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AJ Lucas Subsidiary Secures £12.5M Settlement Ending UK Shale Dispute
8:32am on Tuesday 12th of August, 2025 AEST
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Energy
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AJ Lucas Subsidiary Secures £12.5M Settlement Ending UK Shale Dispute
8:32am on Tuesday 12th of August, 2025 AEST
Key Points
Settlement of dispute over UK shale gas exploration licences
Cuadrilla Resources received £12.5 million (approx. AUD 26 million)
Carry agreement terminated and no longer in effect
No prior accounting for settlement amount in financials
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