Irish shale gas potential emerges

Feb. 22, 2013 at 8:03 AM

MANCHESTER, England, Feb. 22 (UPI) -- Independent energy explorer Enegi Oil said it submitted a petition to the Irish government to explore the potential in the Clare Basin for shale natural gas.

Enegi said it petitioned the Irish Petroleum Affairs Department to look for natural gas in the Clare Basin.

The company in 2011 started examining geological data related to the reserve potential in the basin. In November, the company said it determined that geological characteristics of the Clare Basin meant it was a prospective shale natural gas reserve.

"We believe the acreage covered by the Clare Basin option is highly prospective," Enegi Chief Executive Officer Alan Minty said in a statement.

"With this in mind and with the need to carry out further exploration work over the area, we have applied to the PAD to convert our option into an Exploration license which will allow us to carry out this work and to further prove up the potential that we believe this acreage holds."

Enegi said it believes the area may contain 1.49 trillion cubic feet-3.86 trillion cubic feet of natural gas.

The company didn't provide an estimate on when it expected a decision from the Irish government.

Like Us on Facebook for more stories from UPI.com  
Related UPI Stories
Latest Headlines
Top Stories
Compact cannon for British armored vehicles
Ford recalls 432,000 North American vehicles over software bug
New Zealand military receives medium heavy military trucks
BBC to lay off 1,000 people to make up for $234M in lost revenue
U.S. proposes tighter pipeline spill rules