Company
IGas Energy PLC
LON:IGAS
IGas Energy is a leading British oil and gas explorer and developer, producing c.1m barrels of oil and gas equivalent every year from over 100 sites across the country, with significant potential yet to be delivered from our assets.IGas has played a key role in Britain’s onshore energy production; safely exploring, developing and producing onshore oil and gas at our sites for over three decades. Our management and technical teams have many years of experience in onshore energy production and most live and work in the communities in which we operate.IGas is extremely well positioned for the future as we move closer to unlocking Britain’s untapped unconventional oil and gas resources
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Today's Oil and Gas Update: Rex International Holding, IOG, Echo Energy, and more...
Market Update: 18 April 2023Rex International Holding* (SGX: 5WH) - Tap to existing bondLON:IOG - Blythe well suspendedLON:ECHO - Liquidity concernsLON:ANGS - Production updateTSE:VLE - Strong 1Q performanceLON:AET - Progress on transaction
IGas points to "shocking" hypocrisy of Sunak's US gas import deal
Gas used by the UK will be fracked nonetheless, with a greater carbon footprint, and the economic benefits will go to America.
IGas Energy says fracking flip-flop is ‘driving investment away’
The AIM-quoted shale gas firm said it reserves the right to pursue legal actions to recover shareholder losses.
Igas and Egdon tumble after Rishi Sunak says fracking ban will return
Liz Truss reversed the party's election pledge during her fleeting time in 10 Downing Street
UK govt wins fracking vote but 'no company will risk investing' in UK shale, says supporter
Labour had proposed a vote to ban fracking for shale gas after Liz Truss lifted a moratorium on the practice after she became PM
Labour brings motion to overturn Truss's fracking plans
Fracking was banned in 2019 following pressure from green groups and concerns about Earth tremors
Fracking changes under threat as worried Tory MPs reach out to Labour
Shares in UK fracking companies fell sharply on the reports today
IGas Energy and Egdon Resources boosted as fracking ban officially lifted
“The development of IGas' shale gas assets has the potential to provide secure and affordable energy for the UK in the near term," said IGas executive chair Chris Hopkinson
IGas Energy calls for government to streamline regulatory process a week after fracking greenlight
The company reported a near doubling of revenues for the first half of 2022 due to higher oil and gas prices
UK fracking will only be 'cottage industry' says Citi, and North Sea 'even more doubtful'
However, the energy bill freeze is predicted to lessen and potentially avert a UK recession – but not stop more interest rate rises
IGas Energy, Egdon and UK Oil & Gas see share rise further as Liz Truss becomes PM
Lifting of the fracking moratorium would spark fresh life into the shale gas sector.
Britain’s small-cap gas firms may be set for Truss boost
It remains to be seen whether or not talk of energy security is opportunistic fodder for the incoming PM or a genuine turning point for industry.
Will the moratorium on fracking for shale gas be removed as the government seeks new sources?
Department for Business, Energy and Industrial Strategy asked the British Geological Survey in April to review the scientific basis for fracking to help alleviate the energy price crisis
UK shale gas firm says it can supply 3mln British homes in 12-18 months 'with right government support'
London-listed IGas and Egdon Resources are estimated to have the potential for over 100 trillion cubic feet of gas resources in the UK, which could be developed subject to a new government review of fracking
Frackers welcome Government decision to look again at UK shale
Kwarteng said: “We have always been, and always will be, guided by the science on shale gas."
IGas Energy and Egdon Resources shares rise as UK rethink over shale
The UK shale shares advanced on the London Stock Exchange.
Cornish Lithium and IGas Energy to explore geothermal energy sites in Cornwall
"This represents a significant opportunity to accelerate the development of geothermal heat projects in Cornwall," said CEO of Cornish Lithium
Shale gas firm IGas Energy diversifies with deal to acquire geothermal venture near Stoke
The shale gas firm was stifled by a moratorium on fracking in late 2019 and it now plans to use its core competencies in the delivery of a 'zero carbon' energy project near Stoke-on-Trent.
