Welcome to Composite Energy

Composite Energy was founded in 2004 and is actively pursuing unconventional gas developments, both Coal Bed Methane (CBM) and shale gas and, potentially, conventional oil and gas, all indigenous sources of energy in Europe. The company now holds onshore licenses in the UK and Poland, and is targeting additional licenses in Belgium and Germany during 2010/11. Composite Energy's wholly-owned subsidiary, Geometric Drilling, in addition to drilling Composite Energy's own wells, provides drilling services to onshore hydrocarbon operators and gas storage facility operators.

Operations

Composite Energy's operations are located across the UK and Poland. Since the start of its operations in 2004 Composite Energy has drilled six multilateral pilot development wells comprising of 17 laterals (think of fingers spreading out in different directions from the bottom of a single vertical mother well bore), and 16 appraisal wells to identify the most prospective CBM areas in our portfolio. We are seeking to take what we have learned from that activity to establish production and booked reserves as soon as possible.

About Unconventional Gas

Unconventional Gas can be described as located in a reservoir with properties that prevent its economic recovery by conventional practice. Among others, such reservoirs could contain coal bed methane and shale gas.

The development of CBM and shale gas in the US already provides a significant contribution to domestic supply and has enabled that country to reduce dependency on imported sources of gas. The potential for similar developments of indigenous gas in Europe has been signalled by the number of North American companies taking hydrocarbon exploration licences across Europe.