Big picture - Why invest in IGas Energy Plc
IGas Energy Plc Snapshot
At a glance
IGas Energy plc is a leading onshore oil and gas exploration and production business, holding a portfolio of production and exploration assets focused on three regions: the North West, East Midlands and the Weald Basin in Southern England.The business has more than thirty years' experience of successfully and safely extracting and producing hydrocarbons onshore in the UK. The UK is recognised globally as a leading example for oil and gas industry regulationIGas is committed to the environment and providing safe and healthy working conditions for its' employees and contractors. We are also committed to maintaining close and responsive relationships with the communities in which we operate and we have a long track record of engaging with local residents. IGas operates its own Community Fund which has committed to distribute several hundreds of thousands of pounds a year to local projects that are charitable, educational or benevolent in purpose.
Where we operate
Where We Operate
We are a leading onshore hydrocarbon producer in the United Kingdom, delivering natural gas and crude oil to Britain’s energy market.We develop and produce gas and oil reserves at onshore locations in the North West of England, the East Midlands, the Weald Basin in Southern England and the northern coastal areas of the Inner Moray Firth in Scotland. With almost a decade of experience in onshore drilling, IGas is able to exploit prolific and lower-cost hydrocarbon reserves which contribute to Britain's energy security while at the same time delivering value to IGas investors.For information on our exploration sites visit www.igas-engage.co.ukFor information on our Springs Road project visit www.springsroad.co.uk
The Gainsborough area is made up of 10 fields and a processing facility. Oil is transported to Phillips 66 via road tanker, gas is piped to Gainsborough 1 for power generation and produced water is pumped for reinjection.
Based in southern England, the Weald Basin is the source of approximately 50% of our current production.The area under licence is inclusive of 11 fields within which there are 10 producing sites ranging from Stockbridge, near Winchester, in the west to Palmers Wood near Gatwick in the east and now includes the Singleton field. The area has produced more than 21 million barrels of oil to date..
In the North West we have an interest in 14 licences, located in the counties of Cheshire and Staffordshire that contain the Carboniferous Coal Measures and Bowland-Hodder shales.The total area under licence in this region is 1,737km2 (approximately 429k.acres).Our project at BartonIn June 2010, our planning application to explore for and extract hydrocarbons at the Barton site in Irlam, within PEDL 193, was approved by Salford City Council following a detailed planning process.The process involved undertaking detailed consultation with the local community as well as satisfying the Council and planning officers that we are a safe and transparent operator and able to conduct our work in an environmentally respectful manner.The site is located immediately east of the M62 and north of Barton Moss Road, Salford. The site covers an area of 1.8 acres – approximately the size of a football pitch.The land to the north of the site (east of the motorway) comprises improved grassland; the land to the south and east of the site is arable farmland. Approximately 250m to the south lies the boundary of City Airport (Barton Aerodrome), with the A57 (Liverpool Road) and the Manchester Ship Canal beyond.
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The company's shares are not traded on any other exchanges other than AIM and there are no restrictions on the trading of their securities.The company does not hold any shares in Treasury. Issued Share Capital of Company: 298,823,664Of the shares in issue 23.9% are considered not to be in public hands.Significant shareholders as at 23rd October 2015:
IGas Energy PLC
7 Down Street
+44 (0) 207 993 9899
E-mail: [email protected]
+44 (0) 203 675 6059
Nominated Advisor and Broker:
Jefferies Hoare Govett Limited
68 Upper Thames Street
88 Wood Street
Auditors to the Company:
Ernst & Young LLP
1 More London Place
Computershare Investor Services PLC
PO Box 1075