19 Jul 2011 07:00
19 July 2011
IGAS ENERGY PLC
("IGas" or "the Company")
DG-3 Spudded at Doe Green
Following the recent announcement about commencement of site construction, IGas Energy, a domestic gas producer and leading developer of resources in the UK, is pleased to announce that it has spud its third well at Doe Green (DG-3). This well is being drilled with the BDF Rig 28.
The Doe Green site located between Warrington and Widnes has steadily produced gas and generated electricity for over two years from a pilot well, DG-2.
DG-3 will be the first well drilled under the Company's accelerated drilling programme .The company will update the market on the results of drilling and other activity under the program over the coming weeks and months.
For further information please contact:
IGas Energy Plc Andrew Austin,CEO |
Tel: +44 (0)20 7993 9901 |
RBS Hoare Govett Stephen Bowler/ Jamie Buckland |
Tel: +44 (0)20 7085 5000 |
Kreab Gavin Anderson Ken Cronin/ Kate Hill/ Anthony Hughes |
Tel: +44 (0)20 7074 1800 |
Notes to editors
IGas Energy produces and markets domestically sourced gas, primarily from coal bed methane (CBM). It is currently focussed on delivering commercial CBM production through an accelerated development programme.
IGas Energy has licences to extract hydrocarbons across the north of Wales and the north of England, covering an area of 1,756km² (equivalent to approximately 434,000 acres). IGas is the operator and sole owner of each of its licences.
IGas's unique position offers more than 1.7 Trillion Cubic Feet (Tcf) of technically recoverable gas (equivalent to 290 million barrels of oil) with customers located conveniently close to its operations, which includes the national gas network. IGas is therefore in a strong position to secure optimum gas prices from its production and to contribute to the UK's security of supply.
Further technical and quantitative information can be found on our website: www.igasplc.com