About Us

Our History

Composite Energy was formed in 2004 to pursue the development of Coal Bed Methane (CBM), an indigenous onshore resource, in the UK and elsewhere in Europe. The company holds licenses across the UK, in Poland and anticipates signing additional licenses in Belgium and Germany in 2010/11.

During the last 2 years the US gas market has been transformed by the rapid development of shale potential in addition to existing CBM production to the extent that there has been a significant reduction in the need for imported sources of gas. In very recent times a significant amount of new licensing activity has taken place in Europe with major international companies recognising the potential for similar potential in certain areas. Composite was initially focused solely on CBM but also has shale resources and conventional oil and gas within its current license portfolio and expects to add to that potential in 2010/11. Our objective is to turn that potential into indigenous production as early as possible.

Faced with a real scarcity of drilling and other onshore oil and gas services in Europe and very active drilling campaigns, Composite manages its own fleet of modern purpose-built drilling rigs. That decision has provided flexibility of operation, minimised our environmental footprint, reduced costs and, through being an active driller, has enabled us to create an independently managed rig fleet now operating in Europe for 3rd parties drilling conventional wells, CBM and shale wells and gas storage wells (www.geometric-drilling.co.uk).

Following the award in September 2008 of 14 CBM licenses in the 13th UK Licensing Round, with 20 well obligations, Composite has already drilled 10 of those wells and has worked with 8 local planning authorities and many landowners to establish 45 planning consents and 63 land agreements within 12 months. Our technical and surface management teams have established operating standards and a fully-transparent approach to planning applications which, we believe, has contributed to our ability to progress activity safely and at this pace.

From our operations since 2006 we have drilled bb pilot development wells, the best of which produced sustained production of 200,000 scfd, and 16 appraisal wells to identify the most prospective CBM areas from our portfolio. We are seeking to take what we have learned from that activity to establish production and booked reserves as soon as possible. Our business development activity has identified new target areas in Belgium and Germany which we believe will be secured in licence or commercial agreements during 2010/11.

Composite has identified shale potential within its licenses and is working to establish approaches to shale operations that combine establish technology and knowledge from North America with our experiences of CBM operations in a UK and European context.