The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksIGAS.L Share News (IGAS)

  • There is currently no data for IGAS

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Britain's IGas receives approval for shale gas exploration permit

Tue, 15th Nov 2016 13:35

LONDON, Nov 15 (Reuters) - Nottinghamshire County Councilgave the green light on Tuesday for shale gas developer IGas to test drill a shale gas site in northeast England ina first sign from the local authority that it supports shale gasprojects.

IGas' shares surged by more than a fifth to trade at aone-month high of 13.40 pence following the news.

Subject to a legal agreement, IGas will now be allowed tocarry out exploration work at its Springs Road site in NorthNottinghamshire close the city of Sheffield in order to testwhether the shale rock present is suitable for fracking.

The company will have to apply for a separate permit tocarry out fracking work, a process whereby water, sand andchemicals are injected to open up the shale rocks and releasethe trapped gas.

"At this stage we are trying to establish if the significantquantities of gas that we have identified exist in the rightformations to be commercially prospective," said IGas ChiefExecutive Stephen Bowler in a statement.

Nottinghamshire County Council councillors voted seven tofour in favour of the application, a spokesman said.

Britain is estimated to have enough shale gas trapped belowits surface to meet its gas needs for decades but the use offracking is opposed by environmental campaigners who areconcerned about its impact on groundwater and seismic movements.

Britain's shale gas industry is still in its infancy, withthe country's second shale gas fracking permit awarded only lastmonth.

(Reporting by Karolin Schaps)

More News
26 Oct 2020 16:12

IGas Agrees To Supply Hydrogen To BayoTech From Gas Sites

IGas Agrees To Supply Hydrogen To BayoTech From Gas Sites

Read more
26 Oct 2020 15:55

IGas enters hydrogen heads of terms with BayoTech

(Sharecast News) - IGas Energy has entered into heads of terms with modular hydrogen generation systems manufacturer BayoTech to produce hydrogen from some of its existing gas resources, it announced on Monday.

Read more
22 Sep 2020 14:12

UK EARNINGS SUMMARY: IGas Swings Sharply To Loss As Revenue Halves

UK EARNINGS SUMMARY: IGas Swings Sharply To Loss As Revenue Halves

Read more
22 Sep 2020 09:57

Revenue and earnings fall in first half for iGas

(Sharecast News) - Onshore oil and gas exploration and production company iGas Energy reported revenues of £10.5m for its first half on Tuesday, falling from £21.2m year-on-year.

Read more
16 Sep 2020 16:09

IN BRIEF: Igas Energy Acquires Geothermal Heat Projects Firm GT Energy

IN BRIEF: Igas Energy Acquires Geothermal Heat Projects Firm GT Energy

Read more
16 Sep 2020 08:33

IGas acquires GT Energy

(Sharecast News) - Exploration and production group IGas has acquired British deep geothermal heat projects developer GT Energy.

Read more
26 Jun 2020 07:41

IN BRIEF: Igas Returns Nine Fields To Production But Leaves Six Closed

IN BRIEF: Igas Returns Nine Fields To Production But Leaves Six Closed

Read more
25 Jun 2020 17:25

UK EXECUTIVE CHANGE SUMMARY: Diageo Taps Former Bain And Goldman Exec

UK EXECUTIVE CHANGE SUMMARY: Diageo Taps Former Bain And Goldman Exec

Read more
25 Jun 2020 14:55

Igas Energy to further reduce cost base

(Sharecast News) - Igas Energy updated the market on its operations on Thursday, as well as measures being implemented to further materially reduce its cost base.

Read more
5 Jun 2020 13:01

UK TRADING UPDATE SUMMARY: C4X Boss Appointed To UK Vaccine Taskforce

UK TRADING UPDATE SUMMARY: C4X Boss Appointed To UK Vaccine Taskforce

Read more
29 May 2020 15:57

UK Shareholder Meetings Calendar - Next 7 Days

UK Shareholder Meetings Calendar - Next 7 Days

Read more
1 May 2020 16:21

IGas Energy shuts in sites amid low oil prices

(Sharecast News) - IGas Energy updated shareholders on further actions it had taken to mitigate the impact of continued low oil prices during the Covid-19 coronavirus pandemic on Friday.

Read more
1 May 2020 13:28

UK TRADING UPDATE SUMMARY: Avacta, Genedrive Progress With Virus Tests

UK TRADING UPDATE SUMMARY: Avacta, Genedrive Progress With Virus Tests

Read more
1 May 2020 09:40

UK's IGas Energy to temporarily shut-in oil and gas production sites

LONDON, May 1 (Reuters) - British oil and gas exploration company IGas Energy said on Friday it will temporarily shut-in a number of sites during May and June to reduce production due to low prices of oil and natural gas.With Brent crude oil at ar...

Read more
9 Apr 2020 12:00

Igas Energy Write-Offs Sink Profit And Weak Oil Price Hurts Revenue

Igas Energy Write-Offs Sink Profit And Weak Oil Price Hurts Revenue

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.