Igas Energy begins farm-in process

AIM-quoted coal bed methane (CBM) gas producer IGas Energy has begun a formal process to find a farm-in partner for the Bowland Shale prospect in Cheshire in a bid to accelerate the development of what is a potentially significant resource base.

AIM-quoted coal bed methane (CBM) gas producer IGas Energy has begun a formal process to find a farm-in partner for the Bowland Shale prospect in Cheshire in a bid to accelerate the development of what is a potentially significant resource base.

The company's Ince Marshes well has previously demonstrated the presence of the Bowland shale, which has the potential to at least double the independent pre-drill estimate of gas initially in place. Logs and samples from this well are being analysed.

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