13 August 2015
IGAS Energy plc ("IGas" or the "Company")
Response to Government Planning Announcement
IGas welcomes the announcement made today by Government that gives clarity on the timetable for determining planning decisions for onshore oil and gas exploration.
IGas has more than 30 years' experience of safely and successfully extracting oil and gas onshore in Britain and we will continue to ensure that any risks or environmental impacts are minimised. We also recognise that long term sustainable community engagement is critical to ensuring we maintain our social licence to operate and we are committed to working closely with our neighbours in the areas in which we operate.
Natural gas provides over a third of Britain's overall energy needs including heating over 80% of our homes. Gas is used as a raw material in the manufacture of everyday household products such as plastics, detergents and textiles. In Britain, over 800,000 people are employed in energy intensive industries and their supply chains.
Domestically produced shale gas has the potential to provide a real alternative to imports, creating and protecting many thousands of jobs, providing taxes and business rates to local authorities and additional benefits to local communities.
ENQUIRIES
For further information please contact:
IGas Energy plc
Tel: +44 (0)20 7993 9899
Stephen Bowler, Chief Executive Officer
Ann-marie Wilkinson, Director of Corporate Affairs
Jefferies International Limited
Tel: +44 (0)20 7029 8000
Graham Hertrich/Jason Grossman
Canaccord Genuity
Tel: +44 (0)20 7523 8000
Henry Fitzgerald-O'Connor
Vigo Communications
Tel: +44 (0)20 7016 9570
Patrick D'Ancona/Chris McMahon
