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IGas to drill in UK’s Weald basin

UK player explore and evaluate the resource potential of PEDL 235

UK player IGas is planning to drill two new wells in the Weald basin, aiming to continue to explore its conventional portfolio.

The two exploration/appraisal wells on PEDL 235 will explore and evaluate the resource potential of both the Portland Sandstones and the Kimmeridge Micrites.

IGas finds Bowland shale with second well

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“Recent technical studies by the IGas team have concluded that the Kimmeridge Micrites have the potential for significant resources of around 300 million barrels of oil in place within PEDL 235,” the company said.

In addition, the initial well will also appraise the Portland Sandstone gas discovery.

Stephen Bowler, IGas chief executive said: “In conjunction with our own technical studies, and data from the discoveries in the Weald basin at Horse Hill, we are excited to be bringing forward up to two exploration/ appraisal wells and production tests with the potential to unlock significant recoverable resources at a new site in the Weald basin.”

IGas owns 100% of PEDL 235.

The company will now move to submit a planning application, but will undertake community consultation to take account of feedback from local residents before submitting the full planning application, it said.

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