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Who are the Cuadrilla Group fracking in the UK



After announcing that the recent find of gas in the ground in Lancashire, the government extended the license for Cuadrilla to carry on drilling while also breaking the news that the people who live here will get NO BENEFITS WHAT SO EVER!, Gas prices will NOT come down.

So I wondered who is stealing OUR RESOURCES, who's bum pals with Cameroon, the latest Clown to occupy Government. Here what I found out!


Like many medium-sized companies, Cuadrilla is a network of companies owned by a parent. The parent is the most important bit: this ‘holding company’ is Cuadrilla Resource Holdings Ltd (CRH).
CRH owns nine further UK companies, and seven in Europe (see below for
all CRC’s companies). Each company is seperate from, but owned by, CRH.
CRH is evidently an attractive company to work for – directors include Lord Browne,
ex head of BP. And while the company has yet to produce any profit, the
12 directors awarded themselves $3,200,000 in wages and shares in 2010.
In the period 31 Dec 09 to 10 CRH spent $8,579,000 on operating expenses, $8,976,000 on admin, generating a total loss of $17,638,000 (includes some other minor expenses).


It’s operations include management services (via Caudrilla Resouces Ltd), technical services (via Cuadrilla Well Services Ltd) as well as exploration operations (via four further companies). An anomaly is Elswick Resources which produces electricity production from a conventional gas well – see here.


History


As of 31st December 2009, a Bermuda company, Cuadrilla Resources Corporation Ltd (CRC) was the parent company for all Cuadrilla’s subsiduaries. The controlling party was then AJ Lucas Group Ltd (Australia) – the initial investors.


On 15 February 2010 another company, Cuadrilla Resource Holdings Ltd
(CRH), took over CRC and became the main parent of the group. AJ Lucas
had evidently doing some fundraising: they enticed a second investor, Riverstone/ Carlyle Global Energy and Power Fund IV, to join them in owning Cuadrilla’s activities.
Riverstone/ Carlyle Global Energy and Power Fund IV bought 40.9% of the shares for $37,075,000, valuing the company at around $90m. Lucas Caudrilla PTY Ltd retained 40.9% and the management team also got 18.2% of the share capital.


15th February 2010 was a signature moment for the company. At this
point most of the current directors also joined CRH’s board. Riverstone/
Carlyle evidently brought with them some major oil and gas firepower – 8 of the twelve then directors joined at this point.
Because the company was Bermuda based it’s difficult to ascertain
what went on before 15th Feb 2010. However there are some interesting
anomalies: one Hubert Ashton was appointed ten days before this date,
and resigned on the 15th. Gregory Beard joined the board on the 15th,
and then resigned on the 12th May, to be replaced by N John Lancaster
Jr. Meanwhile Chris Cornelius resigned on the 8th November, to be
replaced by the current head of UK operations, Mark Miller. Riverstone/
Carlyle’s new board, it seems, was exerting its will.
See more on our info graphic Cuadrilla Resouce Holdings – details


Companies owend by Cuadrilla Resource Holdings


Cuadrilla Resources Ltd – Management services to subsiduaries
Caudrilla Well Services Ltd – Services for oil and gas exploration
Elswick Resources Ltd – Electricity production
Bowland Resources Ltd – Oil and gas exploration
Bolney Resources Ltd – Oil and gas exploration
Tanglewood Resources Ltd – Oil and gas exploration
Susquehanna Natural Resources Co – Oil and gas exploration
Caudrilla Hungary Ltd (UK) – Investment holding
Caudrillco Ltd (UK) – Not trading
Hardenburg Resources BV (Netherlands) – Oil and gas exploration
Brabant Resrouces BV (Netherlands) – Oil and gas exploration
Hardenburg Rsources BV (Germany) – Oil and gas exploration
Cuadrilla Austria GmbH (Austria) – Oil and gas exploration
Caudrilla Poland SpZo o (Poland) – Oil and gas exploration
Caudrilla Resources Iberia SL (Spain) – Oil and gas exploration
Cuadrilla Morova SRO (Czech Republic) – Oil and gas exploration

Original Websource


Added: Dec-13-2012 Occurred On: Dec-13-2012
By: MrScabs
In:
Regional News
Tags: UK, Cuadrilla, fracking, lancashire
Location: England, United Kingdom (UK/GB) (load item map)
Views: 1445 | Comments: 41 | Votes: 2 | Favorites: 0 | Shared: 1 | Updates: 0 | Times used in channels: 2
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  • You're not seeing a penny and you're losing your water.

