Independent Oil & Gas losses widen as it progresses with core project
4th Apr 2019 14:38
(Sharecast News) - Pre-revenue development and production-focussed company Independent Oil and Gas reported a post-tax loss of £5.64m in its final results on Thursday, widening from £2.75m year-on-year.
Read moreIndependent Oil & Gas progresses in hunt for project partner
25th Feb 2019 10:30
(Sharecast News) - Independent Oil and Gas updated on the funding and progress of its two-phase Southern North Sea (SNS) core project on Monday, reporting that its focus remained on reaching a final investment decision (FID) at the earliest feasible time on the project.
Read moreIndependent Oil & Gas expands core project in Southern North Sea
8th Jan 2019 15:26
(Sharecast News) - Independent Oil and Gas updated the market on its core development project in the UK Southern North Sea (SNS) on Tuesday, reporting that the two-phase project had been expanded to include the 108 BCF of 2C contingent resources assigned to the Goddard discovery by ERC Equipoise.
Read moreIndependent Oil & Gas clarifies position as FCA investigates LCF
4th Jan 2019 08:37
(Sharecast News) - Development and production company Independent Oil and Gas updated the market on its relationship with London Capital and Finance (LCF) on Friday, after the Financial Conduct Authority (FCA) launched an investigation into LCF.
Read moreIndependent Oil and Gas gets funding ahead of Harvey spudding
17th Aug 2018 10:20
(Sharecast News) - Independent Oil and Gas announced the proposed funding of its 100% owned-and-operated Harvey appraisal well on Friday, as well as updates on its preparations for spudding the well in the fourth quarter.
Read moreIndependent Oil & Gas acquiring disused North Sea pipeline
16th Jan 2017 13:01
(ShareCast News) - Development and production-focused oil and gas company Independent Oil and Gas announced on Monday it has signed a memorandum of understanding regarding the 100% acquisition of a currently disused pipeline in the Southern North Sea, for a nominal consideration. The AIM-traded firm
Read moreIndependent Oil & Gas submits plan for Blythe Field
12th Dec 2016 14:25
(ShareCast News) - Development and production-focused oil and gas company Independent Oil and Gas confirmed the submission of the Blythe Field Development Plan in draft format to the Oil and Gas Authority on Monday. The AIM-traded firm said the Blythe gas field, which is 100% owned-and-operated by I
Read moreIndependent Oil & Gas buys licences in Southern North Sea for £5m
28th Oct 2016 10:58
(ShareCast News) - AIM-listed Independent Oil & Gas has bought the shares of Oyster Petroleum, a subsidiary of Vereus Petroleum, which holds licences in the Southern North Sea for about £5m. The licences, which contain the Vulcan East, Vulcan North West and Vulcan South fields, collectively known as
Read moreIndependent Oil and Gas founder steps down
31st Aug 2016 14:16
(ShareCast News) - Michael Jordan, one of the founders of Independent Oil and Gas, announced he would step down from the Board with immediate effect. Jordan, a non-UK resident was leaving for personal reasons, the UK based Development & Production outfit said in a statement. Indepedent Oil&Gas, whi
Read moreIndependent Oil & Gas's first appraisal well at Skipper comes up dry
19th Aug 2016 08:46
(ShareCast News) - Independent Oil and Gas first operated appraisal well on its Skipper discovery failed to encounter hydrocarbons but confirmed the commerciality of the field, according to the company's directors. Skipper lay in Block 9/21a in license P1609 in the Norther Sea. The well was drilled
Read moreIOG gains tighter North Sea grip with Vulcan acquisition
13th Jun 2016 08:27
(ShareCast News) - Independent Oil and Gas (IOG) has tightened its grip on the Vulcan oil fields in the North Sea with an acquisition of up to £5m for four UK licences. AIM-listed IOG has acquired Oyster Petroleum, which on completion will own the four 'Vulcan Satellite' licences in the southern Nor
Read moreIndependent Oil & Gas buys full control of Blythe gas find
19th Apr 2016 09:56
(ShareCast News) - Independent Oil & Gas has agreed to acquire the remaining 50% of the North Sea blocks that contain the Blythe gas discovery for an initial £1.5m that should rise by a further $5m when first gas is produced. The purchase will make IOG the 100% owner and operator of Blocks 48/22b an
Read moreIndependent Oil & Gas crashes on well postponement
13th Jan 2016 09:42
(ShareCast News) - Independent Oil & Gas shares crashed after the company said it was delaying the Skipper appraisal well in the North Sea "until there is greater stability and clarity in the oil market". The AIM-listed company said it made the decision following the oil price's continued tumble
Read moreIndependent Oil & Gas signs rig contract with Transocean
14th Dec 2015 09:58
(ShareCast News) - North Sea-focused Independent Oil & Gas has signed a rig contract with Transocean Drilling UK to procure the Transocean John Shaw semi-submersible rig to drill the company's well on the Skipper oil discovery in the Northern North Sea. The AIM-listed company said it expects the rig
Read moreIndependent Oil & Gas signs well management contract
10th Dec 2015 15:12
(ShareCast News) - Shares in exploration tiddler Independent Oil and Gas gushed higher as it signed off on a deal to drill its Skipper well in the North Sea. AIM-listed IOG, which earlier in the week secured funds for the drilling, confirmed it had finalised a contract with AGR Well Management for t
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