Reserves Based Lending Redetermination Completed
Source: RNS
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
10 February 2023
IGas Energy plc (AIM: IGAS)
("IGas" or "the Company")
Reserves Based Lending (RBL) redetermination completed
IGas is pleased to confirm it has completed its scheduled six-monthly RBL facility redetermination process.
The redetermination exercise confirms $17.0 million (£14.0 million) of debt capacity. Net debt was $7.3 million (£6.1 million) as at 31 December 2022.
The next RBL redetermination is scheduled to take place in June 2023.
For further information please contact:
IGas Energy plc Tel: +44 (0)20 7993 9899
Ann-marie Wilkinson, Chief Communications Officer
Investec Bank plc (NOMAD and Joint Corporate Broker) Tel: +44 (0)20 7597 5970
Virginia Bull/Chris Sim
Canaccord Genuity (Joint Corporate Broker) Tel: +44 (0)20 7523 8000
Henry Fitzgerald-O'Connor/James Asensio
Vigo Consulting Tel: +44 (0)20 7390 0230
Patrick d'Ancona/Finlay Thomson/Kendall Hill
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