    Posted Dec-13-2012 By 

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  • Welcome to the fracking world Fools!! You voted them in!!

    Posted Dec-13-2012 By 

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  • Comment of user 'MAKMAK' has been deleted by author (after account deletion)!
  • Fracking sounds like a porn tube site category.

    Posted Dec-13-2012 By 

    (1) | Report

    • @Freakster It IS porn in a way because it is indecent and obscene.

      Posted Dec-13-2012 By 

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    • Comment of user 'Thus_Spake_Snarf' has been deleted by author (after account deletion)!
  • has it made gas cheaper ...not that i have seen anyway.

    Posted Dec-13-2012 By 

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    • Comment of user 'MrScabs' has been deleted by author (after account deletion)!
    • @MrScabs its a disgrace they caused this recesion to empty folks savings take back the homes when folks can't pay and re sell them to housing associations owned by the bankers and associates....bastards.

      Posted Dec-13-2012 By 

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    • @MrScabs And me and I'm not a TOff. I see we are back to the politics of the 80s, the politics of envy. If you think Toffs have it so good become one. Simples.

      Posted Dec-14-2012 By 

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  • Comment of user 'Sean4u' has been deleted by author (after account deletion)!
  • if they are able to extract oil in large ammounts the uk will benifit in many ways ,including job creation and housingbfor workers,taxes and the impact on local business .it is also a fact that they are many other sites in the uk that can be tapped in this way

    Posted Dec-13-2012 By 

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  • NO CHOICE and I have poor grammar skills.

    Posted Dec-13-2012 By 

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    • @evilscotsman but you make up for it wi team selection!

      Posted Dec-13-2012 By 

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    • Comment of user 'Thus_Spake_Snarf' has been deleted by author (after account deletion)!
  • Comment of user 'Blue3tar' has been deleted by author (after account deletion)!
  • i live in lancashire and i dont mind the fact that there fracking its cheap fuel and it is estimated that lancashire alone holds (in oil terms) reserves of a trillion barrels what i dont like is how shady these companies seem to be and who actually owns them. the money made should pour in to lancashire and then the rest of the country not be horded by some companies that seem dodgy as fuck

    Posted Dec-13-2012 By 

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    • @fentx How can you be OK with fracking? I live in Blackpool & may be affected by this more than you!

      We'll not see any savings on utility bills or any money from this endeavor. This company will steal the wealth literally from under our feet & leave us nothing but a polluted & poisoned water table with unstable ground!

      Posted Dec-14-2012 By 

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    • @lo-pan i agree with you i dont like the company at all and i dont like how it is a private firm full stop i think it should be owned and run by a local company with all money made coming directly in to lancs and us seeing utility bills slashed. also with a local firm and local people running it there would be a lot more care taken with the enviroment. at the end off the day they know its there and they will never leave money under the ground so far away from london

      Posted Dec-14-2012 By 

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    • @fentx Fuck 'em, I going to get involved in this "Frack Off!" campaign!

      Posted Dec-14-2012 By 

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    • @lo-pan i maybe didnt make my point as well as i would have liked to i am for it to happen if it is done in the right way that benefits us who live in the local area in a way that the mills off the old did but like you i dont want to see our land and our local people bent over and raped for what is actually something i belive is ours. and like you said you live nearer so it will affect you more than me so i can understand you getting involved in the campaign

      Posted Dec-14-2012 By 

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  • damn i would be pissed if i lived in lancashire

    Posted Dec-13-2012 By 

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  • pumping chemicals into the ground - one of the worst ideas ever

    Posted Dec-13-2012 By 

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  • Make it a tourist attraction by lighting public fountains on fire.

    Joking aside, this really sucks. Looks like a beautiful town judging by google earth pictures.

    Posted Dec-13-2012 By 

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    • @horny devil Elswick is a typical old English village, small, pretty, quiet & dependant on farming, it's a shame what it'll be turned into! In the list of companies the at end it also mentions Bowland, The Forest of Bowland is known as an area of outstanding natural beauty & now it'll be raped & turned to shit too!

      I live 8 miles west of Elswick in Blackpool (The nearest large urban area) & this will definitely affect us to some degree! I don't want this at all, but as usual our More..

      Posted Dec-14-2012 By 

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  • its only blackpool

    Posted Dec-13-2012 By 

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  • They will never give goyem money, not even a penny.

    Posted Dec-13-2012 By 

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