Operational Update - Tinker Lane Well

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.

27 November 2018

IGas Energy plc (AIM: IGAS)

("IGas" or "the Company")

Operational Update - Tinker Lane Well

IGas is pleased to announce the spud of the TL-1 exploration well at Tinker Lane in North Nottinghamshire.

The exploratory well is planned as a vertical multi-core well targeting a number of formations with the primary target being the Bowland Shale geological formation.

For further information please contact:

IGas Energy plc

Tel: +44 (0)20 7993 9899

Stephen Bowler, Chief Executive Officer

Julian Tedder, Chief Financial Officer

Ann-marie Wilkinson, Director of Corporate Affairs

Investec Bank plc (NOMAD and Joint Corporate Broker)

Tel: +44 (0)20 7597 5970

Sara Hale/Jeremy Ellis/Neil Coleman

Canaccord Genuity (Joint Corporate Broker)

Tel: +44 (0)20 7523 8000

Henry Fitzgerald-O'Connor

Vigo Communications

Tel: +44 (0)20 7830 9700

Patrick d'Ancona/Chris McMahon