Fracking Week in Parliament: 13-17 March 2017
In this Fracking Week in Parliament: Bonds for fracking sites Fracking and climate change in Scotland
IGas announces $35m investment and restructuring plan
The private equity company, Kerogen Capital, is proposing to invest US$35m in IGas, it was announced this morning. The deal depends on a restructuring of IGas’s bonds and may require approval from the Takeover Panel.
Investors watch share movements as IGas avoids covenants breach
IGas investors were watching share price movements this morning after news that the company would not breach its daily liquidity obligations this year.
IGas in talks with bondholder Trans European Oil & Gas and new investors
IGas confirmed this morning it was having discussions with Trans European Oil & Gas, thought to be a leading holder of its secured debt.
Council calls for mandatory fracking clean-up fund
The shale gas industry should be required to establish a fund for the clean-up of any contamination from fracking, councillors in North Yorkshire have said.
DRILL OR DROP? 