DRILLING

AJ Lucas in cash grab bid

TROUBLED driller AJ Lucas will raise $40 million to keep its shale investment in the UK intact and fend off the prying arms of the Australian Tax Office.

AJ Lucas in cash grab bid

It said the capital secured under the equity raising will be used to meet short term cash calls to sustain its investment in Cuadrilla Resources, which is currently searching for shale in the UK. The...

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