IOG completes takeover of Southern North Sea assets
Independent Oil and Gas (IOG) said it has completed the acquisition of 100% of the shares of Oyster Petroleum Limited.
IOG
IOG boosts Skipper estimates, warns commerciality decision could take months
Independent Oil and Gas (IOG) said determining commerciality of the Skipper well may take several months after initial results from the North Sea asset.
IOG non-exec director steps down from board
Independent Oil and Gas (IOG) said one of its founders has resigned from the company's board.
IOG’s North Sea appraisal well exceeds expectations
Independent Oil and Gas (IOG) has completed its first operated appraisal well on the North Sea's Skipper discovery.
IOG sets date for Skipper well, hails support from North Sea community
Independent Oil and Gas (IOG) has set a date to drill its Skipper appraisal well.
IOG completes acquisition of North Sea’s Blythe discovery
Independent Oil and Gas (IOG) has completed its acquisition of the Southern North Sea's Blythe discovery.
IOG to acquire North Sea assets with acquisition of Oyster Petroleum
Independent Oil and Gas (IOG) has signed a sale and purchase agreement with Verus Petroleum to acquire 100% of the shares of Oyster Petroleum.
IOG says North Sea still profitable as it posts £5.3million profit for 2015
Independent Oil & Gas made a profit in 2015 and said it believes it can continue to make money in the North Sea with a lower oil price.
IOG launches hunt for North Sea assets
Independent Oil and Gas (IOG) has launched a campaign to snap up producing North Sea assets.
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 eyes “low risk” North Sea assets
Independent oil and Gas (IOG) said it has completed £13.55million financing transactions with London oil & Gas.
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.
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.
IOG nabs OGA extension for North Sea portfolio
The Oil and Gas Authority (OGA) has granted Independent Oil and Gas (IOG) a round of extensions for the the firm's Southern North Sea portfolio.
IOG approved as Skipper licence operator
Independent Oil and Gas has been approved by the Oil and Gas Authority as exploration operator of the Skipper licence.
IOG signs “breakthrough” deal with Transocean for North Sea’s Skipper
Independent Oil and Gas (IOG) has signed a "breakthrough" deal with Transocean for its North Sea Skipper prospect.
IOG agrees additional loan for North Sea assets
Independent Oil and Gas has agreed an additional £800,000 loan from London Oil & Gas, adding to the £2.75million it has already provided to fund the Skipper appraisal well.
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.
IOG pressing ahead with North Sea skipper well, on track to become licensed operator
Independent Oil & Gas (IOG) said it was at the advance stages of planning on the Skipper well, which could see it become a licence operator in the UKCS. The company said it was continuing discussions with a “major” North Sea rig provider to use a semi-submersible drilling rig to drill the Skipper appraisal well. IOG estimated there could be 25% recoverable oil from the Skipper well.
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 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.