“Uncertainty” over Cuadrilla’s finances

DRILL OR DROP?

Factuality

Ownership

“Uncertainty” over Cuadrilla’s finances

There is “material uncertainty” over the finances of companies in the Cuadrilla oil and gas group, annual accounts have revealed. Gate to Cuadrilla Bowland’s now mothballed Preston New Road site, decorated by opponents. 2022. Photo: Karen Norcross All the companies in the group rely on their parent company, the Australian mining group, A J Lucas Group Limited (AJL). Seven of the subsidiaries involved in oil and gas exploration reported they had…