UK fracking uncertainty brings $157m hit for Lucas

AJ Lucas - view from inside a drill rig cabin

The United Kingdom’s off again-on again fracking ban has seen Queensland-based AJ Lucas Group write down the full $157.3 million value of its UK onshore gas exploration assets. But strong demand for its services in Australia saw the drilling and gas exploration group reported an EBITDA of $14.83 million for the six months to December […]

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Industry Queensland
Industry Queensland