Company Announcements

Reserves Based Lending Redetermination Completed

Source: RNS
RNS Number : 5010P
Igas Energy PLC
10 February 2023



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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