IGas reveals impact of Covid-19
IGas blamed the Covid-19 outbreak and a low oil price for falls in production and revenue, along with a rise in debt, in the first half of the year.
IGas acquires geothermal firm
Redundant oil and gas wells could be used for geothermal energy, the would-be fracking company, IGas, said in an announcement this morning.
Losses mount at IGas
IGas declared a pre-tax loss of £59.1m for 2019 in its group annual results published today. This was up from £25.1m in 2018.
Redundancies at IGas in £1m cost cutting
IGas has announced redundancies, including the chief finance officer, in a £1m cost-cutting programme.
IGas back in profit predicts 2018 will be “a defining year”
IGas declared a profit of £15.5m in 2017, after two previous years of loss.
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.
IGas warning in half-year accounts
The shale company IGas has raised questions about its ability to operate as a going concern.
Updated: More reaction to Kirby Misperton fracking approval
On Monday evening, North Yorkshire County Council’s planning committee voted by seven to four in favour of an application by Third Energy to frack its existing well at Kirby Misperton in Ryedale. We reported on the immediate reaction from supporters and opponents of the proposal. This round-up has […]
IGas won’t pay Upton eviction costs and calls time on Lesters Lane
Letters seen by the Chester Standard suggest that IGas will not pay the £200,000 policing bill for the eviction of an anti-fracking camp from its coal bed methane site at Upton. In separate correspondence with a Cheshire MP the company’s chief executive, Stephen Bowler, has confirmed there are no […]
IGas declares £19.3m loss but looks for more fracking sites
IGas declared a loss of £19.3m for the six months to the end of September, according to results published today. The figure compares with a loss of £3.8m for the same period a year ago.
