RNS Number: 0015 R Igas Energy PLC 25 June 2020 25 June 2020. IGas has today announced a number of cost saving measures as part of an in-depth review of expenditure.. As part of this review, it was identified that certain functions within the Chief Financial Officer's team could be restructured to reduce costs.
RNS Number: 9965 Q Igas Energy PLC 25 June 2020 THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION. Operations and Cost Savings Update. $25/ bbl, the Company took the prudent decision to temporarily shut-in a number of sites during May and June, as this had a positive impact on cash flow.
RNS Number: 1533 P Igas Energy PLC 05 June 2020 5 June 2020. RESOLUTIONS PASSED AT ANNUAL GENERAL MEETING. IGas announces the result of voting on the resolutions at its AGM held today, Friday 5 June 2020, as set out in the AGM notice..
RNS Number: 0406 P Igas Energy PLC 05 June 2020 THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION. Reflecting on our 2019 results, we continued to deliver on our strategic priorities and set about further reducing our financing costs through a $40 million Reserve Based Lending facility, which was secured in October 2019. I am pleased to announce today that we have...
RNS Number: 5990 N Igas Energy PLC 21 May 2020 21 May 2020. Annual General Meeting Update- Change of venue. Further to the circulation of the Notice of Annual General Meeting on 5 May 2020, the 2020 AGM of IGas Energy plc will no longer be held at the offices of Pinsent Masons, 30 Crown Place, London EC2A 4 ES, but will now take place at the Company's Registered Office, 7 Down...
RNS Number: 8836 L Igas Energy PLC 05 May 2020 5 May 2020. Annual Report for the Year Ended 31 December 2019 and. The AGM will be held on 5 June 2020. As at 23 April 2020, under current UK Government guidance in respect of Coronavirus, it will not be permissible to allow entry to anyone seeking to attend the AGM in person. In lieu of attending the AGM, all shareholders are...
RNS Number: 5179 L Igas Energy PLC 30 April 2020 30 April 2020. The Company announces that an application has been made to the London Stock Exchange for a total of 103,996 Ordinary Shares of 0.002 p each to trade on the AIM market of London Stock Exchange under the IGas Energy plc Share Incentive Plan. Subject to admission, the SIP Shares will be held by Equiniti Share...
RNS Number: 7901 J Igas Energy PLC 15 April 2020. The auction call period has been extended in this security by 5 minutes. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
IGas Energy #IGAS - IGas Finals today showing a laudable strength in depth in the current market mainly due to its exposure to onshore conventional plays with its eminent flexibility. Production was 2,325 boepd (2,258) in line with guidance with operating costs of $30/boe (31.9) with current guidance still 2,250-2,450 boepd with operating costs of c.$27.5/boe although this is caveat-ed for challenging environment and material uncertainty etc. With significant 2P reserves replacement ~277% (1P ~192%) there was also encouraging reserves and resources highlighted by 2P of 16.05 MMboe at the end of 2019 (14.56). The new $40m RBL reduced financial costs and provided flexibility particularly in the conventional. That conventional business generated £16.5m of free operating cash flow and the company has cash balances of £8.2m and net debt of £6.2m. Put that with an excellent hedging policy both in the commodity and the currency and you can see how well the company is run. In these markets IGas has a lot going for it.
Igas Energy Plc #IGAS announced, in its final results for the year ended 31 December 2019, that its reported revenue stood at £40.9 million, compared to £42.9 million in the preceding year. Loss after tax was £49.8 million compared to a loss of £21.4 million. The company’s cash and cash equivalents stood at £8.2 million (2018: £15.1 million).
In order to better align the interests of Directors, Persons Discharging Managerial Responsibilities and other key employees of the Group with those of shareholders, the Board of the Company has again determined that annual bonuses in excess of £30,000 will be paid to recipients in a combination of both cash and restricted stock.. The Company announces the...
IGas, one of the leading producers and explorers of hydrocarbons onshore in Britain, announces its full year results for the year ended 31 December 2019.. 1 Includes £53.9 million of exploration costs relating to NW shale assets. $27.5/ boe in 2020, the challenging environment and material uncertainty that exists could have future impacts on the business.
Igas Energy Plc #IGAS announced, in its trading statement, that operations remain on track and production is currently within the guidance range of 2,250 - 2,450 boepd, notwithstanding the current, rapidly changing macro environment. Operating costs in sterling terms are also in line. The company benefits when the dollar is stronger, and at an exchange rate of $1.2:£1, we expect operating costs to average c.$27.5/boe for the year. Cash balances at 29 February 2020 were £8.1 million and net debt was £5.2 million. Separately, in response to COVID-19 the company continue to monitor the situation closely and act within Government guidelines and to that end are working up a number of contingency plans should its operations be significantly affected by the coronavirus.
The Company benefits when the dollar is stronger, and at an exchange rate of $1. 2: £1, we expect operating costs to average c. We have also hedged $9 m into sterling at an average rate of $1. 17: £1. Cash balances at 29 February 2020 were £8.1 m and net debt was £5.2 m.
Igas Energy Plc #IGAS announces that, at the request of the Financial Conduct Authority (FCA), to observe a moratorium on the publication of preliminary financial statements for at least two weeks, the publication of its final results will be delayed pending further advice.
RNS Number: 1161 H Igas Energy PLC 23 March 2020 THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION. IGas announces that, at the request of the Financial Conduct Authority, to observe a moratorium on the publication of preliminary financial statements for at least two weeks, the publication of its final results will be delayed pending further advice.
RNS Number: 5457 C Igas Energy PLC 11 February 2020 THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION. ·2 P NPV10 of $183 million*. *based on forward oil curve of 2020 $61.78/ bbl; 2021 $58.39/ bbl; 2022 $56.97/ bbl; 2023 $56.54/ bbl; 2024 $57.67/ bbl.
IGas Energy Plc
IGAS.L
IGas Energy Plc
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IGas Energy plc is a leading British onshore oil and gas exploration and production business

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