IGas Energy plc FirstEnergy: Global Energy Conference September 2014
About IGas Leading AIM quoted UK onshore hydrocarbon producer and operator - UK sole focus - 30 conventional fields with over 100 producing wells - Production in 2014 of c.1.0mmboe (2013: c. 0.9mmboe), 2P + 2C of c.23.9 mmboe -…
Our business model 3
Where we operate Caithness, Scotland East Midlands North West / Staffs Weald Basin Other licence IGas licence Oil Field Unconventional Field 4
A UK perspective - benefits of shale gas The UKs indigenous gas production is in decline It is projected that by 2030, imports of gas will increase to 74% of total UK consumption National Grid projections suggest that the market in Great…
Production progress and momentum Net production 12 months to 31 March 2014 2,783 boepd Acquisition of Caithness Oil oil production 100 boepd plus gas monetisation 'Chase the Barrels' initiative - focus on sustainable long- term…
Exploration unlocking resources Successful exploration well - Irlam-1 - at Barton Moss in Eccles Analyses of cores underway Drilling rig secured for Ellesmere Port exploration well; expect to spud Q4 2014 Third exploratory well…
Financial highlights Revenue of 75.9m (2013: 68.3m) Total net production c.1.0mmboe (2013: c.0.9mmboe) EBITDA of 34.3m (2013: 32.3m) Underlying operating profit of 20.3m (2013: 22.1m) Net profit/(loss) before tax of 2.3m (2013:…
Political and regulatory update All main UK political parties supportive of exploration Industry regulated by four layers of oversight including the Environment Agencies (EA, SEPA, NRW), the Health and Safety Executive (HSE), the…
Dart acquisition Offer valued the total share capital of Dart at approximately A211.5 million on a fully diluted basis (equivalent to 117.1 million*). Dart shareholders will receive 0.08117 IGas shares for each Dart share Acquisition…
IGas UK License position 11
IGas / Dart UK License combined 12
Combined UK license position Dart has an option to farm-in to an 80 % interest in the shale horizon of a further licence (PEDL 169) 13
Going forward. In addition to exploration wells, we will drill and flow test two wells during 2015, subject to obtaining all the necessary permits and planning The acquisition of ca. 100 km2 of 3-D seismic surveys is underway across…
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