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Markt: AIM
Website: IGas Energy Plc
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IGas Energy Plc

IGas Energy was set up in 2003 to produce and market domestically sources gas from unconventional sources such as coal bed methane (CBM) and shales.

The company is currently operating a pilot project at Doe Green near Warrington, and has planning permission for nine more sites in and around the North West and Staffordshire.

IGas Energy has licences to extract hydrocarbons across the north of Wales and the north of England covering an area of more than 1,756 square kilometers. Its areas of operation are Cheshire, Yorkshire, Staffordshire and the North Wales coast.

Its assets are conveniently close to its customer base, including the national gas network.  As a result IGas is well positioned to achieve high gas prices for its production.  Development of these assets is taking place in conjunction with IGas Energy’s joint venture partner Nexen.

Independent analysis by world leading reservoir engineers, DeGolyer and McNaughton has confirmed that IGas Energy has an estimated net Contingent Recoverable Resource to 807bcf of gas (2C), equivalent to around 135 million barrels of oil.  The range of resource is between 1c of 556Bcf and 3c of 1,176 Bcf.  These estimates were calculated using an extensive database of more than 320 boreholes across the licence areas.  Estimates where statistically aggregated following an individual coal seam basis.

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