MARKETS

AJ Lucas to take $157M hit from UK frac ban

AUSTRALIAN oil and gas microcap AJ Lucas expects to incur a $157.3 million impairment as a result of the UK government's decision to reimpose a ban on fraccing.

AJ Lucas to take $157M hit from UK frac ban

  AJ Lucas holds a dozen tenements onshore England via its subsidiary Cuadrilla Resources.  The  company has bullishly pursued development of its Preston New Road project in Lancashire since 2016,...

Start a free trial to continue reading this article

Already have an account?

Subscribe now

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

editions

ENB CCS Report 2024

ENB’s CCS Report 2024 finds that CCS could be the much-needed magic bullet for Australia’s decarbonisation drive

editions

ENB Cost Report 2023

ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.

editions

ENB Future of Energy Report 2023

ENB’s inaugural Future of Energy Report details the industry outlook on the medium-to-long-term future for the sector in the Asia Pacific region.

editions

ENB Cost Report 2021

This industry-wide report aims to understand current cost levels across the energy industry