Author: Refracktion

Bang Bang

So this week there have been two reports released which should have reduced the fracking industry’s stocks of paracetamol. The first came from the University of Stirling and looked at the research that underpinned the Scottish parliament’s ban on fracking. In the first study of its kind, the team compared the...

Schrödingers Protesters

It seems that we protesters are in fact merely unknowing participants in Cuadrilla’s thought experiment. Like the eponymous cat we appear to exist in two different states simultaneously. Cuadrilla’s Technical Director Mark Lappin was reported at the most recent Community Liaison Group meeting as stating that protest action at Preston...

Cuadrilla downgrade forecast confidence

Things have not been going swimmingly for Cuadrilla (unless we imagine them splashing around on their soggy well pad perhaps). This is perhaps reflected in the language they use to describe their level of confidence in their ability to extract gas from their operation at Preston New Road. Back in...

Whose fault will it be?

Whose fault will it be?

Fault lines are in the news again with the two recent significant quakes in the UK – Wales 2 weeks ago and Cumbria just this morning. How careful do they need to be about fracking near a fault line? In 2012 the Refine Group published a study which suggested that...

So shale gas is a damp squib

So shale gas is a damp squib

It was all going so well for the frackers. Report after report told us that UK shale gas was going to provide security of supply, cheaper gas, and oodles upon oodles of jobs. Doubters were caricatured as unpatriotic, Putin funded, fools who could not see the fossil fuel El Dorado...

EUR having a laugh aren’t you ?

EUR having a laugh aren’t you ?

Our old friend Ben Webster – the Times’ fracking sage – reported recently on Cuadrilla’s tests from their PNR well which were “very encouraging”. He told us: Cuadrilla said that the results were in line with estimates in 2013 by the British Geological Survey for the Bowland Shale under northern...

BEIS Wave 24 gives palliative relief to the frackers

BEIS Wave 24 gives palliative relief to the frackers

Today’s release of BEIS data for Wave 24 of their quarterly polling gives some palliative relief to the ailing UK fracking industry. It shows that the relentless slide towards single figure percentage support has been, at least temporarily, halted. The industry, however, are still a long way from reversing the...

Money, Money, Money …

Money, Money, Money …

There has been a lot of chatter today about one of Cuadrilla’s parent companies fund raising on the Australian Stock Exchange. I thought it might be useful to try to summarise the main points. The fund raising is split into an “offer” to existing institutional and retail shareholders to invest...