Response to Government Planning Announcement

RNS Number : 9110V

Igas Energy PLC

13 August 2015

 

13 August 2015

IGAS Energy plc ("IGas" or the "Company")

Response to Government Planning Announcement

IGas welcomes the announcement made today by Government that gives clarity on the timetable for determining planning decisions for onshore oil and gas exploration.

IGas has more than 30 years' experience of safely and successfully extracting oil and gas onshore in Britain and we will continue to ensure that any risks or environmental impacts are minimised.   We also recognise that long term sustainable community engagement is critical to ensuring we maintain our social licence to operate and we are committed to working closely with our neighbours in the areas in which we operate.

Natural gas provides over a third of Britain's overall energy needs including heating over 80% of our homes. Gas is used as a raw material in the manufacture of everyday household products such as plastics, detergents and textiles.  In Britain, over 800,000 people are employed in energy intensive industries and their supply chains.

Domestically produced shale gas has the potential to provide a real alternative to imports, creating and protecting many thousands of jobs, providing taxes and business rates to local authorities and additional benefits to local communities.

ENQUIRIES

For further information please contact:

IGas Energy plc                                                                                                                

Tel: [phone]

Stephen Bowler, Chief Executive Officer

Ann-marie Wilkinson, Director of Corporate Affairs

Jefferies International Limited                                                                                    

Tel: [phone]

Graham Hertrich/Jason Grossman

Canaccord Genuity                                                                                                         

Tel: [phone]

Henry Fitzgerald-O'Connor

Vigo Communications

Tel: [phone]

Patrick D'Ancona/Chris McMahon

 

END

 

 

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