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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Well it's still rising.....more to come from this yet...

The SP is rising now on account of Total joining the party

In a couple of months time it might get steamy in anticipation of the Barton drill results

Barton Moor timeline



Should be an interesting summer

This share : it's a gas !....now why do I keep on humming "Blondie" all the time....

You want the B side of Jeepster by T Rex.

Crumbs...what's that ?...know T Rex...but...

T.Rex - Life's a Gas

Yes...of course.....I remember now....

Out of this now...as too volatile...

Yes, I'm out as well with some profits. One of my 6 in profit shares. Might get back in again as the government seems to be backing this fracking business.

Volatility and shenanigans reminiscent of a share called Tadpole, if anyone remembers...!

You were a Taddy ?....

I'm staying in -- Top heavy too !!

RF: Tad helped me jump many poles without stumbling, thank goodness.

I was keen but ended up with losses...thank goodness the likes of Amstrad and a few others were around to offset those...

RF: seems realism has arrived, after the early birds
flew away with their pickings.

I have sold quite a few stocks lately...good ones at that (I don't mean shorting).....it just seems a lot of profit taking is going on across the board...not with every stock though because FPM, PDL, PET and a few others are all rising....in this market : I've learnt that you just have to sell at some stage and come back later...

FPM is drilling rf, so can't see anyone selling pre-TD. Spend wisely with your slush fund! Some good div payers out there even if the capital growth is slow. Maybe when QE kicks in properly that equities will be less attractive for a while, so holding back some cash may be wise?

I have no hesitation in selling if I have too....even at a bad loss....but I think this year will be better than the last few...we shall just have to be careful with the stock picks...and timing is essential...l

http://www.telegraph.co.uk/finance/newsbysector/energy/10595626/Fracking-too-late-to-help-businesses-facing-rising-green-energy-costs-manufacturers-tell-Prime-Minister.html