About IGas Leading AIM quoted UK onshore hydrocarbon producer and operator - 30 fields with 117 producing wells - Production in 2014 of c.1.0mmboe (2013: c. 0.9mmboe), 2P + 2C of c.23.9 mmboe - Operator on behalf of Total and…
Where we operate Caithness, Scotland East Midlands North West / Staffs Weald Basin Other licence IGas licence Oil Field Unconventional Field
Operational highlights Farm-out agreement with Total E&P UK Limited (Total) signed, under which Total acquired a 40% interest in PEDL 139/140 Licences. Total will fund a fully carried work programme of up to 46.5 million, with a minimum…
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:…
Profit and loss account Consolidated Income Statement Group production in the year was For the year ended 31 March 2014 1,015,866 boe, representing an Year ended 31 March Year ended 31 March average of 2,783 boepd (2013: 2,470…
Balance sheet Consolidated Balance Sheet As at 31 March 2014 31 March 31 March 2013 2014 000 Notes 000 Restated 2013 comparison represents the Non-current assets Intangible exploration and evaluation assets 11 90,997 81,702…
Bond Issue April last year saw the completion of the US165m secured bond issue. The bonds were subsequently listed on the Oslo Bors in September 2013 In December 2013, the Company issued US30m of unsecured bonds, which were shortly…
Political and regulatory March: Budget 2013 contained measures to facilitate investment and support Britains shale gas industry, including community benefits, planning and taxation April: a Energy and Climate Change Select Committee…
IGas in the community IGas places huge importance on building trust and Identifying potential issues in understanding with landowners, the local advance and working with the community and other stakeholders through an open community to…
Dart acquisition ASX listed Gross Funded Acreage 395 k.acres across 15 licences Position in UK unconventional assets - Shale gas potential of up to 110 Tcf in the Bowland Basin in England (all net to Dart Energy, as independently…
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) 12
Outlook In addition to exploration wells, we plan to drill and flow test two wells during 2015, subject to being able to obtain all the necessary permits The acquisition of ca. 100 km2 of 3-D seismic surveys is underway across the…
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