Centrica plc has today become a 25 per cent investment partner in the Cuadrilla Resources operated Lancashire Bowland shale gas exploration licence area. The ownership of the joint venture before the transaction was 75per cent Cuadrilla and 25 per cent A J Lucas.

Francis Egan, Cuadrilla's CEO, said:'Today's announcement represents a significant step in our ongoing exploration programme for natural gas within the Lancashire Bowland Basin. Centrica, Cuadrilla and A J Lucas recognise the exciting gas potential that lies within the shale rock in Lancashire.

'Natural gas from UK shale can create thousands of jobs, generate significant tax revenues, reduce our ever increasing reliance on imported coal and gas and make a positive contribution to the country's balance of payments.

'Centrica will bring to the Cuadrilla operated joint venture deep experience of all aspects of natural gas exploration, extraction and transportation and share the commitment of Cuadrilla and A J Lucas to explore for and develop this resource in a safe and environmentally responsible manner.'

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