that extract is "Cover-their arse-speak" for "Given the downturn in the O&G sector, and the current state of the market for funding O&G new technology, LWP has decided to cease operations of its proppant technology, and concentrate on new business pathway..."
they have no source of funding, and with no prospect of "commercialising" its "disruptive proppant technology", it is stuffed.
Ann: Update on R&D Tax Rebate, page-24
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