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 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.
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.
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:
- Egdon Resources PLC
- Union Jack Oil PLC
- Reabold Resources PLC
- Upland Resources Ltd.
- Europa Oil & Gas (Holdings) PLC
- UK Oil & Gas PLC
- Wressle Energy Ltd.
- 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.
