"Catch-22” Cuadrilla said it was trapped in a “Catch-22 position” over the fracking moratorium, reinstated in October 2022. The company complained that new wells needed to be fracked to gather scientific evidence on the process but, at the same time, new wells could not be fracked until the necessary scientific evidence had been gathered.The company said it continued to “engage with the Government, regulators and other industry players to try and resolve this conundrum”.
More like an investment trap for investors in UK shale with the rug pulled under after spending >£500m in UK shale gas.
AJL Price at posting:
1.2¢ Sentiment: Hold Disclosure: Held
