Somerset CBM license extending for another year
The historic coalfields of Norton Radstock in Somerset, UK, has drawn the interest of companies looking to develop potential coalbed methane (CBM) reserves.
UK Methane has extended its PEDL 227 for the Norton Radstock area for another year, as the company considers whether to begin exploratory drilling for CBM.
PEDL 227 covers an area from Clutton to Stoke St Michael..
UK Methane has indicated it may submit a planning application to seek approval for exploratory drilling from Bath and North East Somerset Council.
Research has suggested up to 85 wells would be drilled at the site if drilling is to take place.
Three other PEDLs held by UK Methane in the nearby area (225, 226 and 228) have been relinquished. However, other companies looking to invest in the UK’s vast CBM reserves could be tempted to bid for the licenses, if they are put back in the pot in the next round of onshore licensing.
UK Methane is a Bridgend-based company with almost £300 000 in assets. The company director, Gerwyn Williams, is also director of Coastal Oil & Gas Ltd.
Written by Sam Dodson
Read the article online at: https://www.worldcoal.com/cbm/04072014/cbm_license_in_somerset_extended_cbm65/
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