viewIGas Energy Plc

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 needs for up to fifteen years.
A fracking application will be made next year, but even without that Bowler says IGas’s conventional assets alone are worth US$160mln against a current market value of £60mln.
That US$160mln includes nothing for the development potential, he adds.

Quick facts: IGas Energy Plc

Price: 16.8075 GBX

Market: AIM
Market Cap: £20.59 m

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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...

on 26/4/17

2 min read