logo-loader
viewIGas Energy Plc

IGas chief 'looking forward to getting on' with East Midlands drilling

Stephen Bowler, chief executive of IGas Energy Plc (LON:IGAS) runs through with Proactive their drilling plans in the East Midlands for 2017.

Bowler also mentions they're looking at sites in England's north west for further projects.

The group's recent financial restructuring was also touched on.

They've exchanged US$40mln of debt for new equity, in addition to a US$49mln bond buy-back as well as amendments being made to the terms for the remaining US$30mln of bonds.

Quick facts: IGas Energy Plc

Price: 35 GBX

AIM:IGAS
Market: AIM
Market Cap: £42.83 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of IGas Energy Plc named herein, including the promotion by the Company of IGas Energy Plc in any Content on the Site, the Company receives from...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

IGas is a 'diverse business with lots of opportunities' says CEO Bowler

Onshore UK focused IGas’s (LON:IGAS) production currently is 850,000 barrels per year, but that is dwarfed by its shale acreage in the East Midlands. This compares favourably with major shale plays in the US, says Bowler, who believes the reserves are sufficient to provide all the UK’s gas...

on 17/10/19

2 min read