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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Today's fall is on huge volume. Biggest since last July (July 8) when major 100p fall began.

well spotted on friday ...... i was clearly asleep
diff to know if there's enough meat left to make it still worth shorting

Britain to ban fracking in national parks after policy u-turn

Block on fracking in Scotland announced by minister

Fracking will not prove to be a big new source of energy in Britain and any future shale gas production will be of “no great significance”, BP has claimed.
Despite huge shale oil and gas deposits around the world, the shale energy boom will remain confined to the United States, where conditions are most favourable, the oil company believes.

www.thetimes.co.uk/frackingarticleFeb18