1 Mar 2013 07:00
1 March 2013
IGas Energy plc ("IGas")
Completion of P.R. Singleton Limited Acquisition
The Board of IGas Energy plc is pleased to announce the completed acquisition of P.R. Singleton Limited ("PR Singleton") from Providence Resources P.l.c ("Providence") following fulfilment of the conditions precedent and approval from the Department of Energy and Climate Change (DECC ).
Andrew Austin, CEO of IGas Energy, commented:
"The acquisition of P.R. Singleton Limited plays an important role in further consolidating our position as a leading onshore oil and gas company across Britain, giving us a material increase in reserves and production."
ENQUIRIES
For further information please contact:
IGas Energy plc Tel: +44 (0)20 7993 9899
Andrew Austin, Chief Executive Officer
Stephen Bowler, Chief Financial Officer
Jefferies International Limited Tel: +44 (0)20 7029 8000
Sara Hale
Jamie Buckland
Canaccord Genuity Tel: +44 (0)20 7523 8000
Giles Fitzpatrick
Tim Redfern