Unlocking Britain's Energy Potential

Company heritage

IGas is a young, dynamic company that has, in seven years as a listed entity, built a portfolio of licences to become the UK’s leading operator of onshore oil and gas in Britain. 

Heritage of onshore oil and gas in the UK

Oil and gas has been produced both onshore and offshore in Britain since 1851. The onshore oil industry gathered pace during the Second World War, when importing energy supplies from overseas was particularly difficult. Since then, Britain has benefited from over 2,000 onshore sites in communities across Britain, producing oil and gas for the UK economy. One of those is Europe’s largest known onshore oil and gas field at Wytch Farm in Dorset. Set in one of the most environmentally-sensitive areas of Britain, it produces ca.16,000 barrels of oil a day.

IGas today

Today, IGas is building on Britain’s heritage and operates the largest number of onshore oil and gas fields in Britain. Oil and gas has been safely explored, developed and produced at our sites for over 30 years, and we continue to unlock Britain’s untapped energy potential to deliver economic benefits, energy security and jobs for communities across the UK.

2017

April 2017

Results of General Meeting and Bondholder Meetings - All Resolutions Passed

March 2017

Tinker Lane Planning Application Approved

March 2017

Final Terms of a proposed capital restructuring

March 2017

Changes of UK Onshore Licence Interests

2016

November 2016

Springs Road Planning Application Approved

October 2016

Publication of Competent Persons Report

August 2016

Notification of Board Changes

2015

December 2015

IGas Offered New Blocks in Second Tranche of the 14th Onshore Licensing Round

August 2015

Julian Tedder appointed as Chief Financial Officer, with effect from 28th September 2015

May 2015

Stephen Bowler appointed as Chief Executive Officer.

May 2015

Completion of Farm-out with INEOS Upstream

2014

October 2014

Completed the acquisition of Dart Energy Ltd

May 2014

Post year end proposed acquistion of Dart Energy Limited valuing the total share capital of Dart, on announcement, at approximately A$211.5m on a fully diluted basis (being equivalent to £117.1m).

February 2014

Completed Farm-out Agreement with Total E&P UK Limited

January 2014

We signed a farm-out agreement with Total E&P UK Limited, under which Total E&P UK Limited will acquire a 40% interest in PEDL139 and PEDL140. Total will fund a fully carried work programme of up to $46.5m with a minimum commitment of $19.5m. IGas was appointed operator on the Licences with an increase in equity interest to 14.5%

2013

December 2013

Completed the acquisiton of Caithness Oil Limited

December 2013

We announced the arrangement of a USD30 million senior unsecured bond issue

October 2013

Bond listing effective on the main market of the Oslo Stock Exchange

September 2013

We entered into a Heads of Agreement with Caithness Petroleum Limited to acquire Caithness Oil Limited, its UK subsidiary

June 2013

We announced our revised estimates of Shale Gas in place of our North West licences of up to ca.170Tcf

March 2013

We announced the arrangement of a five-year, USD165 million senior secured bond issue

March 2013

Completed acquisition of PR Singleton from Providence Resources plc

January 2013

We raised £23.1m through a Placing of shares to instutional investors

2012

October 2012

We signed a Heads of Terms Agreement with Providence Resources plc to acquire one of Providence Resources' subsidiary companies, PR Singleton Limited. The transaction will see IGas acquiring 100% of production licence PL240 and 50% of PEDL 233 Baxter's Copse

2011

December 2011

We finalised the acquisition of Star Energy

July 2011

Construction begins at Doe Green 3

January 2011

We signed an agreement with Nexen Petroleum UK Limited to acquire Nexen Exploration UK limited, making our Group the operator and sole owner of all our licences

January 2011

We raised £20.6m through a Placing of shares to institutional investors

2010

June 2010

Commencement of drilling at Keele University

2009

December 2009

We raised £13.75m through a Placing

August 2009

We increased equity ownership of acreage in Swallowcroft through a farm up agreement with Nexen from 20 percent to 35 percent

July 2009

We raised £3.5m through a Placing

June 2009

We started commercial sales of electricity generated from CBM

May 2009

We generated first electricity from CBM in the UK with development plan for a second field approved

January 2009

We received approval for a field development plan for our Doe Green site

2008

November 2008

Equipoise Solutions assessed land awarded in the 13th Licensing Round, 74% increase in Gas Initially In Place 

September 2008

Our framework agreement with Peel Environment Ltd gave us access to coal bed methane production sites within Peel's land holdings in the North West

June 2008

We raised £2.1m through a Placing

May 2008

We were awarded PEDL 193, PEDL 184 and PEDL 190 by the secretary of state in the 13th onshore Licensing Round

2007

December 2007

We listed on the AIM section of the London Stock Exchange

2003

July 2003

We were set up to produce and market domestically-sourced gas, primarily using coal bed methane (CBM), and were incorporated in the UK