Tagged: Centrica

Spirit having flown …

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...

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...

This, sadly, is where the spin gets us

This, sadly, is where the spin gets us

Yesterday in the debate on the Energy Bill few dared stand up for fracking, but one who did was South Suffolk Conservative MP James Cartlidge. He reasoned thus: “The point is that some of the stuff we’re hearing coming out in the media warns of terrible things that could happen....