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IGAS Share Price

IGAS Energy PLC, like many companies in the oil and gas industry, faced a challenging business environment in recent years, with volatile oil and gas prices, regulatory hurdles, and public opposition to its activities. Despite these challenges, IGAS Energy continued to explore new opportunities to develop its assets and expand its operations while remaining committed to operating responsibly and sustainably.

In its 2020 annual report, IGAS Energy reported a decrease in revenue to £41.6 million compared to £54.3 million in 2019. The company attributed the decline to the impact of COVID-19 and lower oil and gas prices. However, the company also reported reduced operating costs and improved operating efficiency.

IGAS Share Price

IGas Energy PLC is a British oil and gas exploration and production company listed on the London Stock Exchange (LSE) under the ticker symbol IGAS. As of 2021, IGAS Energy had a market capitalisation of approximately £15 million. As of this post, IGAS Share Price is at 19.46 GBX.

IGAS Share Price

Brief Background of IGAS Share Price

IGas Energy PLC was founded in 2003 and is headquartered in London, United Kingdom. The company primarily explores and produces oil and gas reserves in the UK, focusing on onshore reserves.

Over the years, IGas Energy has grown through organic growth and acquisitions, expanding its operations across several regions in the UK. In 2011, the company acquired Star Energy Group, a leading UK onshore oil and gas company, for £30 million. This acquisition significantly expanded IGas Energy’s asset base and production capacity.

In 2013, IGas Energy became the first company to successfully extract shale gas from an onshore UK well, cementing its position as a significant player in the UK’s onshore oil and gas industry.

In recent years, IGas Energy has faced several challenges, including a drop in oil and gas prices, which affected its revenue and profitability. The company has also had to navigate the regulatory hurdles and public opposition to its activities, particularly about fracking.

Despite these challenges, IGas Energy continues to explore new opportunities to develop its assets and expand its operations while remaining committed to operating responsibly and sustainably.

Advantages of Investing in IGAS Share Price

Strong presence in the UK: IGas Share Price is significant in the UK’s onshore oil and gas industry, with a diversified portfolio of assets across several regions. This provides the company with a solid foundation for future growth and development.

Experienced management team: IGas Energy’s management team has extensive experience in the oil and gas industry, which positions the company well to navigate the challenges and opportunities in the sector.

Focus on sustainability: IGas Energy is committed to operating responsibly and sustainably, which may appeal to investors who prioritise environmental, social, and governance (ESG) factors in their investment decisions.

Growth potential: Despite the challenges facing the oil and gas industry, IGas Share Price has demonstrated a track record of growth through organic growth and acquisitions. The company’s focus on exploring and developing new assets may provide opportunities for further growth.

Main Competitors of IGAS Share Price

IGAS Energy PLC operates in the UK’s onshore oil and gas industry, a competitive market with several players. Some of the main competitors of IGAS Energy PLC in the UK include:

  1. Egdon Resources PLC
  2. Union Jack Oil PLC
  3. Reabold Resources PLC
  4. Upland Resources Ltd.
  5. Europa Oil & Gas (Holdings) PLC
  6. UK Oil & Gas PLC
  7. Wressle Energy Ltd.
  8. Angus Energy PLC

These companies also explore, develop, and produce oil and gas reserves in the UK. However, it’s worth noting that the competitive landscape can change rapidly. New competitors may emerge, while some existing ones may exit the market or merge with other companies.

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Conclusion

In terms of its operations, IGAS Energy reported an increase in the production of hydrocarbons in 2020, with 1,256 barrels of oil equivalent per day (boepd) compared to 1,167 boepd in 2019. The company also continued to progress its exploration and development activities, including drilling new wells and acquiring new assets.

IGAS Energy PLC has demonstrated resilience and a commitment to sustainable growth in a challenging industry. However, its future performance will depend on various factors, including global economic conditions, oil and gas prices, regulatory developments, and the company’s ability to execute its strategic plans effectively.

FAQ

FAQ: IGAS Share Price

What is the historical performance of IGAS Energy PLC?

From its inception in 2003, IGAS Energy has grown through organic growth and acquisitions. A focus on exploration characterised the company's early years, and it made several significant discoveries of hydrocarbon reserves in the UK.

In 2011, IGAS Energy acquired Star Energy Group, a leading UK onshore oil and gas company, for £30 million. This acquisition significantly expanded the company's asset base and production capacity.

However, like many companies in the oil and gas industry, IGAS Energy has also faced challenges, including volatile oil and gas prices, regulatory hurdles, and public opposition to its activities. These factors have impacted the company's financial performance in recent years.

In its 2020 annual report, IGAS Energy reported a decrease in revenue to £41.6 million compared to £54.3 million in 2019. The company attributed the decline to the impact of COVID-19 and lower oil and gas prices. However, the company also reported reduced operating costs and improved operating efficiency.

Over the years, IGAS Energy has demonstrated resilience and adaptability, navigating the industry's challenges while exploring new opportunities for growth and development.

Does IGAS Energy PLC pay dividends to its stockholders?

IGAS Energy PLC has paid dividends to its stockholders in the past, but the company still needs to pay a dividend in 2020, citing the need to conserve cash due to the impact of COVID-19 and lower oil and gas prices.

Who are the target investors of IGAS Energy PLC?

The target investors of IGAS Energy PLC are those interested in investing in the oil and gas industry, particularly in the onshore sector in the UK.

This may include institutional investors, such as pension funds and investment managers, and individual investors seeking exposure to the energy sector.

IGAS Energy's focus on sustainable and responsible operations may also appeal to investors prioritising environmental, social, and governance (ESG) factors in their investment decisions.

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Simon Williams
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