Celtique Energie withdrew from the Public Enquiry when they appealed to the unanimous refusal by West Sussex County Council to permit their application for exploratory drilling on the borders between the villages of Kirdford and Wisborough Green.
Since then, the world has seen falling oil prices from a high of $114 a barrel in 2014 to now less than $30 a barrel, which has had a huge effect on Shale Gas. With the sanctions on Iran being lifted we are likely to see this figure reduce even further. Investors in fracking companies are finding that their ‘get rich quick’ investments are not giving them the rewards they anticipated. So much so, there are some companies in the US that are almost bankrupt.