utility Tamboran Resources Pty Ltd (Tamboran) is to announce that preliminary studies have confirmed that there is a significant natural gas field in south-west of County Fermanagh in Northern Ireland. Project to analyze the gas in Northern Ireland to create 600 full-time work, up to 2400 indirect jobs, and to provide natural gas to energy security in the next 50 years.

company proposes to invest 6 billion in Northern Ireland said after the first part of its analysis to determine the feasibility of a study of the shale gas in Northern Ireland. Tamborans technical team of over 20 professionals involved in major natural gas project in the world and have more confidence that they can develop this commercial project in Northern Ireland. The full analysis will be published later this year.

Tamboran, received last year to analyze the licenses from the Department of Enterprise, Trade and Investment, focuses its operations in Northern Ireland, south-western part of County Fermanagh. The company was granted license in the surrounding areas in the Republic of Ireland, which focus on the northern part of County Leitrim.

the region from the north-west of Ireland is the only part of the island currently is not connected to the network of gas.

outlines the initial analysis, based on their own and other recent studies, Tamboran identified a number of economic and energy benefits for Northern Ireland project, including:

over supply of gas at peak production, enabling Northern Ireland to be a significant net exporter of natural gas;

creation of 600 direct jobs and 2400 indirect jobs in County Fermanagh;

description of the project as a change of energy and economic game for Northern Ireland, Richard Moorman, CEO of Tamboran said:

Shows our initial analysis of a significant shale gas reserves in south-west Fermanagh. Allowing even moderate rates of recovery, energy and economic benefits are enormous.

security of energy supply is of paramount importance for all governments. Our analysis shows that the island of Ireland is well placed to have significant reserves of natural gas under their feet. In south-western part of Fermanagh alone, we believe that with 50 years of current daily gas consumption in Northern Ireland. Implementation of these provisions will ensure that the supply of gas for decades, consumers and businesses from the market uncertainty and denies the risks associated with the above depends on unpredictable external supply. The County Fermanagh were able to attract more companies to benefit directly from a reliable local supply of natural gas.

natural gas from shale has made a significant positive impact in North America today. In his State of the Union address on Jan. 25, President Barack Obama said: We have a supply of natural gas that America can continue almost a hundred years, and my administration will take all possible actions for the safe development of energy. Experts believe it will support over 600,000 jobs by the end of the decade. And I require all companies to drill for gas on public lands, to show the chemicals they use. America has developed the resources without compromising the health and safety of our citizens at risk.

President Obama’s comments are similar statements by the recently published book former U.S. President Bill Clinton of “Back to work: Why do we need smart government for a strong economy which he writes : With proper care, I think we can take the gas. In we need and can make us as independent with more energy and help create jobs and growth.

Mr. Moorman further stated our estimates of economic benefits for Northern Ireland from this proposal? Along with 6 billion investment the 6,9 ​​billion tax revenue throughout the project, 600 full-time, long-term direct jobs in 2025 (with up to 2,400 indirect jobs) for a total of 14,000 people who directly work- by 2050 years. Tamboran expected to provide comprehensive and continuous training of local staff to ensure they can succeed in commercial Tamboran.

Tamboran agreed program of work for the analysis required under its existing license and issue an update later this year. Additionally, the company will make a thorough assessment of environmental effects, which include the 12 month baseline study of all aspects of the environment, including soil, groundwater, air quality, noise levels and seismic activity. The company will publish the findings in this completion in early 2013 and then outline their intentions about how it will request permission to proceed to the next stage of the process of licensing and planning.

Finally, Mr. Moorman said in the past month we met and listened to a wide range of stakeholders in the community, business, regulatory and political levels. We continue this approach, outlines the facts of our proposal, while recognizing that a project of this magnitude will attract requests for greater clarity and support.

not use any chemicals in the process of hydraulic disturbances in Northern Ireland and we are combining the best technology developed in the world in this project to ensure the safe and responsible development of an incredible resource for North Ireland.

we work a full assessment of environmental impacts, which will determine the specific criteria under which a company should be safe and responsible conduct its operations to the highest standards.

addition, we will create a significant investment of funds of the Community to ensure that all benefits are shared with local and national level. We believe it is essential to providing direct benefits to local residents. Tamboran undertakes to operate safely and our commitment to openness and transparency, will remain in each step of the way.

international studies show that natural gas has lower carbon content than other fossil fuels, which will give the opportunity to play a significant role in reducing emissions of CO2, acting as a bridge to the future with lower carbon emissions (see editor’s notes).

Tamboran invites all stakeholders, especially local residents to engage with the company and works closely with us to ensure that the project is conducted responsibly, to meet basic economic needs of the community and Northern Ireland

For media inquiries contact Northern Ireland:

and Sonya Cassidy, Weber Shandwick, Tel: 028 9034 7300 or 075 9022 7961/077 7088 6949.

interviews are available upon request by Weber Shandwick. Related information is also available on website Tamborans http://www.tamboran.com.

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