Cuadrilla raises £37.5m for Lancs shale hunt
10th July 2012
THE company whose efforts to find shale gas caused a series of mini-earthquakes in Lancashire last year has raised more than £37m from investors to carry on its exploration.Cuadrilla Resources, which is jointly backed by Australian contractor firm Lucas and US-based investment funds held by Riverstone Capital and Carlyle Group, carried out five separate funding rounds between March 2011 and May this year, raising a total of $58.3m (£37.5m) from investors, according to newly-filed accounts.Cuadrilla was set up in 2007 an......for the full story register now for free or login below...
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