Completion of Farm-out Agreement with Total E&P UK

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 13^th 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.

- Ends -

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
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