About IGas* Leading AIM quoted UK onshore hydrocarbon producer and operator - UK sole focus - 30 conventional fields with over 100 producing wells - Now operating an 80 million gross work programme - Operator of choice on behalf of…
Where we operate Licence positions vary from 30-100% in unconventional basins Gross funded acreage of 395k. acres and a carried work programme of over US80m for a total of 15 licences funded by GdF and Total 3
Highlights Average net production of 2,766 boepd (2013: 2,704 boepd) Ellesmere Port exploration well spudded on 15 November and we continue drilling Successful completion of Dart Energy acquisition on 16 October integration on track…
IGas Licences within the North West 5
Barton Moss Well Operations Summary Successful Operations Barton Moss was successfully drilled to a depth of 7,004ft The well drilled a full stratigraphic sequence of Pennine Coal Measures, encountering 15 coal seams with a net…
Barton Moss Key Core Analysis Results Formation Average TOC (%) Maturity Porosity (%) Permeability (D) 1.6 Upper Sabden Gas Window 3.3 5.3 0.03 (up to 2.1) 2.4 Middle Sabden Gas Window 0.9 4.5 0.02 (up to 5.7) 1.8 Bowland Shale…
Financial highlights Revenue of 34.5 million (2013: 36.2 million), impacted by forex Gross profit of 12.5 million (2013: 16.4 million) Adjusted EBITDA1 of 14.8 million (2013: 17.3 million) Underlying profit before2 tax 1.1m (2013:…
Profit and loss account Realised price per barrel pre- and 6 months ended 30 6 months ended 30 post-hedge averaged 62.9 September 2014 September 2013 m m (US104.2) (2013: pre-hedge 67.4 (US104.2) and post hedge 65.6 (US101.3)) with…
Net back per barrel Average realised price per barrel (pre-hedge) US104.2 (2013: US104.2/bbl) 104.2 Net back to IGas having taken into account operating costs and S,G&A averaged US51.5 /bbl in 51.5 the period (2013: US57.5/bbl)…
Balance sheet Unaudited at 30 Audited at 31 September 2014 March 2014 m m Net current assets includes, for Non-current assets 246.7 245.7 technical accounting reasons, a Current assets: current liability of 3.3m in relation…
Production update Net production 6 months to 30 Sept 2014 2,766 boepd STOIIP of approx. 475 mmboe 68 mmboe recovered to date, all primary recovery with 23.9 mmboe of independently assessed remaining reserves (2P + 2C), expected…
Significant shale resource potential The Midland Valley, Scotland: - Shale Gas in place estimates - 49.4 trillion cubic feet (Tcf), 80.3 Tcf, 134.6 Tcf (low, mid and high) - Shale Oil in place estimates - 3.2 billion barrels (bnbbl),…
Unlocking the opportunity in key basins 17
Exploration unlocking resources Successful exploration well - Irlam-1 - at Barton Moss in Eccles Results support reservoir model and help refine appraisal programme Ellesmere Port exploration well; spudded 15 November 2014 Third…
Community and Industry Initiatives Continued support across all main political parties Social licence to operate New community website - www.igas-engage.co.uk Ongoing engagement at Ellesmere Port newsletter Launched the 2015 round…
Going forward. Following the Dart acquisition we are now operating an 80 million gross work programme on behalf of partners IGas now operates on behalf of Total E&P UK Limited (Total), GDF SUEZ E&P UK Ltd (GDF) and INEOS Anticipate…
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