IOG launches hunt for North Sea assets
Independent Oil and Gas (IOG) has launched a campaign to snap up producing North Sea assets.
Independent Oil and Gas
IOG employees forfeit salaries for shares after firm buys North Sea stake
Independent Oil and Gas (IOG) employees have accepted terms, which will see them forfeit their salaries for shares.
IOG shares rocket after loan announcement
Shares in Independent Oil and Gas (IOG) are up nearly 23% today after the firm, which owns 50% of the Blythe gas field in the southern North Sea and 50% of the Skipper licence south east of the Shetlands, said it had conditionally agreed a £10million loan.
IOG agrees £10million loan deal with London
Independent Oil & Gas has agreed on a £10million loan deal with London Oil & Gas.
OGA extends IOG’s North Skipper licence as firm battles oil price
The Oil and Gas Authority has extended Independent Oil and Gas’ Skipper licence until the end of the year.
Independent Oil & Gas shares plunge 36% on news of delayed well
Independent Oil & Gas (IOG) had £2.4million wiped off its stock market value yesterday after the company postponed the drilling of a North Sea appraisal well. IOG had planned to drill the Skipper appraisal well before the end of March. But yesterday the firm said bad weather conditions and low crude prices had convinced it to wait until later in the year.
Oil price instability forces IOG to delay North Sea campaign
Independent Oil and Gas (IOG) today confirmed oil skimming the $30 mark has forced it to delay drilling the appraisal well for its North Sea Skipper licence.
Independent Oil and Gas completes acquisition of North Sea Skipper
Independent Oil and Gas (IOG) converted its bid for the North Sea's Skipper licence to 100% ownership.
Independent Oil and Gas secures final funding for North Sea’s Skipper well
Independent Oil and Gas (IOG)secured the final £4.75million needed for its North Sea Skipper well.
Shares in Independent Oil and Gas soar following latest debt restructuring
A North Sea-focused energy company saw its shares skyrocket yesterday after revealing its debt to a specialist lender had been wiped out. AIM-listed Independent Oil and Gas (IOG) owed Darwin Strategic £245,780, but the lender has agreed to convert the outstanding debt into 6.5million shares at a price of 3.7p each. The new shares are expected to be admitted to trading on the AIM market on Monday.
Independent Oil and Gas ropes in financing, closes in on North Sea well
Independent Oil and Gas (IOG) has pulled a number of financial levers to secure £7million for its Skipper licence.
OGA gives IOG more time as it looks to gather funds for North Sea exploration
The Oil and Gas Authority (OGA) has extended Independent Oil and Gas’ (IOG) North Sea licences as the firm looks to find more cash.
IOG extends deadline for Skipper acquisition
Independent Oil and Gas has extended the deadline for its acquisition of 50% of the Skipper field discovery in the North Sea after its plans to secure a high-value backer unexpectedly fell through.
Independent delays £7.1million equity subscription
Independent Oil and Gas, the North Sea focused oil and gas company, is to delay its equity transactions by several weeks.
IOG launches funding drive for North Sea exploration
Independent Oil and Gas (IOG) is in talks to secure funding for its North Sea exploration.
Independent Oil and Gas spikes share price with talks
A North Sea-focused energy company saw its share price spike yesterday after revealing it had raised enough money in a share placement to meet a loan repayment in September. The share price of Independent Oil and Gas (IOG) rose 14% yesterday as it confirmed it was still in talks with an “internationally listed group, with a multi-billion dollar market capitalisation” for a longer-term funding solution. The AIM-listed firm said the £145,000 raised through the share placement made it “adequately funded” until September 4 – the deadline for a final repayment of £358,155 to specialist lender, Darwin Strategic.