Latest Uk Shale Gas Exploration News

AJ Lucas delivered a $28.5 million profit in FY2026, reversing a prior loss, driven by a $25.9 million UK settlement and disciplined debt reduction despite subdued Australian drilling activity.

AJ Lucas Group Limited has swung to a $38.9 million half-year profit, buoyed by a significant UK settlement and improved Australian drilling operations despite revenue pressures.

AJ Lucas Group’s UK arm Cuadrilla Resources has settled a long-standing dispute over shale gas licences, receiving £12.5 million and terminating the carry agreement. This resolution clears a financial uncertainty clouding the company’s UK operations.