Company Presentation

RNS Number : 0376H

Igas Energy PLC

10 March 2015

 



10 March 2015

IGas Energy plc

("IGas" or the "Company")

Company Presentation

Further to the Company's announcement this morning that it has signed a Farm out and Purchase Agreement ("FOPA") with INEOS Upstream Limited, a map and further details of the licences subject to the FOPA have been uploaded to www.igasplc.com/investors.  As stated in the materials, IGas currently has Gas Initially In Place ("GIIP") of 147 TCF* (most likely case.) On completion, IGas will transfer 222k net acres and 67 TCF** (most likely case) of GIIP to Ineos (based on IGas estimates and including PEDL 012 and PEDL 200).

*excluding Weald Basin licences areas and Coal Bed Methane

** excluding Coal Bed Methane

John Blaymires, Chief Operating Officer of IGas Energy Plc, and a qualified person as defined in the Guidance Note for Mining, Oil and Gas Companies, March 2006, of the London Stock Exchange, has reviewed and approved the technical information contained in this announcement. Mr. Blaymires has more than 30 years' oil and gas exploration and production experience.

ENQUIRIES

For further information please contact:

IGas Energy plc                                                                                                               

Tel: [phone]

Andrew Austin, Chief Executive Officer

Stephen Bowler, Chief Financial Officer

Ann-marie Wilkinson, Head of Communications

Jefferies International Limited (NOMAD and Joint Corporate Broker)                                                                                  

Tel: [phone]

Sara Hale 

Graham Hertrich

Canaccord Genuity (Joint Corporate Broker)                                                                                                    

Tel: [phone]

Henry Fitzgerald-O'Connor

Vigo Communications

Tel: [phone]

Patrick D'Ancona/Chris McMahon

 

END

 

 

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