Change of control of EDL165

Benjamin Dean made this Freedom of Information request to Oil and Gas Authority

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Dear Oil and Gas Authority,

Please treat this email as a request for information under the Environmental Information Regulations 2004, alternatively the Freedom of Information Act 2000.

On the 4th February 2020 Cuadrilla, the owner of PEDL165 announced in a press release that A J Lucas Group Limited (AJL) had acquired all of Riverstone's shareholding in Cuadrilla.

This acquisition increased AJL's holding in Cuadrilla from 47.6% to approximately 93% and constituted a change of control of PEDL165.

Please confirm that the OGA:

a. Received an application from AJL, Riverstone and Cuadrilla for the change of control of PEDL165;
b. The OGA has undertaken its financial viability and resilience tests as noted in its own Financial Guidance dated August 2018 for AJL, Riverstone and Cuadrilla Resources;
c. Whether the OGA has issued a Letter of Comfort to AJL?

Yours faithfully,

Benjamin Dean

OGA FOI requests, Oil and Gas Authority

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Dear Mr Dean,
 
Please find attached the OGAs response to your FOI request.
 
Yours sincerely,
 
FOI Officer.
 
 
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-----Original Message-----
From: Benjamin Dean <[1][FOI #643795 email]>
Sent: 06 February 2020 16:39
To: OGA FOI requests <[2][Oil and Gas Authority request email]>
Subject: Freedom of Information request - Change of control of EDL165
 
Dear Oil and Gas Authority,
 
Please treat this email as a request for information under the
Environmental Information Regulations 2004, alternatively the Freedom of
Information Act 2000.
 
On the 4th February 2020 Cuadrilla, the owner of PEDL165 announced in a
press release that A J Lucas Group Limited (AJL) had acquired all of
Riverstone's shareholding in Cuadrilla.
 
This acquisition increased AJL's holding in Cuadrilla from 47.6% to
approximately 93% and constituted a change of control of PEDL165.
 
Please confirm that the OGA:
 
a. Received an application from AJL, Riverstone and Cuadrilla for the
change of control of PEDL165; b. The OGA has undertaken its financial
viability and resilience tests as noted in its own Financial  Guidance
dated August 2018 for AJL, Riverstone and Cuadrilla Resources; c. Whether
the OGA has issued a Letter of Comfort to AJL?
 
Yours faithfully,
 
Benjamin Dean
 
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