- IGas Energy says that further to last week's announcement and press reports at the weekend, that as it seeks a capital structure appropriate for the business in the current operating environment it continues to discuss a range of options with a number of key stakeholders.

These include discussions with bondholder Trans European Oil & Gas (whose largest shareholder is understood to be KKR) who has proposed a sale of the company's conventional assets. The board will continue discussions with its key stakeholders concurrent with a number of strategic investors as it continues to assess options which will allow the Company's capital structure to be sustainable in the current oil price environment and enable the group to capitalise on value accretive opportunities.

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