AJ Lucas Group - Riverstone’s interest in Cuadrilla acquisition
AJ Lucas (AJL) has acquired Riverstone’s interest in the UK shale gas explorer, Cuadrilla Resources. As a result, AJL’s holding in Cuadrilla will increase from 47.6% to c 93%. Under the terms of Cuadrilla’s shareholders’ agreement, AJL has offered to acquire the shares of Cuadrilla’s remaining shareholders on the same terms as those being acquired from Riverstone; this step is now underway. The remaining shares are primarily held by current and former Cuadrilla employees. The transaction should simplify decision making and alignment as AJL and Cuadrilla continue to work with regulators and other UK shale gas operators, providing information to allow the UK government to lift the current moratorium on hydraulic fracturing.AJ Lucas Group is an infrastructure, construction and mining services group focusing on providing services to the energy, water and wastewater, resources and property sectors. Co. has three operating segments: drilling, which provides drilling services for the degasification of coal mines and the recovery and commercialization of coal seam gas and associated services; engineering and construction, which provides construction and civil engineering services, as well as installation of conduits and pipes using horizontal directional drilling; and oil and gas, which explores for and commercializes unconventional and conventional hydrocarbons in Europe, Australia and the U.S.
Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.
.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.