IGas is pleased to announce that Kate Coppinger has accepted an invitation to join the Board of IGas as an Independent Non-executive Director with immediate effect. Kate will be a member of the audit and remuneration committees.
IGas announces that Cuth McDowell has notified the Board, after 10 years of service as a Non-executive Director and currently Interim Non-executive Chairman…
The Company has completed the RBL redetermination exercise confirming US$31.7 million (£24.0 million) of debt capacity and current headroom of US$11.7 million (£8.9 million). As at 30 November 2020 cash balances stood at US$2.8 million, with net debt of US$17.2 million.
IGas is today providing an update on further actions it has taken to mitigate the impact of continued low oil prices during the COVID-19 lockdown period.
IGas provides a reserves, trading and operational update for the year to 31 December 2019. Final results for the year ended 31 December 2019 are expected to be announced on Thursday, 26 March 2020. The information contained in this statement has not been audited and may be subject to change.
IGas announces that it has now completed the repayment of its Secured Bonds at par value (100%) plus accrued interest through the drawdown of $25 million from the recently announced Reserve-Based Lending Facility (“RBL”) with BMO Capital Markets.
IGas announces that Mike McTighe is to step down from his role as Non-Executive Chairman and leave the Board with immediate effect, for personal reasons. Cuth McDowell, Senior Independent Non-executive Director, will assume the role of interim Non-executive Chairman.
IGas Energy plc, one of the leading producers of hydrocarbons onshore in Britain, announces its unaudited half-year results for the six months to 30 June 2019.
IGas is delighted to announce highly encouraging core analysis results from its SR-01 exploration well at Springs Road in North Nottinghamshire.
IGas is pleased to announce it has received final planning approvals and is moving to the execution phase for a waterflood project, at its existing producing field at Scampton in the East Midlands.