Further to the announcement of 13th January 2014, IGas, one of the leading producers of onshore oil and gas in the UK, today announces the completion of the farm-out agreement with Total E&P UK Limited.

IGas will assume operatorship of the licences with immediate effect.

PEDL139 and PEDL140 are located in the Gainsborough Trough in Nottinghamshire and South Yorkshire. The Licences cover an area of 240Km2 and border PL178 and PEDL006 at Beckingham, an existing IGas producing field.

All of the necessary consents and approvals have now been received from DECC including IGas’s operatorship of the Licences.