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IGAS Energy PLC Ord 0.002P (IGAS)

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11-Feb-2021 09:10 AM

IGas sees higher production in 2021 as new projects come on line

Oil and gas company IGas said it expected to increased annual production in 2021 as new projects were now on line. For 2021, the company anticipated net production of between 2,150 to 2,350 boepd and operating costs of c.$32/boe after production in 2020
22-Sep-2020 02:12 PM

IGas Energy losses deepen as crude price falls

Oil company IGas Energy swung to a deep first-half loss after revenue slumped and it wrote down the value of its assets due falling crude prices. Net losses for the six months through June amounted to £40.9m, compared to losses of £0.60m on-y
05-Jun-2020 07:59 AM

Igas Energy said well shut-ins to boost cashflow, but weigh on production

Oil and gas company Igas Energy said measures undertaken to conserve cash including the shut-in of sites would hold back full-year production. The decision to temporarily shut-in a number of sites during May and June, would have a positive impact on the
09-Apr-2020 09:52 AM

IGas losses more than double amid falling sales, slump in oil prices; trims capex spend

Hydrocarbons producer and explorer IGas reported that losses more than doubled as sales decline and oil prices fell sharply. For the year ended 31 December 2019, adjusted pre-tax losses widened to £49.1m from £25.1m on-year as revenue fell to
20-Nov-2019 01:15 PM

IGas Energy says annual output tracking at top end of guidance range

IGas Energy said its production for the year through December was tracking at the top end of its previous guidance range. The company had forecast annual output of between 2,200 and 2,400 barrels of oil equivalent per day. Operating costs were still ant
11-Oct-2019 08:22 AM

IGas' Mike McTighe steps down as chairman

IGas announced that Mike McTighe would step down as chairman with immediate effect for personal reasons. Cuth McDowell, senior independent non-executive director, would assume the role of interim chairman. At 8:22am: (LON:IGAS) Igas Energy PLC share pri
14-May-2019 09:58 AM

Igas Energy leaves output guidance unchanged as production in line with budget

Igas Energy left it guidance on output unchanged as production was in line with budget during the first four months of the year. The company averaged 2,398 barres of oil equivalent (boepd) for the first four months of the year, which was in line with bud
12-Sep-2018 10:03 AM

Igas swings to loss on stronger pound, losses on oil-price bets

Igas swung to a first-half loss Wednesday as a stronger a pound and bets on oil price movements went against the company, weighing on overall performance. For the six months ended 30 June 2018, the company reported a pre-tax loss of £1.2m, compare
21-Mar-2018 08:40 AM

Igas swings to profit as commodity prices stabilise

Igas swung to a £15.5m net profit for the year to end of December, compared with a loss of £32.9m the previous year as revenue increased to £35.8m from £30.5m amid an increase in oil prices. Performance was also supported by a ta
02-Feb-2018 08:23 AM

Igas Energy reports better than expected production

Igas Energy net production averaged 2,335 boepd for the year and operating costs were about $28.5 per boe while the average production rate in December 2017 was about 2,400 boepd . Igas energy reported cash balances of £15.m and net debt of £
20-Sep-2017 08:01 AM

IGas revenues rise

IGas Energy's revenues rose to £16.8m in the six months to the end of June - up from £12.1m last time and the group posted an after-tax profit of £8.0m against a loss of £25.2m a year ago. Adjusted earnings before interest, t
01-Aug-2017 08:24 AM

IGas planning application in Ellesmere Port validated

Chester West and Chester Council has validated IGas Energy's planning application for a proposed project at its site in Ellesmere Port. The proposed project is to carry out further tests on the rock formation called the Pentre Chert, including a flo
14-Jun-2017 01:51 PM

IGas shareholders pass all resolutions at AGM

IGas Energy has confirmed that all resolutions were passed by shareholders at today's Annual General Meeting. At 1:51pm: (LON:IGAS) Igas Energy PLC share price was 0p at 3.99p Story provided by
14-Jun-2017 07:55 AM

IGas looks forward to exciting second half

IGas Energy is looking forward to an exciting second half with a strong balance sheet enabling it to capitalise on value accretive opportunities, shareholders at the annual general meeting today will be told. In an update issued ahead of the meeting, chi
26-Apr-2017 08:19 AM

IGas after-tax losses narrow

IGas Energy's after-tax losses narrowed to £32.9m in the year to the end of December compared with £44.8m in the nine months to the end of 2015. Adjusted earnings before interest, tax, depreciation and amortisation fell to £10.2m f
09-Mar-2017 09:06 AM

IGas notes INEOS acquisition of ENGIE licence interests

IGas has noted that INEOS Upstream has recently completed its acquisition of ENGIE E&P UK's interests in certain UK onshore licences held jointly with IGas. ENGIE's obligations to carry IGas in respect of certain licences have now been taken ov
29-Dec-2016 07:37 AM

IGas update on restructuring options

IGas Energy says it has recently met with certain of its bondholders and potential strategic investors to discuss its capital restructuring options and valuation of the company. IGas says it continues to assess options which will allow a new capital str
15-Nov-2016 01:52 PM

IGas confirms Springs Road planning consent

IGas Energy says Nottinghamshire County Council's planning and licensing committee has granted planning consent for the application to develop a hydrocarbon wellsite and drill up to two exploratory wells in Misson Springs, North Nottinghamshire. Ch
31-Oct-2016 07:44 AM

IGas Energy confirms talks on range of options

IGas Energy says that further to last week's announcement and press reports at the weekend, that as it seeks a capital structure appropriate for the business in the current operating environment it continues to discuss a range of options with a numbe
17-Oct-2016 08:18 AM

IGas publishes CPR on reserves and resources

IGas has announced the publication of the full and final results of the competent person's report DeGolyer & MacNaughton, the leading international reserves and resources auditors. The reports comprise an independent evaluation of IGas conventional
06-Oct-2016 07:18 AM

IGas deferred

Nottinghamshire County Council has deferred a decision on IGas Energy's planning application for exploration at Springs Road in order to consider a late legal representation. The meeting is now expected to reconvene on 15 November. Story provid
30-Sep-2016 09:30 AM

IGas Energy revenues fall

IGas Energy posts an after-tax loss of £25.2m for the six months to the end of June compared with £19.3m last time. Revenues fell to £12.1m from £17.6m and adjusted EBITDA totalled £5.1m compared with £7.4m last time.
22-Jun-2016 03:39 PM

IGas notes offer to bondholders

IGas Energy has noted an announcement by Pareto Securities AS, on behalf of an undisclosed client regarding an offer to holders of IGas's US$165 million senior secured bonds. The announcement can be viewed at
25-May-2016 08:04 AM

IGas output stable

IGas Energy's production remains stable with guidance for the full year remaining between 2,500 - 2,700 boepd, according to an update issued ahead of today's annual general meeting. Operating costs for 2016 are expected to be $30/boe and capit
16-Mar-2016 09:04 AM

IGas Energy posts after-tax loss

IGas Energy posts an after-tax loss of GBP44.8m for the nine months to the end of December against a profit of GBP5.2m in the year to the end of March 2015. Revenues totalled GBP25.1m compared with GBP58.2m for the year to the end of March. EBITDA totall

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