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Malcy's Blog- IGas, Rose Petroleum, Sundry Echo, Coro, PetroTal
IGas Energy The decision by the Government for a moratorium on fraccing in the UK has obviously put the cat amongst the pigeons, coming as it did from left field. An abrogation of responsibilities can only be expected during an election cam
IGas highlights conventional potential as fracking debate intensfiies
"Springs Road ticked every single box from a world-class shale play perspective,”
Is fracking off the table in the UK after NAO says no?
It is becoming quite clear that broader narratives concerning hydrocarbons, fuel and industrial businesses are changing
IGas Energy to advance conventional Welton project with waterflood
"We continue to mature projects across the portfolio as we seek to maximise returns on our existing operations and infrastructure, and in this case are pleased to be moving forward with another low-risk opportunity," said CEO Stephen Bowler
IGas Energy unveils plans to drill two new wells in the Weald Basin in Surrey
Talks will include community input before any planning application is submitted.
UK gas industry boxed in as fracking tsar quits over strict rules and tremor myths
Yet again, we’re talking about politics and regulation rather than wells and production tests.
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Blue chips to swerve Thursday’s Brexit fall-out, small caps will be in spotlight
IGas and Gulf Keystone are on the agenda, meanwhile Brexit will likely be a talking point for Eddie Stobart Logistics.
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Proactive news snapshot: IQ-AI, IGas Energy, OPG Power Ventures, Shanta Gold …
A glance at some of the day's highlights from the Proactive Investors newswire
Investments and investor services
Zenith Energy cycles higher after it renegotiates convertible loan
A look at the day's major movers, including IDE Group, Xaar, PhotonStar, Ascent Resources, Northern Bear, Driver Group, Reabold Resources, IGas Energy and Egdon Resources
IGas Energy Springs Road well reveals significant shale sequence
“The data gathered to date shows that there are significant prospective resources in our East Midlands acreage and is another important step for the UK onshore industry"
Investments and investor services
FTSE 100 clings on to gains as rumours swirl of visit by Theresa May to the Last Chance saloon in Strasbourg
Straight from the horse's mouth? Not really. It was the deputy head of the Irish government, Simon Coveney, who confirmed that Theresa May will fly to Strasbourg this evening “to try to finalise an agreement, if that’s possible”.
Oil & Gas firms on tenterhooks as world’s largest sovereign wealth fund to decide whether to dump sector
The Government Pension Fund of Norway will decide on Friday whether to offload its US$37bn stake in the industry
IGAS Energy shares boosts as Cuadrilla get greenlight to start fracking in Lancashire
“We are delighted to be starting our hydraulic fracturing operations as planned,” said Francis Egan, Cuadrilla chief executive
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Dunelm looking to draw a line under tough year with Wednesday’s full-year results
Homeware retailer Dunelm, housebuilder Galliford Try and football pitches group Goals Soccer Centres are all due up on what looks set to be a fairly quiet Wednesday in London
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Heatwave may help or hurt sales at Wetherspoons, JD Sports, Primark and Dunelm
The week ahead includes annual results from Wetherspoons, Galliford Try and Dunelm along with interims from Morrisons and trading updates from AB Foods and Ashtead
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FTSE 100 closes in the red as markets jittery ahead of Fed interest rate decision
The UK's premier index closed down around 22 points at 7,038, while the FTSE 250 shed over 55 points at 19,668.
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B&Q stores chain Kingfisher to provide hints to health of UK retail sector with full-year results
The day ahead includes full-year results from FTSE 100 DIY retailer Kingfisher PLC, plus the latest Federal Reserve rate decision, and UK unemployment and average earnings data
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"Bombed Out" portfolio goes long on UK oil explorers
The recovery stocks portfolio needs a stock to whack one out of the ground, and you can't get much more "hit or bust" than oil & gas exploration companies
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Proactive oil and gas news highlights - Rose Petroleum, Angus Energy, Hurricane Energy, Tlou Energy and more
oil and gas, Rose Petroleum PLC, Angus Energy PLC, Hurricane Energy PLC, Tlou Energy, shares
IGas Energy sees increasing momentum for UK shale
“We look forward to the future with excitement not only for IGas, but for the wider UK onshore industry as security of energy supply and diversification of the UK energy mix becomes ever more critical."
