Is UK shale a busted flush?

After 10 years and 270 millions pounds (half a billions $AUS) spent to achieve just 2 partially fracked horizontal wells there is still no answer or certainty to the commercial viability of UK shale. Nor there is a workable way forward for seismic regulations. With all that money and times spent, the industry has actually gone backward to the same situation where it was in 2010 with the current moratorium and still no idea of the commercial viability of UK shale geology. Long term investors who believe in this UK shale have lost a lot of their hard-earned cashes and times, and still there is no answer due to the lack of update and progresses by Cuadrilla. Have they been misled by Cuadrilla and the industry by keeping investors in the dark? And the Tory government has purposefully withdrawn its promises of support for its political gain in the election despite stating its decision is based on science. Investors in UK shale have been played unfairly by both the industry and the government policy.

A very important question for 2020: Is Cuadrilla already a busted flush OR is it a river card for UK energy security and independence? We need a clear answer from both Cuadrilla and decision makers.