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Competent Persons Report
Competent Persons Report.
About this update from Star Energy Group Plc
[{"type":"text","content":"\n \nRNS Number : 5457C Igas Energy PLC 11 February 2020 \n\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.\n11 February 2020\nIGas Energy plc (AIM: IGAS)\n(\"IGas\" or \"the Company\")\n \nCompetent Persons Report\n \nIGas is pleased to announce the publication today of the full Competent Persons Report (\"CPR\") of its conventional oil and gas interests, as at 31 December 2019, as highlighted in its Trading Update released on 6 February 2020.\nThe CPR was completed by DeGolyer & MacNaughton (\"D&M\"), a leading international reserves and resources auditor.\nKey highlights:\n· IGas net reserves and resources* (MMboe):\n\n\n\n\n \n\n\n1P\n\n\n2P\n\n\n2C\n\n\n\n\nAs at 31 Dec 2018\n\n\n9.78\n\n\n14.56\n\n\n19.20\n\n\n\n\nAs at 31 Dec 2019\n\n\n10.55\n\n\n16.05\n\n\n19.60\n\n\n\n\n \n· Significant 2P reserves replacement ~277% (1P ~192%)\n· 2P NPV10 of $183 million*\n*based on forward oil curve of 2020 $61.78/bbl; 2021 $58.39/bbl; 2022 $56.97/bbl; 2023 $56.54/bbl; 2024 $57.67/bbl\nThe full report can be found at https://www.igasplc.com/investors/publications-and-reports \n \nRoss Pearson, Technical Director of IGas Energy plc, and a qualified person as defined in the Guidance Note for Mining, Oil and Gas Companies, March 2006, of the London Stock Exchange, has reviewed and approved the technical information contained in this announcement. Mr Pearson has 19 years oil and gas exploration and production experience.\n \nFor further information please contact:\nIGas Energy plc Tel: +44 (0)20 7993 9899\nStephen Bowler, Chief Executive Officer\nJulian Tedder, Chief Financial Officer\nAnn-marie Wilkinson, Director of Corporate Affairs\n \nInvestec Bank plc (NOMAD and Joint Corporate Broker) Tel: +44 (0)20 7597 5970\nSara Hale/Jeremy Ellis/Neil Coleman\n \nBMO Capital Markets (Joint Corporate Broker) Tel: +44 (0)20 7653 4000\nTom Rider/Neil Elliot/Jeremy Low/Tom Hughes\n \nCanaccord Genuity (Joint Corporate Broker) Tel: +44 (0)20 7523 8000\nHenry Fitzgerald-O'Connor/James Asensio\n \nVigo Communications Tel: +44 (0)20 7390 0230\nPatrick d'Ancona/Chris McMahon \n \n \n\nThis information is provided by RNS, the ...