Third Energy UK - Revision history

Melissa Jones at 13:05, 12 July 2019

2019-07-12T13:05:52Z

Melissa Jones at 13:28, 11 July 2019

2019-07-11T13:28:13Z

Melissa Jones: /* People */

2019-07-11T13:23:46Z

People

Melissa Jones: /* Lobbyists */

2019-07-11T13:20:58Z

Lobbyists

Melissa Jones: /* Lobbyists */

2019-07-11T13:20:25Z

Lobbyists

Melissa Jones at 13:18, 11 July 2019

2019-07-11T13:18:26Z

Melissa Jones at 13:11, 11 July 2019

2019-07-11T13:11:49Z

Melissa Jones: sale to York concluded

2019-07-10T05:12:22Z

sale to York concluded

Melissa Jones at 14:36, 1 July 2019

2019-07-01T14:36:01Z

Melissa Jones at 10:22, 27 June 2019

2019-06-27T10:22:19Z

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 Alpha's CEO [[Tom Reed]] commented: “We are pleased to be working with the Third Energy team to develop the group’s energy and generation business, and look forward to constructive engagement with all stakeholders in Third Energy’s next stage of development.” Closing of the sale was subject to satisfaction of agreed conditions precedent, including regulatory review according to Third Energy Holding's April press release.<ref> Third Energy, [https://www.third-energy.com/sites/default/files/Third%20Energy%20press%20release%20250419.pdf THIRD ENERGY agrees sale of onshore business], press release 25 April 2019 </ref> On 9 July 2019 the company announced these had been concluded and that it had sold the entire share capital of Third Energy Onshore Limited. (The company had already completed the sale of its offshore company to [[Hague and London Oil]] plc in December 2018.).
-The current management and staff of Third Energy Onshore, which also runs a power generating station in East Knapton, North Yorkshire, are being retained. Former chief operating officer[[Alan Linn]], has been named as its chief executive officer. <ref> Chris Burn, [https://www.yorkshirepost.co.uk/news/latest-news/fracking-fears-reignited-for-yorkshire-village-as-us-firm-buys-shale-gas-company-third-energy-1-9869770 Fracking fears reignited for Yorkshire village as US firm buys shale gas company Third Energy], ''The Yorkshire Post'', 10 July 2019, accessed 11 July </ref>
+The current management and staff of Third Energy Onshore, which also runs a power generating station in East Knapton, North Yorkshire, are being retained. Former chief operating officer [[Alan Linn]], has been named as its chief executive officer. <ref> Chris Burn, [https://www.yorkshirepost.co.uk/news/latest-news/fracking-fears-reignited-for-yorkshire-village-as-us-firm-buys-shale-gas-company-third-energy-1-9869770 Fracking fears reignited for Yorkshire village as US firm buys shale gas company Third Energy], ''The Yorkshire Post'', 10 July 2019, accessed 11 July </ref>
 <br> <br>
 ==Background==

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 In January 2018, with the company's latest accounts five months overdue, pressure from campaigners and Nth Yorkshire residents saw UK business secretary [[Greg Clark]] subsequently announce that no decision would be made to give Third Energy the go-ahead to frack at its Kirby Misperton (KM8) well site until the company had submitted the overdue accounts and the Treasury had assessed its financial resilience, including its ability to clean up the site after operations ended.
-That same month, one of the firm's key directors [[John Dewar]] resigned as a company director. By September two high-profile directors, Keith Cochrane and [[Lord Ghadia]] had also stepped down from the board. With all equipment removed from the site, news reports revealed that no fracking operations were likely to start before the end of 2018. Many commentators speculated that Third's KM8 site was all but over.
+That same month, one of the firm's key directors [[John Dewar]] resigned as a company director. By September two high-profile directors, Keith Cochrane and [[Lord Ghadia]] had also stepped down from the board. With all equipment removed from the site, news reports revealed that no fracking operations were likely to start before the end of 2018. Many commentators speculated that Third's KM8 site was all but finished.
 In February 2019, however, it emerged that the company had submitted new plans to the Oil and Gas Authority, committing it to frack at KM8 within the current year. Then in April, Third Energy Holdings Ltd announced it had sold its onshore gas business, including the North Yorkshire well sites, to [[York Energy (UK)]] Holdings Ltd, a Caymans-registered affiliate company of US-based [[Alpha Energy]].

