Star Energy Group plc plans to exit its shale gas licences to save licence fee costs and focus more on its producing oil and gas assets in the East Midland and Weald Basins. RIGHT-SIZE Ahead of today’s general meeting, chief executive Ross Glover said that production maintained “strong momentum” in line with guidance of circa […]
Tag: shale gas
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 Resources in line for £11m to extract shale gas in Lancashire
Cuadrilla Resources plc’s owner said that its recent AUS$19.7 million (£11.5m) fundraise may be used on the shale gas extraction project in Lancashire. REGULATORY CHANGES A statement from Australian owner AJ Lucas Group Ltd yesterday reported completion of the “heavily oversubscribed” placement of 179.4 million shares each at $0.11, a discount of 29%. “Proceeds raised […]
IGas ‘world class shale gas could supply 3m homes’
IGas Energy plc said five years’ data demonstrated that the company held world class assets of shale gas with the potential to supply three million homes from initial production. POTENTIAL In its interim results, the company added it also had the potential to deliver five production well pads, with each pad having up to 16 […]
IGas to work with communities over shale gas
IGas Energy plc said it hoped to work with the Government and communities to produce shale gas at its licences in the UK. SCIENCE The company was responding to today’s message from the Prime Minister on the lifting of the moratorium on hydraulic fracturing in England and a review of energy regulation. “We have always […]