AJ Lucas Group Limited operates as a diversified infrastructure, construction, and mining services company. AJ Lucas provides services, especially drilling services, to the energy, water and wastewater, resources, and property sectors.
AJ Lucas ASX code AJL … AJ Lucas share price … AJ Lucas website
AJ Lucas operates in three segments: Drilling; Engineering and Construction; and Oil and Gas.
° The Drilling segment offers drilling services to the coal and coal seam gas industries for the degasification of coal mines and the recovery and commercialization of coal seam gas and associated services. AJ Lucas drilling operations include the Illawarra, Hunter and Narrabri regions of NSW and the Bowen Basin in Central Queensland.
° The Engineering and Construction segment engineers and constructs civil infrastructure and commercial development projects, including desalination plants, power stations, gas and water pipelines, and office buildings. This segment is also involved in the trenchless installation of pipes and conduits using horizontal directional drilling and micro trenching.
° The Oil and Gas segment is engaged in the exploration and commercialization of unconventional and conventional hydrocarbons.
AJ Lucas has operations primarily in Australia, UK and the United States and is headquartered in Brisbane, Australia.
Lucas and their UK subsidiary Cuadrilla, own interests in a number of gas licences at Bowland, Elswick (both in partnership with Spirit Energy) and Balcombe (in partnership with Angus Energy) in the UK.
In the UK, AJ Lucas (96%) owns 96% of Cuadrilla, an exploration company focused on discovering and recovering natural resources, primarily natural gas, from shale rock. All exploration and production in shale requires using fracking technology. Cuadrilla was incorporated in the UK in 2007 and is headquartered in Bamber Bridge, Lancashire in the United Kingdom.
More: Meet the Frackers: Gas explorers in Australia
Cuadrilla in the news:
UK GOVERNMENT REIMPOSES MORATORIUM ON HYDRAULIC FRACTURING IN ENGLAND
October 27, 2022 – “The last few months have highlighted the risks associated with ever increasing reliance on expensive, uncertain, and higher emission gas imports. Today’s WMS cements that reliance in the face of what is acknowledged to be a significant ongoing requirement for gas out to at least 2050.”
UK GOVERNMENT LIFTS MORATORIUM ON HYDRAULIC FRACTURING IN ENGLAND
September 22, 2022 – “The last few months have highlighted the risks associated with ever increasing reliance on expensive, uncertain, and higher emission gas imports. Today’s WMS sets the foundation for us to move towards gas self-sufficiency, and not be reliant on the whims of dictators, or the vagaries of international supply lines and prices.”
2013 result: AJ Lucas total revenue fell 41.5% to $295 million as weak commodity prices and client focus on cost reduction cut drastically into sales. Net loss dragged down another 15% to hit $127 million, while basic loss per share was $0.976
According to Macroaxis, the company has return on total asset (ROA) of (6.6) % which means that it has lost $6.6 on every $100 spent on asset. This is way below average. Similarly, it shows return on equity (ROE) of (137.14) % meaning that it generated substantial loss on money invested by shareholders.
A.J.Lucas share price, down 13.51% today, down to 0.03 cents from about $1.45 10 years ago.
TOP 20 SHAREHOLDERS (AS AT 29 JULY 2022)
| Name | Number of ordinary shares held | % of issued shares |
| Kerogen Investments No. 1 (HK) Limited | 779,888,166 | 65.19 |
| Mr Paul Fudge | 54,101,840 | 4.52 |
| Citicorp Nominees Pty Limited | 50,833,529 | 4.25 |
| Amalgamated Dairies Limited | 41,636,217 | 3.48 |
| HSBC Custody Nominees (Australia) Limited | 17,906,495 | 1.50 |
| HSBC Custody Nominees (Australia) Limited – A/C 2 | 15,274,471 | 1.28 |
| BNP Paribas Nominees Pty Ltd IB AU NOMS RETAILCLIENT DRP | 14,163,122 | 1.18 |
| National Nominees Limited | 11,388,009 | 0.95 |
| Mr Robert Alexander Hoad + Ms Jacquelyn Maria Hoad SUNSHINE INVESTMENTS A/C | 9,100,000 | 0.76 |
| ADEMSA PTY LTD | 8,500,367 | 0.71 |
| Inkese Pty Ltd | 6,475,000 | 0.54 |
| BNP Paribas Nominees Pty Ltd | 6,020,344 | 0.50 |
| Mr Michael Jefferies + Mrs Julie Jefferies THE JEFFERIES SUPER FUND A/C | 5,085,708 | 0.43 |
| Mr Jay Hughes + Mrs Linda Hughes INKESE SUPER A/C | 5,000,000 | 0.42 |
| Neweconomy Com AU Nominees Pty Limited 900 ACCOUNT | 4,987,981 | 0.42 |
| Mr Raymond Francis Frew + Mrs Gillian Margaret Frew | 4,320,000 | 0.36 |
| Mrs Lenore Ann Hanks + Mr Micheal David Hanks BROADWILL FAMILY A/C | 4,000,000 | 0.33 |
| Kaufman Blair & Associates Limited | 3,981,924 | 0.33 |
| Avenue 8 Pty Limited Gan Super Fund A/C | 3,750,000 | 0.31 |
| Mr Tue Gia Nguyen | 3,700,000 | 0.31 |
1,050,113,173 total shares accounting for 87.77% of the company
