IGas Energy encounters hydrocarbon bearing shale in North Nottinghamshire
Source - SMW
IGas Energy said it had encountered a hydrocarbon bearing shale sequence of over 250 metres at a well in North Nottinghamshire.
Significant gas indications were observed throughout the Bowland shale section of the SR-01 well at Springs Road and additionally within sands in the Millstone Grit sequence.
Petrophysical and core analysis was currently being conducted, which would offer further insight into the resource potential.
A further update would be provided after the completion of most of the analysis in the second quarter.
At 2:30pm: (LON:IGAS) Igas Energy PLC share price was +12.3p at 90.3p