Our strategy
IGas has accumulated a significant hydrocarbon resource from 35 oil and gas exploration licences in the UK. The contingent reserves, totalling some 317 million barrels of oil and gas equivalent, represent a portfolio of development opportunities which the company intends to exploit over the medium term, delivering natural gas to the UK’s grid, oil to UK refiners and enhanced value to the company’s shareholders.
IGas takes an entrepreneurial and opportunistic approach to oil and gas development. Using the onshore expertise of the IGas team, the company will seek to enhance recovery from its portfolio of mature wells, creating avenues to improve cash flow which will be applied to further development of the company’s resource base while at the same time seeking opportunities to acquire new onshore oil and gas acreage.