AJL aj lucas group limited
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Fracking finished at PNR

  1. Refracktion
    563 Posts.
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    30/09/19
    21:16
    Post #: 40649157
    Cuadrilla today confirmed that they will not be able to frack PNR2 before their planning permission expires so they are demobilising the site again.

    https://cuadrillaresources.com/media-resources/press-releases/cuadrilla-confirms-next-steps-at-preston-new-road-site/

    I suppose this is good news for investors as they were spaffing £94k against the wall every day if their submission to the court a while back is to be believed. That's about £3.5 million since they stopped fracking in August.

    The flow test results should be interesting as nobody has seen any gas being flared yet. Does anyone have any information that suggests that any meaningful quantity of gas has in fact been produced?

    Any guesses about the SP tomorrow? I'm guessing 8c. Higher? Lower?
    AJL Price at posting: 10.5¢ Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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