He died at a hospice near his home in Lytham St Annes on Sunday night, following a short illness.
BBC: Mr & Mrs gameshow host Derek Batey dies aged 84
But Williams, originally from Lytham St Annes, is keen to stress that reports of an imminent takeover are incorrect.
BBC: Investor confirms Blackburn talks
The firm announced it is to apply to resume fracking at its Anna's Road site in St Annes on Monday.
BBC: Lancashire shale gas 'could be worth billions'
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