IGas Prepares Submissions for 14th Onshore Licensing Round

While progressing with its integration programme after the acquisition of Dart Energy, IGas said it is joining forces with other market participants to take part to the 14th onshore licensing round in the United Kingdom.  

‘Work is progressing, with a number of partners, on the submissions for various blocks in the 14th Round of onshore licensing. Applications will close on 28 October,’ the company wrote in a note, adding that the new IGas Energy Shares will be admitted to trading on Thursday 16 October.

The company also made clear its intention to progress with its unconventional drilling plans, while monetising three gas projects to fund further investments.

‘2D seismic acquisition in the North West is expected to commence in the next two weeks.  IGas is also planning the acquisition of 3D seismic across some of its acreage with a view to submitting applications for multi-well sites for drilling and hydraulic fracturing of gas from shale in H1 2015.’

The company also said it is about to complete its third exploration well in the North West.