Cuadrilla predicts no fracking in 2020 and looks to conventional prospects

statement from Cuadrilla’s Australian owners, A J Lucas Group Limited today, said:

“The business is actively engaged with other UK shale gas operators and the relevant authorities to provide them with sufficient confidence to allow the return of shale exploration activities under sensible parameters.

“Cuadrilla estimates a return to operations will not take place this calendar year.

“Cuadrilla is also reviewing opportunities within its extensive UK onshore licence acreage for ‘conventional’ oil and gas prospects that would not require hydraulic fracturing to appraise and produce.”

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