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IGas Energy gets OK for Nottinghamshire shale gas exploration

Tue, 15th Nov 2016 15:00

(ShareCast News) - Shale gas developer IGas Energy has been granted planning consent by Nottinghamshire County Council to drill two exploratory wells in Misson Springs, North Nottinghamshire.Chief executive officer Stephen Bowler said: "We are at a critical juncture in the future of our energy mix and supply, as we move away from coal towards lower carbon energy sources. We rely significantly on gas in the UK, not just for electricity, but also in heating eight out of 10 homes and as a raw material in the manufacture of many everyday products, including plastics and clothing. "We believe the future of the area is as important as its rich history and, with the demise of coal mining in the area, see an important role for shale development in the creation of future jobs and prosperity."Councillors voted seven to four in favour of the planning application and although fracking is not part of the company's proposals, it could take pace if IGas finds shale gas.IGas will have to make another planning application if it does decide it wants to use hydraulic fracturing to recover shale gas at the site.Industry body United Kingdom Onshore Oil and Gas welcomed the council's decision.Chief executive Ken Cronin said: "This follows the successful applications for onshore oil and gas developments in North Yorkshire and Lancashire and shows positive momentum towards finding out what natural gas resources we have beneath our feet that can be developed for the good of the whole of the UK. 84% of our homes use gas for heating and by 2035 four fifths of that gas will come from outside the UK - that is why this is important."At 1550 GMT, IGas shares were up 8.7% to 12.50p.
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15 Nov 2016 13:35

Britain's IGas receives approval for shale gas exploration permit

LONDON, Nov 15 (Reuters) - Nottinghamshire County Council gave the green light on Tuesday for shale gas developer IGas to test drill a shale gas site in northeast England in a first sign from the local authority that it supports shale gas projects. IGas' shares surged by more than a fifth

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31 Oct 2016 11:54

IGas Energy keeps capital options open

(ShareCast News) - IGas Energy, British oil and gas explorer and developer, said it is continuing to discuss a range of options for its capital structure needs. The options include discussions with Bondholder Trans European Oil & Gas (TEOG) who has proposed a sale of the company's conventional asset

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12 Oct 2016 07:47

IGas To Meet Bondholders As It Seeks Covenant Waivers And Formal Talks

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6 Oct 2016 15:19

UPDATE 4-UK gives go-ahead to second-ever shale gas permit

* Shale gas can support 64,000 jobs, economic growth - government * UK minded to approve second Cuadrilla permit after more evidence * Economics of shale gas in UK unclear - UK Energy Research Centre * Commerical operation could start in 2018 - Cuadrilla (Updates with comments

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6 Oct 2016 14:34

Egdon Resources shares rise after Springs Road planning deferral

(ShareCast News) - Egdon Resources shares were up on Thursday afternoon, after an announcement made after market close on Wednesday by IGas Energy. The announcement was over the decision of Nottinghamshire County Council's Planning and Licensing Committee in respect of the Springs Road planning appl

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6 Oct 2016 14:16

UK government approves shale fracking

(ShareCast News) - The government approved horizontal fracking for the first time as a Lancashire council appeal against it was overturned on Thursday, giving a boost to companies planning similar projects in the country. Communities secretary Sajid Javid approved plans for fracking, or hydraulic fr

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26 Jul 2016 14:51

IGAS Energy issues shares under incentive plan

(ShareCast News) - IGas Energy announced on Tuesday that on 25 July, a total of 502,582 shares were allotted to employees under the IGas Energy Share Incentive Plan. The AIM-traded firm said the share allotments were made with reference to the mid-market closing price for the measurement period of 1

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13 Jul 2016 12:36

Brexit could provide boost for Britain's shale gas

* PM designate May prioritises energy security * Third Energy could produce first shale gas this year * Ineos promises 6 pct of shale revenue to local communities * Egdon Resources banks on big investors to take over By Karolin Schaps LONDON, July 13 (Reuters) - Brit

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5 Jul 2016 14:13

Igas sheds little light on bonds transaction

(ShareCast News) - British onshore hydrocarbon producer Igas was embroiled in a secretive exchange of issued bonds this week, but the company did little to explain the situation in an update to the market on Tuesday. On Monday, Pareto Securities announced on behalf of an unnamed client that the offe

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5 Jul 2016 10:10

IGas Notes Offer Accepted For Bonds From Pareto Client ALLISS)

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22 Jun 2016 14:40

IGas Notes Offer For IGas Bonds From Client Of Pareto Securities (ALLISS)

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14 Jun 2016 09:16

IGas Energy In Discussions Over "Earnings Accretive Transactions"

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14 Jun 2016 09:02

UPDATE 1-British shale gas firm IGas Energy seeks investors

(Updates throughout) By Nina Chestney June 14 (Reuters) - Britain's largest shale gas developer IGas said on Tuesday it is in talks with a number of potential investors to strengthen its balance sheet. IGas has been cutting its debt over the last 14 months amid oil price volatil

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25 May 2016 14:13

Wednesday newspaper share tips: Severn Trent, IGas

(ShareCast News) - Shares in Severn Trent are best avoided as investorsĀ“ search for yield has driven down the dividend yield on offer, The TimesĀ“s Tempus said. As might have been expected, the water supplier achieved bigger-than-expected cost-savings in the first year of the new regulatory period

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