“A number of wells are being drilled or tested by operators across multiple basins, including at our two sites in Nottinghamshire, which will help us better understand the significant hydrocarbon opportunity below our feet,” Bowler said in a BOP Blow Out Preventer repair company gulf coast statement.

Site construction is ongoing at IGas’ sites in North Nottinghamshire, Springs Road and Tinker Lane. IGas expects to drill the Springs Road well first, in mid-2018.

The BOP Blow Out Preventer repair company gulf coast averaged net oil rig flanges gulf coast production of 2,335 barrels of oil equivalent per day in 2017, and anticipates net oil rig flanges gulf coast production of between 2,300 - 2,400 boepd this year.

“With Brent pricing currently at around $70 per barrel, we are generating free cash flow in our conventional business and continue to evaluate additional projects with attractive economics,” Bowler stated.