AUSTRALIA

AJ Lucas restructures financing to fund Cuadrilla

AJ LUCAS has been granted a waiver of an Australian Securities Exchange listing rule to allow it to restructure its loan with Kerogen without seeking shareholder approval.

AJ Lucas restructures financing to fund Cuadrilla

The company has a 42% stake in Cuadrilla Resources and has been trying to finance Cuadrilla's plans in the Bowland shale play in the UK. AJ Lucas said the majority of the cash raised would fund the UK...

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