Company
LON:IGAS
IGas Energy is a leading British oil and gas explorer and developer, producing c.1m barrels of oil and gas equivalent every year from over 100 sites across the country, with significant potential yet to be delivered from our assets.IGas has played a key role in Britain’s onshore energy production; safely exploring, developing and producing onshore oil and gas at our sites for over three decades. Our management and technical teams have many years of experience in onshore energy production and most live and work in the communities in which we operate.IGas is extremely well positioned for the future as we move closer to unlocking Britain’s untapped unconventional oil and gas resources
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The shale gas firm was stifled by a moratorium on fracking in late 2019 and it now plans to use its core competencies in the delivery of a 'zero carbon' energy project near Stoke-on-Trent.
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IGas Energy The decision by the Government for a moratorium on fraccing in the UK has obviously put the cat amongst the pigeons, coming as it did from left field. An abrogation of responsibilities can only be expected during an election cam
"Springs Road ticked every single box from a world-class shale play perspective,”
It is becoming quite clear that broader narratives concerning hydrocarbons, fuel and industrial businesses are changing
"We continue to mature projects across the portfolio as we seek to maximise returns on our existing operations and infrastructure, and in this case are pleased to be moving forward with another low-risk opportunity," said CEO Stephen Bowler
Talks will include community input before any planning application is submitted.
Yet again, we’re talking about politics and regulation rather than wells and production tests.
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IGas and Gulf Keystone are on the agenda, meanwhile Brexit will likely be a talking point for Eddie Stobart Logistics.
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A glance at some of the day's highlights from the Proactive Investors newswire
Investments and investor services
A look at the day's major movers, including IDE Group, Xaar, PhotonStar, Ascent Resources, Northern Bear, Driver Group, Reabold Resources, IGas Energy and Egdon Resources
“The data gathered to date shows that there are significant prospective resources in our East Midlands acreage and is another important step for the UK onshore industry"
Investments and investor services
Straight from the horse's mouth? Not really. It was the deputy head of the Irish government, Simon Coveney, who confirmed that Theresa May will fly to Strasbourg this evening “to try to finalise an agreement, if that’s possible”.
The Government Pension Fund of Norway will decide on Friday whether to offload its US$37bn stake in the industry
“We are delighted to be starting our hydraulic fracturing operations as planned,” said Francis Egan, Cuadrilla chief executive
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Homeware retailer Dunelm, housebuilder Galliford Try and football pitches group Goals Soccer Centres are all due up on what looks set to be a fairly quiet Wednesday in London
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The week ahead includes annual results from Wetherspoons, Galliford Try and Dunelm along with interims from Morrisons and trading updates from AB Foods and Ashtead
