IGas announced it would submit a planning application to drill exploratory wells in Nottinghamshire in the next quarter. The company in its annual accounts released today said if it received consent it would expect to start drilling in the first half of next year.
The chief executive and co-founder of IGas, Andrew Austin, is stepping down from the board, the company announced this morning. It also gave details of cuts of more than 25% to its workforce and consultants.
IGas boss, Andrew Austin, told an industry conference this afternoon the company’s well at Ellesmee Port in Cheshire was as good, if not better than anything the company had seen across north-west England.
INEOS is extending its interests in shale gas under an agreement announced this morning with IGas. INEOS said the deal would make it the third largest holder of onshore oil and gas licences, with access to almost ¼ m acres of potential shale gas reserves.
IGas issued a statement this morning saying an earlier announcement about the share dealings of its chief executive, Andrew Austin, had been “full and correct disclosure” under market rules.
Oil and gas companies, regulators, local authorities and the supply industry have been meeting in London for the past two days at the European Shale Oil and Gas Summit.
21st May 2014 The latest opinion poll on fracking confirms women are far more likely than men to oppose the technique – just as the head of the UK’s leading fracking company urges the industry to win women’s confidence.
