Company Moves News Oil & Gas

IGas appoints new CEO and chairman

IGas Energy plc has appointed Chris Hopkinson as chief executive officer and Philip Jackson as non-executive chairman, effectively immediately. Mr Hopkinson joined the company in January 2022 and has been interim CEO since September of the same year. Mr Jackson has been a non-executive director of IGas since 2017, when he was appointed by Kerogen […]

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IGas awards 106,000 share options to CFO

IGas Energy plc has awarded chief financial officer Frances Ward 106,406 nil cost options over ordinary shares each of 0.002 pence per share in part lieu of an annual bonus. ALIGNMENT The award, under the company’s 2015 management retention plan, is to align better the interests of directors, persons discharging managerial responsibilities and other key […]

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IGas approved for new oil site near Glentworth

IGas Energy plc has received permission for an initial oil appraisal well followed by up to six horizontal development wells at its new site near Glentworth, Lincolnshire. PHASE I The county council approved the plans, submitted at the end of 2022, for phase I and phase II of operations. IGas’ proposals faced opposition from the […]

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IGas Energy seeks near-term projects

IGas Energy plc aims to seek near-term profitable production projects and has abandoned plans to take legal action against the Government following last year’s reimposed moratorium on hydraulic fracturing. SHALE GAS The company said its portfolio of shale licences totalled 292,100 net acres with estimated mean volumes of undiscovered GIIP of 93 tcf. In its […]

Company Moves News Oil & Gas

IGas appoints Doug Fleming as independent NED

IGas Energy plc has appointed Doug Fleming to the board as an independent non-executive director and a member of the audit committee with immediate effect. Mr Fleming’s senior expertise draws on 27 years’ working in exploration and production, corporate banking and venture capital. In 2014, he was part of the team that founded Siccar Point Energy […]