Drax – PEDL 92-1
| Licence Numbers | PEDL 92-1 |
| Aerial Extent | 200 km2 |
| Licence Terms | PEDL 92 – Sept 2011 |
| Obligations | None |
| Net Risked GIIP Range | Low – 77 Bcf, Mid – 130 Bcf, High – 227 Bcf |
| Wells Drilled | PEDL 92 – 1 well by Nexen (2007) |
The Drax area is located in Yorkshire, around 15 miles south and east of York itself. The licence is PEDL 92-1.
Geologically, the area under licence is formed by strata of Carboniferous and Permo-Triassic Age, gently dipping to the south and south-east. Prior mining to the South and West of the area focused on Westphalian B coals, which, from the available borehole data, are at depths of approximately 200m to 1000m below surface within PEDL 92. Although the area had been licensed historically for CBM exploration, no boreholes had been drilled on the licence for this purpose prior to IGas acquiring the acreage.
A well was spudded at Mill Farm on 27 August 2007 and drilled to a depth of 2,718 feet. This well was used to log and core the coal sequence. The rig left site on 14 September 2007, and the well was plugged and abandoned as planned. The drilling of this well fulfils the licence commitments in the first term and the licence is now in its second term.
Equipoise Solutions Ltd, which prepared the competent persons report used in the Net Risked GIIP range above, assessed PEDL 92.
Source: Equipoise Solutions Limited Evaluation of the Coal Bed Methane Interests of IGas plc as published on 31st October 2008, a copy of which can be found in the investor section of the website.
© Crown copyright, All rights reserved 2008, License number 0100031673
