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IGas is a 'diverse business with lots of opportunities' says CEO Bowler

Onshore UK focused IGas’s (LON:IGAS) production currently is 850,000 barrels per year, but that is dwarfed by its shale acreage in the East Midlands.
This compares favourably with major shale plays in the US, says Bowler, who believes the reserves are sufficient to provide all the UK’s gas needs for up to fifteen years.
A fracking application will be made next year, but even without that Bowler says IGas’s conventional assets alone are worth US$160mln against a current market value of £60mln.
That US$160mln includes nothing for the development potential, he adds.

Quick facts: IGas Energy Plc

Price: 8.27 GBX

AIM:IGAS
Market: AIM
Market Cap: £10.21 m
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