Composite Energy Limited, the Stirling based specialist in the extraction of methane from deep coal seams has been awarded 21 licence blocks in the 13th UK onshore licensing round. As part of the licence conditions Composite Energy has committed to drill 22 wells.

Keith Lough, Composite Energy's Chief Executive Officer, said, "This is an excellent result for Composite Energy and the UK. Coalbed methane is a valuable clean energy resource and through this award we will be in a position to execute a very extensive exploration programme in Scotland, England and Wales using our own fleet of modern drilling rigs."

Composite Energy has been awarded licences in Scotland, England and Wales. Composite will have a 50% interest in each licence and is the designated Operator.

Composite Energy uses its own mobile drilling rigs to minimize our impact on the environment and to provide operational flexibility. The rigs are on-site for a relatively short period of time and the wellsites have a limited footprint.

Composite already holds licence PEDL 133, covering coalfields across a large area of the Central Belt of Scotland, where it is pioneering, in the UK, the extraction of coalbed methane from deep coal seams, where the coals are water saturated and considered to be unmineable.

Tags: Composite Energy Limited