Tuesday, September 11 08:17:03
Tamboran Resources and Enegi Oil hold two of the three State licences awarded to examine fracking potential in Ireland. Hydraulic fracturing, or fracking, is a process in which fluid is injected into rock formations to create or widen fissures, thereby allowing the extraction of oil and gas. Enegi Oil's licence extends to 495sq km covering much of west Clare, including the entire Loop Head peninsula. Its plans have already run into local opposition, while members of Clare County Council have also outlined their opposition to fracking in the county.
In an update on its work in the Clare basin, Enegi Oil said: "The results of sample analysis undertaken to date have been extremely encouraging, indicating a higher prospectivity than was previously anticipated." It added: "The total organic carbon analysis has confirmed that the shale is a rich source rock containing an abundance of preserved organic matter."