The company explores and develops gas and oil reserves at onshore locations in the northwest of England, in north Wales, in the East Midlands and in southern England.
With almost a decade of experience in onshore drilling, IGas is able to exploit prolific and lower-cost hydrocarbon reserves which contribute to Britain’s energy security while at the same time delivering value to IGas investors.
07/05/12
The fact that oil giant Royal Dutch Shell (LON:RDSB) confirmed in recent weeks its interest in UK shale points to the growing significance of this energy source. Finance chief Simon Henry was quoted as saying Shell was "taking a look" at the potential in the UK.
17/04/12
Interest in Britain’s shale gas prospects was lifted today as a government appointed panel gave the green light for hydraulic ‘fracking’ to resume in Northern England.
02/04/12
IGas’s shale gas reserves at its Ince Marshes prospect in Cheshire could be double its previous estimates and it is now looking for a farm-in partner.
27/01/12
The British oil and gas firm has made an unexpected shale gas discovery near Warrington. But this won’t distract attention from its plans to develop a commercial coal bed methane operation.
26/01/12
An exploration well has found a ‘very significant’ area of shale gas at the Ince Marshes site in Cheshire. The firm also updated investors on the development of its coal bed methane projects and its conventional oil producing operations, which are currently beating expectations.
19/09/11
Broker says a deal to buy Star Energy Group’s UK onshore production assets turns the firm into a cash-generative oil producer. The firm has also made progress at its Doe Green coal-bed methane project
19/09/11
A deal to buy Star Energy’s UK onshore production assets brings 11.1 million barrels of oil equivalent 2P reserves to IGas for an estimated US$12.70 per barrel. The firm has also made progress at its Doe Green coal-bed methane project.
23/05/11
IGas is preparing for an expanded drill programme with 4 -6 wells planned in the coming months. RBS analyst Phil Corbett, who upgraded the stock today, reckons the drill programme will help IGas convert resources into reserves but more importantly it could give investors more confidence in the viability of CBM.
02/02/11
IGas Energy has been in the headlines of late – for all the right reasons, of course. And it seems the company is also turning some heads in the Square Mile. It features in the list of top oil sector picks compiled by broker Numis, which looks at a handful of UK-focused unconventional plays. This builds on recent 'buy' recommendations from influential City pair Goldman Sachs and Royal Bank of Scotland.
31/01/11
Domestic gas producer IGas revealed this morning it is buying the UK assets of Nexen Petroleum in an all paper deal. It is issuing 39.7 million shares to Nexen worth £26.6 million at Friday’s close, or the equivalent of 29.9 per cent of the company’s enlarged equity base.
02/01/11
Fear not if you found a lump of coal in your stocking this Christmas. It could actually be worth more than you think. For with the emergence of coal bed methane as a viable, alternative source of energy, the fossil fuel may make something of a comeback in 2011.
19/10/10
The group increased average gas production at its Doe Green site near Warrington in Cheshire by about 40%. It also reported that an independent review of the gas potential of its Holywell shale has put the unrisked GIIP estimate at 1.95 trillion cubic feet.
12/04/10
The group's focus on unconventional gas supply took an encouraging turn recently after it was announced a significant shale resource was discovered within their acreage.
26/01/10
The group is on track to start full-scale production in 2011 and estimates it has enough capacity to supply electricity to around seven percent of UK households for 15 years.
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