2 Jul 2012 07:00
02 July 2012
IGAS ENERGY PLC
("IGas" or "the Company")
Review by The Royal Society and The Royal Academy of Engineering on hydraulic fracturing in the UK
IGas Energy plc welcomes and supports the conclusion of The Royal Society and The Royal Academy of Engineering report published on Friday.The report states that hydraulic fracturing (fracking) can be managed effectively in the UK as long as operational best practices continue to be implemented and robustly enforced by regulation.
IGas along with colleagues in the Onshore Operators Group (UKOOG) is examining the report's findings to ensure that its own approach embraces the report's conclusions to ensure that we continue to further improve operational best practice in the industry.All evaluation of shale gas potential within licences held by IGas will continue to follow best industry practice and regulatory guidelines, while fully consulting with the communities in which weoperate.
For further information please contact:
IGas Energy plc Andrew Austin,CEO Steve Bowler, CFO
| Tel: +44 (0)20 7993 9901 |
Jefferies Hoare Govett Sara Hale / Jamie Buckland
| Tel: +44 (0)20 7029 8000 |
Canaccord Genuity Limited Rob Collins
| Tel: +44 (0)20 7523 8000
|
Kreab Gavin Anderson Ken Cronin/ Kate Hill/ Anthony Hughes
| Tel: +44 (0)20 7074 1800 |