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AJL – AJ Lucas Group Ltd

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1 = STRONG BUY | 2 = BUY | 3 = HOLD | 4 = UNDERPERFORM | 5 = SELL

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Company Profile

AJ Lucas Group Limited is an Australia-based specialist service provider to the energy, mining, and infrastructure sectors. The Company’s segments include Lucas Drilling and UK Oil and Gas Investments. The Lucas Drilling segment includes the Australian Drilling business, which provides integrated professional drilling services, predominantly for exploration and degasification of coal mines but may also include the recovery and commercialization of coal seam gas, and associated services. The UK Oil and Gas Investments segment is engaged in the exploration and commercialization of unconventional and conventional hydrocarbons in the United Kingdom. Its Australian Drilling business focuses on drilling services to the Eastern seaboard coal mining industry by providing surface-to-inseam drilling services as well as exploration drilling projects. The Company’s license holdings include Bowland and Elswick Licence, Balcombe Licence and 14th Round Licences-Yorkshire.

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