Egan said that Cuadrilla intend to float the company on the stock market if Lancashire exploration was successful, to raise funding. He said the company (currently financed by Cayman Islands-based Riverstone Holdings, and A J Lucas, an Australian company which is finding it hard to stay afloat without its Chinese backing, plus a minor stake by Centrica) would look to “go to equity markets or the debt markets to scale up”.

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