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 ==People==
-*[[Rasik Valand]] (CEO) - a co-founder of Third Energy
+*[[Alan Linn]], chief executive of Third Energy Onshore as of July 2019, former chief operating officer
 *[[Andy Mortimer]]

@@ Line 125: / Line 125: @@
 [[Newgate Communications]] from September 2013 until 31 August 2018 <ref> APPC register last checked for quarter ending 31 August 2018. </ref> Former journalist turned lobbyist [[Jason Nisse]] handled Third's account from late 2014 until his departure in mid-2017, as well as the industry trade body group [[UKOOG]] account.
-In September 2018 the Guardian reported that Newgate was no longer retained by Third, due to the uncertainty over when the fracking firm would be given the go-ahead its Nth Yorkshire site. Newgate was still listing Third as a client on the APPC register in the quarter up until 31 August so it's not clear exactly when it ceased working with Third.<Ref> [https://www.appc.org.uk/register/profile/?company=Newgate%20Communications Newgate Communications], APPC Lobbying register, last checked 21 September 2018 </ref>
+In September 2018 the Guardian reported that Newgate was no longer retained by Third, due to the uncertainty over when the fracking firm would be given the go-ahead at its Nth Yorkshire site. Newgate was still listing Third as a client on the APPC register in the quarter up until 31 August so it's not clear exactly when it ceased working with Third.<Ref> [https://www.appc.org.uk/register/profile/?company=Newgate%20Communications Newgate Communications], APPC Lobbying register, last checked 21 September 2018 </ref>
 ==Constituencies including Third Energy licences==

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 The investigation came after a [[DEFRA]] report was released, which warned properties located within a five-mile radius of a fracking operation may incur an insurance premium. <ref> Andy Rowell, [http://www.independent.co.uk/news/uk/home-news/householders-affected-by-floods-face-insurance-double-whammy-if-they-live-nearby-planned-fracking-a6804476.html Householders affected by floods face insurance double-whammy if they live nearby planned fracking sites], ''Independent'', 9 January 2016, accessed 6 January 2017. </ref>
 ==Lobbyists==
-*[[Newgate Communications]] from September 2013 until 31 August 2018 <ref> APPC register last checked for quarter ending 31 August 2018. </ref> Former journalist turned lobbyist [[Jason Nisse]] handled Third's account from late 2014 until his departure in mid-2017, as well as the industry trade body group [[UKOOG]] account.
+[[Newgate Communications]] from September 2013 until 31 August 2018 <ref> APPC register last checked for quarter ending 31 August 2018. </ref> Former journalist turned lobbyist [[Jason Nisse]] handled Third's account from late 2014 until his departure in mid-2017, as well as the industry trade body group [[UKOOG]] account.
 In September 2018 the Guardian reported that Newgate was no longer retained by Third, due to the uncertainty over when the fracking firm would be given the go-ahead its Nth Yorkshire site. Newgate was still listing Third as a client on the APPC register in the quarter up until 31 August so it's not clear exactly when it ceased working with Third.<Ref> [https://www.appc.org.uk/register/profile/?company=Newgate%20Communications Newgate Communications], APPC Lobbying register, last checked 21 September 2018 </ref>
 ==Constituencies including Third Energy licences==

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 {{#ev:youtube|https://www.youtube.com/watch?v=3842zAe3AXg|450|right|''Rasik Vasland on Third Energy’s plans in North Yorkshire. ITV News interview starts at 0.53secs''}}
-'''Third Energy UK Gas''' is a gas exploration company, previously known as [[Viking UK Gas]] Ltd (until November 2013) and [[Tullow UK Gas]] Ltd (1999-2003). Its entire onshore business was bought by [[York Energy (UK)]] in April 2019, two years after its parent company [[Barclays]] had said it would sell its 97 per cent holding.
+'''Third Energy UK Gas''' is a gas exploration company, previously known as [[Viking UK Gas]] Ltd (until November 2013) and [[Tullow UK Gas]] Ltd (1999-2003). Its entire onshore business was bought by [[York Energy (UK)]] in April 2019, two years after its parent company [[Barclays]] had said it would sell its 97 per cent stake.
 Third Energy UK had been losing money for years. Not long after Third was revealed in February 2017 to have recorded yet another profit loss, this time £3.8m for the 2015 financial year, Barclays announced at its AGM that it planned to sell its share in the firm 'in the near future'.<br>
@@ Line 10: / Line 10: @@
 In February 2019, however, it emerged that the company had submitted new plans to the Oil and Gas Authority, committing it to frack at KM8 within the current year. Then in April, Third Energy Holdings Ltd announced it had sold its onshore gas business, including the North Yorkshire well sites, to [[York Energy (UK)]] Holdings Ltd, a Caymans-registered affiliate company of US-based [[Alpha Energy]].
-Alpha's CEO [[Tom Reed]] commented: “We are pleased to be working with the Third Energy team to develop the group’s energy and generation business, and look forward to constructive engagement with all stakeholders in Third Energy’s next stage of development.” Closing of the sale was subject to satisfaction of agreed conditions precedent, including regulatory review according to Third Energy Holding's April press release.<ref> Third Energy, [https://www.third-energy.com/sites/default/files/Third%20Energy%20press%20release%20250419.pdf THIRD ENERGY agrees sale of onshore business], press release 25 April 2019 </ref> On 9 July 2019 the company announced these had been concluded and that it had sold the entire share capital of Third Energy Onshore Limited. (The company had already completed the sale of its offshore company to [[Hague and London Oil]] plc in December 2018.)
+Alpha's CEO [[Tom Reed]] commented: “We are pleased to be working with the Third Energy team to develop the group’s energy and generation business, and look forward to constructive engagement with all stakeholders in Third Energy’s next stage of development.” Closing of the sale was subject to satisfaction of agreed conditions precedent, including regulatory review according to Third Energy Holding's April press release.<ref> Third Energy, [https://www.third-energy.com/sites/default/files/Third%20Energy%20press%20release%20250419.pdf THIRD ENERGY agrees sale of onshore business], press release 25 April 2019 </ref> On 9 July 2019 the company announced these had been concluded and that it had sold the entire share capital of Third Energy Onshore Limited. (The company had already completed the sale of its offshore company to [[Hague and London Oil]] plc in December 2018.).
 <br> <br>
 ==Background==

