UK regulator the OGA fail to conduct financial health checks on Third Energy for over 2 years despite concerns over the fracking firms financial stability

A Frack Free North Yorkshire (FFNY) investigation has revealed that the Oil & Gas Authority (OGA) which is widely seen as a key government body for regulating the Fracking industry,  hasn't completed a financial 'competence' check on Third Energy since November 2014, despite the controversial fracking firm recording a loss of over £3million in its latest set of published … [Read more...]

Third Energy’s poor financial status continues after company declares huge loss in latest accounts

A fantastic report published by Drill or Drop on the 23/02/17  has revealed, Third Energy UK Gas Limited – the company behind fracking plans at Kirby Misperton in North Yorkshire – made a loss of £3.854m in 2015. Full text shown below (photos added by FFNY); It owed more than £50m to parent and sister companies and turnover was less than half that of the previous … [Read more...]