Tagged: AJ Lucas

Riverstone runs dry

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...

Would he lie to you?

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...

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...

Down in my estimation

Down in my estimation

We were struck by two different exercises in estimation today. Firstly, AJ Lucas, Cuadrilla’s parent company had to publish a response to the Australian Stock Exchange regarding their “historically publicly reported Cuadrilla’s internal Gas Initially In Place (“GIIP”) estimate of the Bowland Prospect in England”. The regulators had asked them...

Hard times for the frackers

Hard times for the frackers

As Cuadrilla parent AJ Lucas’s share fall yet again to 19c, Kerogen Investments have increased their holding, ensuring that an increasing amount of any profits from fracking in the Fylde will make their way offshore. Of course to make a profit you do have to able to sell your product...