Cuadrilla outlined its exploration and drilling plans for its properties in the U.K. following the U.K. government's bullish estimates for shale natural gas. The company seeks to test shale deposits at its Lancashire assets and carry out hydraulic fracturing there. "The purpose of all our ongoing exploratory work is to demonstrate that natural gas can be produced from the shale in commercial quantities," said Francis Egan, CEO of Cuadrilla.

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