AJ Lucas Struggles To Raise Capital Amid UK Fracking Ban
Investors have ignored AJ Lucas’ latest attempt to raise money for its UK oil and gas exploration efforts.
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Aj Lucas Group Limited
Founded in Sydney, Australia in the 1950’s, the company became a highly specialised mining and infrastructure service provider in Australia. AJ Lucas listed on the Australian Stock Exchange in 1999 and saw considerable growth in the following years, concentrating on the resources market and undertaking significant projects in the Water, Oil and Gas segments.
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AJ Lucas Shares Slammed On Funding Shortfall
Shares in would be UK fracker, AJ Lucas Group copped a hiding yesterday, plunging 25.5% to 6.7 cents at the close after it revealed a huge shortfall from shareholders to its latest fundraising.
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AJ Lucas Will Have First Half Loss
Shares in AJ Lucas Group fell more than 10% after the company told shareholders to brace themselves for disappointing half-year results.
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