Acquisition

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