13 December 2012
IGas Energy plc ("IGas")
Government Announcement on shale exploration
The Board of IGas welcomes the announcement this morning by the Secretary of State for Energy and Climate Change with respect to the recommencement of shale exploration in the UK.
Andrew Austin, CEO of IGas Energy, commented:
"The recent UK Government's Gas strategy publication and today's announcement on the recommencement of shale exploration in the UK are hugely important for both the industry and the country. Natural gas from shale and coal bed methane has the potential to transform the UK's energy market and economy. We will continue to work closely with our local communities as we have done for many years. We welcome the establishment of the new Office of Unconventional Gas and Oil and the guidelines announced today and look forward to working with the government to assess the potential of shale gas to contribute to Britain's energy security"
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For further information please contact: IGas Energy plc, Andrew Austin,CEO Stephen Bowler, CFO |
Tel: +44 (0)20 7993 9901 |
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Jefferies Hoare Govett Sara Hale / Jamie Buckland / Graham Hertrich |
Tel: +44 (0)20 7029 8000 |
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Cannaccord Genuity Rob Collins / Tim Redfern |
Tel: +44 (0)20 7523 8000 |
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Kreab Gavin Anderson Ken Cronin/ Anthony Hughes |
Tel: +44 (0)20 7074 1800 |
This information is provided by RNS