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 The company has drilling rights across a 154 square mile area around the Vale of Pickering, which sits above part of the Bowland shale formation which stretches from Cheshire to Yorkshire and is estimated to hold around 1,300 trillion cubic feet of shale gas.
-According to campaign group FrackOff there was a degree of stealth involved:
+According to campaign group FrackOff, there was a degree of stealth involved:
 :'''Viking UK Gas''' (a subsidiary of '''Third Energy''') was caught using [[Cuadrilla]]’s drilling rig (which is now drilling for [[IGas]] at Barton Moss) to drill a deep well into the Bowland Shale at Kirby Misperton in North Yorkshire. The primary target of the well was the conventional Skipton Moor Grit formation but the well was drilled to a total depth of around 9,000 ft, below the bottom of the Bowland Shale. Core sampling the Bowland Shale at Kirby Misperton is just one small step towards fracking Yorkshire, but given that slowly creeping forward seems to be the name of the game at the moment, all these small steps need to be fought or full-scale fracking will soon be a reality.
@@ Line 120: / Line 120: @@
 The investigation came after a [[DEFRA]] report was released, which warned properties located within a five-mile radius of a fracking operation may incur an insurance premium. <ref> Andy Rowell, [http://www.independent.co.uk/news/uk/home-news/householders-affected-by-floods-face-insurance-double-whammy-if-they-live-nearby-planned-fracking-a6804476.html Householders affected by floods face insurance double-whammy if they live nearby planned fracking sites], ''Independent'', 9 January 2016, accessed 6 January 2017. </ref>
 ==Constituencies including Third Energy licences==
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 *[[Perenco UK]] Ltd (1999-03-02)
 *[[Kelt UK]] Ltd (1995-08-04)
 ==Affiliations==

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 That same month, one of the firm's key directors [[John Dewar]] resigned as a company director. By September two high-profile directors, Keith Cochrane and [[Lord Ghadia]] had also stepped down from the board. With all equipment removed from the site, news reports revealed that no fracking operations were likely to start before the end of 2018. Many commentators speculated that Third's KM8 site was all but over.
-In February 2019, however, it emerged that the company had submitted new plans to the Oil and Gas Authority, committing it to frack at KM8 within the current year. Then in April, Third Energy Holdings Ltd announced it had sold its onshore gas business, including the North Yorkshire well sites, to [[York Energy (UK)]] Holdings Ltd, an affiliate of a Caymans-registered company [[Alpha Energy]].
+In February 2019, however, it emerged that the company had submitted new plans to the Oil and Gas Authority, committing it to frack at KM8 within the current year. Then in April, Third Energy Holdings Ltd announced it had sold its onshore gas business, including the North Yorkshire well sites, to [[York Energy (UK)]] Holdings Ltd, a Caymans-registered affiliate company of US-based [[Alpha Energy]].
 Alpha's CEO [[Tom Reed]] commented: “We are pleased to be working with the Third Energy team to develop the group’s energy and generation business, and look forward to constructive engagement with all stakeholders in Third Energy’s next stage of development.” Closing of the sale is subject to satisfaction of agreed conditions precedent, including regulatory review according to Third Energy's press release.<ref> Third Energy, [https://www.third-energy.com/sites/default/files/Third%20Energy%20press%20release%20250419.pdf THIRD ENERGY agrees sale of onshore business], press release 25 April 2019 </ref> Third Energy had already completed the sale of its offshore company to [[Hague and London Oil]] plc in December 2018.