Kerogen doesn't even list Cuadrilla or AJ Lucaa as a project on their website and more. Means only one thing they has written it off as an investment. The announcement did not indicate how they will proceed or deal with UK shale gas conundrum. It is not simply good enough just sit and wait and hope for the PM or the government to change their mind while repeating in words how unreasonable their decision were. Of course the PM knows it was a political broken promise and about face decision so Cuadrilla can scream foul as much as they want nothing will change unless they go to court. My 2c worth. IMO Kerogen already decided to let this mutt goes under with the mounting debt.
AJL Price at posting:
2.8¢ Sentiment: Hold Disclosure: Held
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