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Igas Energy Regulatory News (IGAS)

Regulatory News for Igas Energy (IGAS)

Share Price: 62.00Bid: 60.00Ask: 62.00Change: 1.10 (+1.81%)Riser - Igas Energy
Spread: 2.00Spread as %: 3.33%Open: 61.80High: 62.00Low: 61.80Yesterday’s Close: 60.90

Operational Update - Tinker Lane and Springs Road

Fri, 15th Feb 2019 08:00

RNS Number : 1973Q
Igas Energy PLC
15 February 2019


15 February 2019

IGas Energy plc (AIM: IGAS)

("IGas" or "the Company")

Operational Update - Tinker Lane and Springs Road

We note the press article today in relation to our Tinker Lane exploration site in North Nottinghamshire.

The preliminary tests on shale samples from within the Millstone Grit Group at Tinker Lane are encouraging for the potential gas resources in the Gainsborough Trough basin. The analysis of these samples is still subject to further testing and validation. As previously stated, the well, which is part of a wider exploration programme in the basin, has been plugged and abandoned and preparations are being made to fully restore the site.

Drilling operations at Springs Road-1 are progressing well. We have encountered shales on prognosis, at c.2,200 m, including the Bowland Shale horizon and coring will commence imminently. The rate of drilling at Springs Road has been quicker than anticipated, building on our learnings and operating efficiencies from Tinker Lane and augurs well for the future.

For further information please contact:

IGas Energy plc

Tel: +44 (0)20 7993 9899

Stephen Bowler, Chief Executive Officer

Julian Tedder, Chief Financial Officer

Ann-marie Wilkinson, Director of Corporate Affairs

Investec Bank plc (NOMAD and Joint Corporate Broker)

Tel: +44 (0)20 7597 5970

Sara Hale/Jeremy Ellis/Neil Coleman

Canaccord Genuity (Joint Corporate Broker)

Tel: +44 (0)20 7523 8000

Henry Fitzgerald-O'Connor

Vigo Communications

Tel: +44 (0)20 7390 0230

Patrick d'Ancona/Chris McMahon

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact or visit

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IGas Energy (IGAS)

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11-Mar-19 07:00RNSOperational Update - Springs Road WellCompany Announcement - General
15-Feb-19 08:00RNSOperational Update - Tinker Lane and Springs RoadCompany Announcement - General
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24-May-18 10:00RNSHolding(s) in CompanyHolding(s) in Company
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