Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  London Stock Exchange  >  IGAS Energy PLC       GB00B29PWM59

IGAS ENERGY PLC
Mes dernières consult.
Most popular
SummaryChartsNewsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

IGAS ENERGY ORD 50P : DG-3 Spudded at Doe Green

share with twitter share with LinkedIn share with facebook
share via e-mail
0
07/19/2011 | 11:01am CEST

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

border=1>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
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on IGAS ENERGY PLC
07/31 IGAS ENERGY : 31/07/2017 Planning application in Ellesmere Port validated
07/28 IGAS ENERGY : 28/07/2017 Additional Listing
06/15 IGAS ENERGY : 15/06/2017 Result of AGM - Replacement
06/15 IGAS ENERGY PLC : REVERSE SPLIT: 10 for 200
06/14 IGAS ENERGY : 14/06/2017 Result of AGM
05/17 IGAS ENERGY : 17/05/2017 AGM Notice, Posting of ARA & Share Consolidation
04/28 IGAS ENERGY : 28/04/2017 Additional Listing
04/26 IGAS ENERGY : Chairman To Step Down In June As 2016 Loss Narrows
04/26 IGAS ENERGY : 26/04/2017 Directorate Changes
04/26 IGAS ENERGY : 26/04/2017 Unaudited Preliminary results
More news
News from SeekingAlpha
2015 Shale explorers await U.K. fracking decision
2015 Understanding The Oil Market - An Industry Primer With Breakdown Of Recent Tr..
Financials ( GBP)
Sales 2017 34,2 M
EBIT 2017 -0,60 M
Net income 2017 -3,80 M
Finance 2017 27,9 M
Yield 2017 -
P/E ratio 2017 -
P/E ratio 2018 -
Capi. / Sales 2017 1,16x
Capi. / Sales 2018 -
Capitalization 67,5 M
Chart IGAS ENERGY PLC
Duration : Period :
IGAS Energy PLC Technical Analysis Chart | GB00B29PWM59 | 4-Traders
Technical analysis trends IGAS ENERGY PLC
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 3
Average target price 1,27  GBP
Spread / Average Target 128%
Managers
NameTitle
Stephen D. Bowler Chief Executive Officer & Executive Director
Robert Michael McTighe Chairman
John Blaymires Chief Operating Officer
Julian Tedder Chief Financial Officer
Cuthbert John McDowell Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
IGAS ENERGY PLC633.33%87
CONOCOPHILLIPS-15.24%52 560
CNOOC LTD-5.91%51 843
EOG RESOURCES INC-17.22%48 644
OCCIDENTAL PETROLEUM CORPORATION-17.39%45 232
WILLIAMS PARTNERS LP0.45%37 174