4 Feb 2014 07:00
4 February 2014
IGas Energy plc
("IGas" or "the Company")
Completion of Farm-out Agreement with Total E&P UK Limited
Further to the announcement of 13th January 2014, IGas, one of the leading producers of onshore oil and gas in the UK, today announces the completion of the farm-out agreement with Total E&P UK Limited.
IGas will assume operatorship of the licences with immediate effect.
PEDL139 and PEDL140 are located in the Gainsborough Trough in Nottinghamshire and South Yorkshire. The Licences cover an area of 240Km2 and border PL178 and PEDL006 at Beckingham, an existing IGas producing field.
All of the necessary consents and approvals have now been received from DECC including IGas's operatorship of the Licences.
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For further information please contact:
IGas Energy plc | Tel: +44 (0)20 7993 9899 |
Andrew Austin, Chief Executive Officer Stephen Bowler, Chief Financial Officer Ann-marie Wilkinson, Head of Communications
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Jefferies International Limited | Tel: +44 (0)20 7029 8000 |
Sara Hale
Canaccord Genuity Tim Redfern |
Tel: +44 (0)20 7523 8000 |
MHP
Rupert Trefgarne Tel: +44 (0)20 3128 8100
IGAS.L (IGAS)