IGas Energy plc aims to seek near-term profitable production projects and has abandoned plans to take legal action against the Government following last year’s reimposed moratorium on hydraulic fracturing. SHALE GAS The company said its portfolio of shale licences totalled 292,100 net acres with estimated mean volumes of undiscovered GIIP of 93 tcf. In its […]
Tag: moratorium
Egdon to pursue case for safe shale gas extraction
Egdon Resources plc said it would continue to press for the safe extraction of shale gas following yesterday’s government decision to reinstate the ban on hydraulic fracturing. ENERGY NEEDS The company has a joint interest in the Springs Road project in the East Midlands with IGas plc which also condemned the moratorium and is considering […]
Moratorium remains on hydraulic fracturing in England
The moratorium on hydraulic fracturing in England will remain in place, the new prime minister said today. FIRST BAN The Government first introduced the ban in November 2019 following reported earthquakes at Cuadrilla Resources’s shale gas extraction site in Preston, Lancashire. In April 2022 the Government ordered a scientific review on whether the extraction of […]
Cuadrilla looks to results ‘as soon as possible’ from hydraulic fracturing
Cuadrilla Resources Ltd said it aimed to work with the Government to generate results as soon as possible from hydraulic fracturing in England. MORATORIUM The company’s issued its statement following Prime Minister Liz Truss’s announcement lifting the moratorium on hydraulic fracturing with production ‘as soon as six months’. The ban, introduced in November 2019, followed […]
Egdon welcomes lifting of hydraulic fracturing ban
Egdon Resources plc described today’s government approval for hydraulic fracturing as logical and pragmatic in a changing political world. MORATORIUM The company was responding to the announcement by new Prime Minister Liz Truss of the lifting the moratorium introduced in November 2019. The ban followed reported earthquakes at operations by Cuadrilla Resources, now owned by […]