Acquisition

RNS Number : 9680Y

Igas Energy PLC

01 March 2013

 



1 March 2013

IGas Energy plc ("IGas")

Completion of P.R. Singleton Limited Acquisition

The Board of IGas Energy plc is pleased to announce the completed acquisition of P.R. Singleton Limited ("PR Singleton") from Providence Resources P.l.c ("Providence") following fulfilment of the conditions precedent and approval from the Department of Energy and Climate Change (DECC ).

Andrew Austin, CEO of IGas Energy, commented:

"The acquisition of P.R. Singleton Limited plays an important role in further consolidating our position as a leading onshore oil and gas company across Britain, giving us a material increase in reserves and production."

ENQUIRIES

For further information please contact:

IGas Energy plc                                                                                                 Tel: [phone]

Andrew Austin, Chief Executive Officer

Stephen Bowler, Chief Financial Officer

Jefferies International Limited                                                                 Tel: [phone]

Sara Hale 

Jamie Buckland

Canaccord Genuity                                                                                         Tel: [phone]

Giles Fitzpatrick

Tim Redfern

 

END

 

 

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