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Proactive weekly oil and gas news - 88 Energy Ltd, Petro Matad Ltd, Egdon Resources and more
A look at the world of small cap oll and gas news this week
Egdon Resources picks up new midlands gas project
“This acquisition is consistent with our strategy of enhancing Egdon's position in core areas where we see significant oil and gas potential," the company said
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Proactive weekly oil news: Aminex, Solo Oil, Sound Energy ...
A look back at the week’s highlighted news for junior oilers
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Proactive news round-up: Mariana Resources, KEFI Minerals, Windar Photonics …
A glance at some of the stories on the Proactive newswire today
IGas Energy to start Midlands shale drilling this year
New shale wells are due to start before the end of the year and site selection is underway for new projects in North West England.
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Proactive weekly oil and gas news - Hurricane Energy Plc, 88 Energy Ltd and more
The new estimates, revealed in a new power point presentation, put the field’s oil-initially-in-place in a range of 1.29bn to 3.03bn barrels
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Proactive news round-up: Gulf Keystone, Corero, Chesnara, Blur...
A glance at some of the stories on the Proactive newswire today
Kerogen Capital ends up with near 28% shareholding in iGas Energy following completion of its recent refinancing
Unconventional Energy Limited, a vehicle of the oil & gas industry investment specialist has declared it now holds 679,282,165 shares in the AIM-listed firm, a 27.999% stake
IG Design Group hits new sales record
Some of the largest rises and falls at 2.30pm: IG Design, Lansdowne Oil & Gas, Coral Products
FTSE 100 closes down as Washington gets most attention
London traded sideways with attention on Donald Trump's attempt to get a key healthcare pledge through Congress
Frontera Resources surges after investor conference
Some of the largest rises and fallers at 3pm: Frontera, Franchise Brands, Starcom
IGas Energy lands planning approval for another Nottinghamshire shale gas well
The UK shale gas firm now has planning approval for a new exploration well site, at the Tinker Lane location near Barnby Moor, North Nottinghamshire.
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Proactive weekly oil news – Sound Energy, Haydale Graphene, Victoria Oil & Gas…
A look back at the week’s highlighted news for junior oilers
Metal Tiger buoyed by strong response to partner's fund raise
Main share price risers and fallers in London at 4pm: Metal Tiger, Ilika
IGas Energy confirms it will cut out US$112mln of debt though its financial restructuring
IGas is bringing in up to US$60mln of new capital and exchanging around US$112mln of debt for new shares.
Investments and investor services
FTSE 100 hits record high close, again
FTSE 100 stocks closed at a record high on Friday for a second successive session, after making a fresh intraday peak, and a good way for equity investors to end the week
IGas Energy notes changes to UK shale licences after INEOS bought ENGIE UK interests
IGas's partnerships and 'carries' are key assets as the indebted group restructures.
FTSE 100 stocks endure a refund as supermarket Morrison falls
FTSE 100 stocks bagged a net loss on Thursday after supermarket chain WM Morrison fell on an uncertain outlook
IGas Energy will be on a sounder footing after financial restructuring - broker
There will be dilution for shareholders, but, the deal allows the company to alleviate financial pressures and ease its debt burden.
ValiRx and Faron highlight different sides of pharma funding
Some the largest rises and fall at 3pm: ValiRx, Faron, Jersey Oil
IGas Energy reveals debt restructuring plans, plus new US$35mln funding
The UK shale firm is bringing in at least £35mln of new capital from a strategic investor whilst arranging a debt-for-equity swap with lenders.
IGas Energy makes mandatory offer to redeem US$2.3mln of bonds
The offer, to redeem US$2.3mln of bonds, will be open until March 1.
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Energy round-up: Wind turbine group Windar Photonics notches up good run of contract wins
After unveiling deals in India on both Wednesday and Thursday, Windar came up with seven more on Friday, including its first test in Korea.
