Business
Commencement of Drilling at K
Commencement of Drilling at K.
About this update from Star Energy Group Plc
[{"type":"text","content":"\n RNS Number : 5228N Igas Energy PLC 14 June 2010 \n \n\n14 June 2010\n \nIGas Energy plc\n('IGas' 'the Company' or 'the Group')\n \nCommencement of drilling at Keele University Science Park\n \nThe board of IGas Energy, a domestic gas producer and a leading developer of unconventional gas resources in the UK, announces that it has commenced drilling operations at Keele University Science Park in North Staffordshire. \n \nThe well was spudded on 11 June and is expected to produce gas from a lateral in the Great Row seam which is at a depth of approximately 1,757 feet from the surface and is around 11 feet thick. Following completion of the well and de-watering, a long term production test will be carried out using IGas's production testing equipment.\n \nLogs from IGas' well at Willoughbridge, 5.5 miles south west of this well, have shown encouraging results as to the permeability of the coals in the area. \n \nIGas's CEO Andrew Austin commented that: \n\"These licences in Staffordshire have always been an area of great interest to IGas and we look forward to seeing the productive capacity of these coals. Increased concerns over security of energy supply and the harshest winter for some 40 years in the UK has highlighted the need for the UK to produce more of its own gas resources. I am delighted to have started drilling at Keele and look forward to updating the market on the results. \nIGas has the funding, the know-how and the resource base to deliver secure gas commercially to industrial customers in the UK. We are on track to establish our first full UK gas production site in 2011.\" \n \nFor further information please contact:\n \n\n\n\n\nIGas Energy Plc\n\n\nTel: +44 (0)20 7993 9901\n\n\n\n\nAndrew Austin, Chief Executive Officer\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nKreab Gavin Anderson\n\n\nTel: +44 (0)20 7074 1800\n\n\n\n\nKate Hill\n\n\n\n\n\n\n\nAnthony Hughes\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCenkos Securities\n\n\n\n\n\n\n\nJon Fitzpatrick\n\n\nTel: +44 (0)20 7397 8900\n\n\n\n\nKen Fleming\n\n\nTel: +44 (0)131 220 6939\n\n\n\n\n \n \nNotes to Editors:\n \nIGas Energy was set up to produce and market domestic sourced gas, primarily from unconventional reservoirs, particularly coal bed methane. The unconventional gas industry in the UK is in its ear...