- IGas Energy said it had encountered a hydrocarbon bearing shale sequence of over 250 metres at a well in North Nottinghamshire.

Significant gas indications were observed throughout the Bowland shale section of the SR-01 well at Springs Road and additionally within sands in the Millstone Grit sequence.

Petrophysical and core analysis was currently being conducted, which would offer further insight into the resource potential.

A further update would be provided after the completion of most of the analysis in the second quarter.

At 2:30pm: [LON:IGAS] Igas Energy PLC share price was +12.3p at 90.3p

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