IGas is a leading onshore hydrocarbon producer in the United Kingdom, with almost a decade of experience, delivering natural gas and crude oil to Britain’s energy market. They hold licences to extract hydrocarbons across the north of Wales and the north of England covering an area of approximately 1,455 sq km. Independent analysis has confirmed that the company has an estimated net Contingent Recoverable Resource to 1,811Bcf of gas.

But what I find exciting about this company is that:
They also have the potential to explore shale gas. They have identified a significant potential shale resource within their acreage, which is estimated (on an unrisked basis) to comprise up to 4.5 trillion cubic feet of gas.

The government last week lifted an 18-month ban on fracking, the controversial method used to extract shale gas. The British Geological Survey is expected to publish research next month that will vastly increase the estimate of Britain's potential shale gas resources.

Exxon Mobil has entered talks to buy a stake in the Bowland shale project in Lancashire, owned by IGas. It is believed that Shell, Total of France, and Norway’s Statoil are also considering bids.

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zak gives it a thumbs up today

UK has huge shale gas resources, energy firm says

One of the energy firms hoping to exploit the UK's resources of shale gas says it may be sitting on significantly more gas than previously thought.

UK firm IGas will tell investors there may be up to 170 trillion cubic feet of gas in the areas it is licensed to explore in northern England.

sp up 12% today to 105p, more to come?

Thanks to Toya, Skinny and Halifax for flagging this one. I'm doing well since entry yesterday!

care may be required, read letters section of Shares mag suggesting fracking is part of a "Ponzi" type scheme, apart from being hugely expensive.

From Friday :- Canaccord Genuity Buy 124.38 125.00 150.00 Reiterates

Broker SP Targets......

Looks way undervalued at the moment.

Date Company Name Broker Rec. Price Old target price New target price Notes

21 Jun 13 Igas Energy PLC Jefferies International Buy 123.25 105.00 195.00 Retains
14 Jun 13 Igas Energy PLC Canaccord Genuity Buy 123.25 125.00 150.00 Reiterates
04 Jun 13 Igas Energy PLC Goldman Sachs Buy 123.25 146.00 202.00 Upgrades
28 Sep 12 Igas Energy PLC Numis Buy 123.25 151.00 151.00 Retains

N@P building Society.

Fracking boss of IGAS was on Newsnight tonight.

Should give stock a push in days to come.

Broker Note Out......

28 Jun 2013 Igas Energy PLC IGAS Jefferies International Buy 118.13 121.75 195.00 195.00 Retains

SP TARGET.... 195p.

Well worth watching - particularly the last 20 minutes or so.

Fracking: The New Energy Rush

IGas (LSE: IGAS), one of the leading producers of onshore hydrocarbons in the UK, will announce preliminary results for the year ended 31 March 2013 on Wednesday, 10 July 2013.

Missed earlier.

Final Resuts

Operational Highlights

· Acquisition of P. R. Singleton from Providence Resources for US$66m
· Progress on "Chase the Barrels" initiative
· Proven reserves growth of 30% from 6.1 to 7.9 MMboe over the period 1 Jan 2012 to 30 June 20121
· Gas Initially In-Place "GIIP" for NW shale acreage up to 170Tcf2
· Drilling programme to commence in Q4 2013 to refine estimates
· Government package of community incentives, guidelines on permitting and planning and launches consultation on tax incentives in support of the industry

Financial Highlights3,4

· Revenue of £68.3m (2012: £22.1m)

· Total Production c902mboe (2012: c280mboe)

· EBITDA5 of £31.9m (2012: £13.0m)

· Underlying operating profit6 of £22.1m (2012: £5.4m)

· Net cash from operating activities £28.9m (2012: used in operating activity £2.6m)

· Net debt7 of £77.4m (2012: £67.1m)

· Refinancing of Macquarie debt through $165m 5yr bond issue

· Successful placing of £23.1m gross in January 2013

Pretty poor responce from some good results.

Was expecting more.

their problem is its going to take many years to actually produce gas from fracking.

Study raises new concern about earthquakes and fracking fluids

NEW YORK | Fri Jul 12, 2013 8:30am BST
(Reuters) - Powerful earthquakes thousands of miles away can trigger swarms of minor quakes near wastewater-injection wells like those used in oil and gas recovery, scientists reported on Thursday, sometimes followed months later by quakes big enough to destroy buildings.

The discovery, published in the journal Science by one of the world's leading seismology labs, threatens to make hydraulic fracturing, or "fracking," which involves injecting fluid deep underground, even more controversial.

2013 Igas Energy PLC IGAS Canaccord Genuity Buy 114.75 114.75 150.00 174.00 Reiterates

SP TARGET 174p.

Nice Gold Cross with increased volume

Good gains today on government news indicating that they are desperate to get Fracturing up and running

Chart looks in break-out mode now; as well as the GC

United Utilities endorse fracking

They want a slice of the action

Sensible