Island Gas Resources Plc Company Profile - Aug 10, 2011 by WrightReports

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IGas Energy plc, formerly Island Gas Resources plc, is a domestic gas producer and an independent company dedicated to unconventional gas in the United Kingdom. IGas Energy produces gas in the United Kingdom from coal bed methane (CBM). The Company's principal area of activity is unconventional gas, including CBM, intended to result in the production and marketing of methane gas for industrial and domestic use from virgin seams within its United Kingdom acreage. The Company has interests in Northwest, Swallowcroft, Point of Ayr and Drax. The Company has 35% interest in the Northwest. The Swallowcroft area includes PEDLs 40-1, 56-1, 78-1, 78-2, 115-1 and 115-2. The Company has 35% interest in Swallowcroft. The Company has 75% interest in Point of Ayr. The Drax area is located in Yorkshire, around 15 miles south and east of York itself. The Company has 20% interest in Drax. The Company's subsidiaries include Island Gas Limited and KP Renewables (Operations) Limited.

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   A Wright Investors' Service Research Report:

   Igas Energy PLC
                                                                                        440 Wheelers Farms Road
                                                                                        Milford, CT 06461 U.S.A.


  COMPANY PROFILE
  Figures in Pounds Sterling

                                 Wright Quality Rating:LBNN                                 Key Data

   IGas Energy plc, formerly Island Gas Resources plc, is a domestic gas producer and       Ticker:
   an independent company dedicated to unconventional gas in the United Kingdom.            IGAS
   IGas Energy produces gas in the United Kingdom from coal bed methane (CBM). The
   Company's principal area of activity is unconventional gas, including CBM, intended      2010 Sales:
   to result in the production and marketing of methane gas for industrial and domestic
                                                                                            656,000
   use from virgin seams within its United Kingdom acreage. The Company has interests
   in Northwest, Swallowcroft, Point of Ayr and Drax. The Company has 35% interest in
   the Northwest. The Swallowcroft area includes PEDLs 40-1, 56-1, 78-1, 78-2, 115-1        Major Industry:
   and 115-2. The Company has 35% interest in Swallowcroft. The Company has 75%             Oil, Gas, Coal & Related
   interest in Point of Ayr. The Drax area is located in Yorkshire, around 15 miles south   Services
   and east of York itself. The Company has 20% interest in Drax. The Company's
   subsidiaries include Island Gas Limited and KP Renewables (Operations) Limited.          Sub Industry:
                       Stock Chart                                    Officers              Crude Oil & Natural Gas
                                                              Non Executive Chairman        Producers
                                                                Francis Robert Gugen
                                                                                            Country:
                                                          Executive Director & Chief        United Kingdom
                                                                 Executive
                                                             Andrew Philip Austin           Currency:
                                                                                            Pounds Sterling
                                                              Chief Operating Officer
                                                                   John Blaymires
                                                                                            Fiscal Year Ends:
                                                                                            December

                                                                                            Employees
                                                                                            6

                                                                                            Exchanges:
                                                                                            LON

                
								
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