Review on Fracturing by the Royal Society

RNS Number : 6032G

Igas Energy PLC

02 July 2012

 



02 July 2012

IGAS ENERGY PLC

("IGas" or "the Company")

Review by The Royal Society and The Royal Academy of Engineering on hydraulic fracturing in the UK

IGas Energy plc welcomes and supports the conclusion of The Royal Society and The Royal Academy of Engineering report published on Friday.

The report  states that hydraulic fracturing (fracking) can be managed effectively in the UK as long as operational best practices continue to be implemented and robustly enforced by regulation.

IGas along with colleagues in the Onshore Operators Group (UKOOG) is examining the report's findings to ensure that its own approach embraces the report's conclusions to ensure that we continue to further improve operational best practice in the industry.

All evaluation of shale gas potential within licences held by IGas will continue to follow best industry practice and regulatory guidelines, while fully consulting with the communities in which we
operate.

For further information please contact:

IGas Energy plc Andrew Austin,CEO Steve Bowler, CFO	Tel: [phone]
Jefferies Hoare Govett Sara Hale / Jamie Buckland	Tel: [phone]
Canaccord Genuity Limited Rob Collins	Tel: [phone]
Kreab Gavin Anderson Ken Cronin/ Kate Hill/ Anthony Hughes	Tel: [phone]

 

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