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.
IGas confirmed this morning it was having discussions with Trans European Oil & Gas, thought to be a leading holder of its secured debt.
IGas shares closed down more than 9% on the day after the company’s bondholders disagreed in votes over proposals to relax liquidity obligations.
Bumper list of 40+ events this week about fracking and onshore oil and gas, including: nationwide protests against investment in Third Energy by Barclays Bank, plus public meetings, consultation deadlines, film screenings and continuation of Upton eviction trial.
The shale company IGas has raised questions about its ability to operate as a going concern.