IGas' Ellesmere Port Preliminary Well Results Confirm 1,400 Feet of Shale

UK-based IGas said that initial analysis on its Ellesmere Port exploratory well hint at a results in line with the expectations, explaining that preliminary well results confirm 1,400 feet of shale.  

‘Preliminary analysis suggests both the Sabden Shale and Bowland Shales have been encountered and cores have been acquired across these intervals.  Significant gas indications were observed across the shale section’ reads a note released on Monday. 

The company wrote that the well spudded on 15 November 2014 encountered both a shale sequence and a section of the Coal Measure interval.  

‘The well, including the shale section, is being logged and the logs, together with the cores, will be sent away for further detailed analysis.’

The results of IGas in the northwest of England were published a few hours before Britain’s Energy Secretary Ed Davey said that independent energy providers in the UK should treble by 2020.  

“I want to go further and see them have a 30 percent market share by the end of the decade,” Davey wrote in a statement. 

The expectations could be not met, as plunging oil (and gas) prices can have an impact on smaller companies, which have a higher exposure to the downstream segment. 

In November, IGas revised upwards its shale GIIP estimates after announcing results of its exploration well at Barton Moss in PEDL 193 in the North West of England.