The Company

Founded in 2003, Island Gas Resources Plc (IGas) is potentially one of the UK’s leading gas companies. 

IGas was set up to produce and market gas which is found in seams of coal (CBM). 

The coal seam both generates and traps the gas, which can be extracted by drilling horizontally into the seam and collected for use as fuel.  Coal Bed Methane is exactly the same as other forms of natural gas, and is used to provide both industrial and domestic power and has the potential to be an important new source of energy for the UK.

The CBM industry in the UK is in its infancy, but with the continuing decline in natural gas from the North Sea, it is likely to become an increasingly attractive alternative potential source of gas. CBM has become a significant source of gas both in North America and Australia over a relatively short period of time during which both have seen an almost exponential growth in CBM production.

IGas is incorporated in the UK and has ownership interests in the ranging from 20% to 50% in eight Petroleum and Exploration Development Licences (PEDLs), 100% ownership of two methane drainage licences (MDLs) and 50% ownership of three off shore blocks under one seaward petroleum production licence (SPPL)  

The Licences cover a gross area of approximately 1,000 sq km and according to experts, who have reviewed seven of the nine licences, the mid case estimate of IGL’s share of Gas Initially In Place (GIIP) is 893billion cubic feet (bcf), or equivalent to either 140milllion barrels of oil or the total gas needs of the UK for 3 months.

IGL’s areas of operation are Cheshire, Yorkshire, Staffordshire and the North Wales coast.