IGas Energy 'well progressed' with talks with potential investor
A previously disclosed, the firm has recently met with certain bondholders and potential investors.
Proactive news round-up: Atlantis Resources, Midatech, AdEPT Telecom...
A round-up of the stories on the Proactive newswire today
IGas Energy gets green light for Nottinghamshire shale gas site
IGas has been granted planning approval to drill two exploration wells to target shale gas resources in Nottinghamshire.
Igas Energy gets Notts planning permission boost
The biggest small cap risers and fallers in London at 3.44pm
IGas Energy shares up as it averts covenants breach
The group has realised US$6 million selling secured bonds
Risers and fallers: Inmarsat, Highland Gold, Blur
Inmarsat heads higher as third quarter revenues pick up
Risers and fallers: Amur Minerals, Jersey Oil and Gas, Motif Bio
Shares in explorer Amur Minerals soared on Monday after it announced a tie with Chinese nickel giant Jinchuan
IGas Energy confirms talks with bondholders and new investors
IGas confirmed it is talking to bondholders and strategic investors about restructuring its capital, it may result in the group's conventional assets being sold.
IGas bondholders split over new debt terms
Some bondholders want IGas to sell its conventional oil assets, while others would prefer to see a capital restructuring.
IGas Energy’s UK shale gas resources estimated at 11 trillion cubic feet
The third party assessment comes as the UK shale firms continue to pursue planning approval for well sites.
Risers & Fallers: Petrel rallies on work application in Ghana
Largest share price rises and falls in London at 4.00pm
IGas Energy calls bondholder meeting, seeks waiver to debt terms
The meeting is expected to be a platform for talks to agree a sustainable capital structure, IGas explained.
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Proactive weekly oil and gas news - IGas Energy, Sound Energy, Providence Resources and more...
A lok at the junior oil and gas sector stories this week
IGas up over 30% as Westminster green-lights UK shale industry
Significantly for IGas it comes less than 24 hours after a decision for a project in Nottinghamshire was deferred until next month.
Risers & Fallers: Agriterra, Jersey Oil, Mercom Capital, Nu-Oil, Prime People, Red Leopard
Main share price risers and fallers in London at 3.45pm
Decision on IGas shale project deferred, attention turns to Cuadrilla and govt decision
Cuadrilla's dispute over its Lancashire project is expected to be settle later today by Communities Secretary Sajid Javid.
Investments and investor services
FTSE 100 closes below 7,000 on Brexit and US jobs worries
IGas was on a charge after a milestone decision for the UK shale gas industry
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Proactive oil highlights: Active Energy, Falcon, Highlands, Hurricane, Premier Oil and more...
Weekly round up of the top headlines from the world of oil
IGas Energy says “consensual resolution” to debt negotiations is likely
“We acknowledge the challenges that our current capital structure presents and are engaged with our bondholders and potential strategic investors to right-size our balance sheet," said chief executive Stephen Bowler.
Labour vow to ban fracking sparks industry warning
Labour says fracking incompatible with low-carbon energy policy
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Proactive oil highlights: Canadian Overseas Petroleum, Egdon Resources, Haydale Graphene and more...
A round up of oil sector news from the world of Proactive.
London shares fumble way to gains as oil prices, bank stocks rise
London shares seesawed and ended firmer on Monday thanks to gains by oil prices. The FTSE 100 index closed up 0.2% at 6,809, and was led higher by banks
Shares in frackers rise as government unveils compensation plan
Ministers plan to give cash to householders rather than councils or community groups
Risers and fallers: Genel Energy, Telit Communications, Glenwick ...
Main share price risers and fallers in London at 9.30am
Investments and investor services
Risers & Fallers: Acorn Minerals, LivaNova, Thor ...
Investors have subscribed for 16.5mln Acorn Minerals shares at 15p a pop, raising the company £2.48mln. Shares rose to 13.25p.
Investor seeks to acquire IGas Energy’s listed bonds
IGas recently began talks with its leading bondholders, and today a third party moved to acquire its listed bonds.