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STAR ENERGY GROUP PLC

Capital/Financing Update Feb 10, 2023

7931_rns_2023-02-10_84c49937-0c4e-4d0c-b329-2ada766747c8.html

Capital/Financing Update

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National Storage Mechanism | Additional information

RNS Number : 5010P

Igas Energy PLC

10 February 2023

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

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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RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

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