Igas Energy PLC Ellesmere Port Planning Committee Decision (9833C)
26 January 2018 - 5:00AM
UK Regulatory
TIDMIGAS
RNS Number : 9833C
Igas Energy PLC
25 January 2018
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.
25 January 2018
IGas Energy plc (AIM: IGAS)
("IGas" or the "Company")
Ellesmere Port Planning Committee Decision
IGas Energy plc, a leading UK onshore oil and gas explorer and
producer, is disappointed that the Chester West and Chester
Council's Planning and Licensing Committee has not granted planning
consent for routine tests on a rock formation encountered in the
Ellesmere Port-1 well, drilled in late 2014.
Stephen Bowler, CEO of IGas, said:
"We are very disappointed by the Committee decision that goes
against the recommendation of their Planning Officer and is an
application that accords with both national and local planning
policy as set out in our planning statement and has the necessary
environmental permits in place.
Our businesses have been operating exploration and production
sites in a safe and environmentally sensitive manner across Britain
for many years, engaging with communities and employing local
people and investing in the local supply chain.
We are at a critical juncture in the future of our energy mix
and supply, as we move away from coal towards lower carbon energy
sources. We are currently importing c. 50% of gas and that is set
to rise to nearly 80% by 2035.
We will now take time to consider our options including our
right to bring forward an appeal."
For further information please contact:
IGas Energy plc
Tel: +44 (0)20 7993 9899
Stephen Bowler, Chief Executive Officer
John Blaymires, Chief Operating Officer
Ann-marie Wilkinson, Director of Corporate Affairs
Investec Bank plc (NOMAD and Joint Corporate Broker)
Tel: +44 (0)20 7597 4000
Sara Hale/Jeremy Ellis/George Price
Canaccord Genuity (Joint Corporate Broker)
Tel: +44 (0)20 7523 8000
Henry Fitzgerald-O'Connor
Vigo Communications
Tel: +44 (0)20 7830 9700
Patrick d'Ancona/Chris McMahon
This information is provided by RNS
The company news service from the London Stock Exchange
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