AJ Lucas gas project receives UK Government consent

Company News

by Jessica Ellerm


AJ Lucas Group Limited (ASX:AJL) has announced it has received final planning consent from the UK Government for an exploration site in Lancashire.

The company has reported they are also likely to obtain consent for an additional and related project at Roseacre Wood.

Drilling is expected to commence in Q2 of the 2017 calendar year, ready for flow testing in early 2018.

The approval is a major win for the business, who's previous planning applications were rejected by the local Lancashire council.

AJ Lucas Group Limited reported a net loss of $19.5 million at 30 June 2016.


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