IGas Energy plc announced production results for the six months ended June 30, 2018. Net production averaged c.2,300 boepd in first half of 2018.

The company provided production and capex guidance for the full year of 2018. The company now expecting average net production for the year to be c.2,200 - 2,300 boepd, impacted by results at Stockbridge, with operating expenditure anticipated to be on budget at $32.5/boe in 2018 (assuming an exchange rate of £1:$1.35). Given the improved oil price, the Company has increased its commitment to further capital expenditure and now expects net cash capex for 2018 to be £11.0 million, of which £8.5 million will be on producing assets and £2.5 million will be on shale assets.