Natural Gas Reserves
Icanco’s primary business is strategic based investing in the development of oil and gas reserves. Explore additional strategic drilling opportunities in other basins with unconventional pay zones that would increase our production and reserves. Icanco recognizes that current market trends indicate that this is the optimum window for these energy opportunities.
Icanco Energy understands the timely call for effective, efficient long term energy alternatives.
Icanco’s mission is to find, develop and manage profitable energy-related endeavors that provide maximum benefit to its shareholders and the environment. This will be achieved by developing producing traditional oil and gas and coal-bed methane reserves in a few carefully selected basins.
Oil and gas currently provide more than half of the world's energy supply, and according to the International Energy Agency, they—along with coal—will continue to be the major sources of energy well into the 21st century. OPEC provides about 40% of the world's oil, although its share is slated to grow. While output of conventional oil and gas from areas like Russia and the Caspian region could rise, North America and the North Sea are expected to decline gradually.
Over the longer term, where oil and gas are found and in what form will undergo a transformation. Where costs were once prohibitive, energy companies are using new technologies to extract oil and gas from existing reservoirs. And offshore technologies are allowing companies to find and extract oil and gas in deep ocean water—a location that was considered inaccessible just a few years ago. Fossil fuels also exist in unconventional forms—hydrocarbons contained in oil-sands, and even shale is believed to have more energy content than all the oil in Saudi Arabia. The catch is that it may currently take more energy and may cost more to extract and produce oil from some of these unconventional forms than would be gained.
Then there's natural gas. Getting natural gas to market takes time and investment. But gas is a cleaner source of energy than oil or coal, and emits fewer greenhouse gases. And natural gas will only increase in significance. Demand for gas is projected to grow 2.8 % annually through 2025, somewhat faster than the demand for oil.
Icanco Energy understands the timely call for effective, efficient long term energy alternatives.
Icanco’s mission is to find, develop and manage profitable energy-related endeavors that provide maximum benefit to its shareholders and the environment. This will be achieved by developing producing traditional oil and gas and coal-bed methane reserves in a few carefully selected basins.
Oil and gas currently provide more than half of the world's energy supply, and according to the International Energy Agency, they—along with coal—will continue to be the major sources of energy well into the 21st century. OPEC provides about 40% of the world's oil, although its share is slated to grow. While output of conventional oil and gas from areas like Russia and the Caspian region could rise, North America and the North Sea are expected to decline gradually.
Over the longer term, where oil and gas are found and in what form will undergo a transformation. Where costs were once prohibitive, energy companies are using new technologies to extract oil and gas from existing reservoirs. And offshore technologies are allowing companies to find and extract oil and gas in deep ocean water—a location that was considered inaccessible just a few years ago. Fossil fuels also exist in unconventional forms—hydrocarbons contained in oil-sands, and even shale is believed to have more energy content than all the oil in Saudi Arabia. The catch is that it may currently take more energy and may cost more to extract and produce oil from some of these unconventional forms than would be gained.
Then there's natural gas. Getting natural gas to market takes time and investment. But gas is a cleaner source of energy than oil or coal, and emits fewer greenhouse gases. And natural gas will only increase in significance. Demand for gas is projected to grow 2.8 % annually through 2025, somewhat faster than the demand for oil.
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