilla and had invested $US 58 Million in 2010 for equity in Cuadrilla Resources Holding...
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...
A couple of weeks ago we commented on Mr Egan’s claim that reports of damage were in the “low two figures”. It was a strange claim given that we have heard from a variety of sources that there were over 100. So what are we to make of the publication...
Political Issues / Preston New Road / Public Opinion / Seismicity
by Refracktion · Published November 3, 2019
Here on Refracktion we are always happy to explore points of view. Local author Alan Tootill has been a commentator on fracking for many years and his in depth analysis has been immensely helpful to many of us over the years. Here he offers his thoughts on recent events. Reaction...
Earthquakes / Political Issues / Preston New Road / Public Opinion
by Refracktion · Published November 3, 2019
As the dust starts to settle on the announcement of the government’s decision to implement a moratorium on new fracking development we take a look at what it means and how it came about. First of all let’s be clear about one thing. Fracking in England has not been banned....
The papers today are running a story about Cuadrilla’s good will payments made to home owners who reported damage after the 2.9 Ml quake of Monday August 26th 2019. This article in the Times is typical so we shall comment on a few of the points it raises. A fracking...
.. and she is already singing. Today Cuadrilla announced that they are demobilising the fracking equipment at their site at Preston New Road as they will not be able to restart fracking before their existing planning permission runs out at the end of November 2019. Before they can frack again...
Earthquakes / Political Issues / Preston New Road / Property Damage / Public Opinion / Uncategorized
by Refracktion · Published September 2, 2019
It is no news to anybody now that Cuadrilla appear to have lost control of the seismic activity at their PNR 2 well at Preston New Road. We have now seen 128 seismic events registered by the BGS. Of these 9 have been amber level events and 9 have been...
...and from Pro-Frack anonymous troll Eli-Goth we received the following ringing (if illiterate) endorsement over on Drill or Drop:
...and from The Village Idiot of Little Plumpton AKA Geza Tarjanyi
"Do not believe Refracktion. John 'Obson is useless. 'e is industry"
Take the advice of Greg Clark, ex-Secretary of State for the Department for Communities and Local Government
"Those who are prepared to organise to be more effective and more efficient should be able to reap substantially the rewards of that boldness ...
Take power now. Don’t let yourself, any longer, be ruled by someone else"
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"What you have to be able to do when you decide you want to hydraulic fracture is make sure there are no faults in the area. That's really very very important"
Professor Mike Stephenson - Director of Science and Technology - British Geological Survey
Fracking the UK Volumes I and II now available free from this site
"Untrustworthy, unbalanced and potentially brain washing." - Amazon Review
Yes the industry hated the first volume that much :-)
Both volumes now available as free downloads from this site Click here to download
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