IOG agrees Skipper well funding and defers contractor payments
7th Dec 2015 12:01
(ShareCast News) - Independent Oil & Gas reassured investors that it has secured of funding to drill its Skipper appraisal well by February at the latest. Having suffered from funding difficulties earlier this year as potential partners got the willies due to the oil price slump, the North Sea-focus
Read moreIndependent Oil & Gas shares plummet after funder backs out
10th Aug 2015 15:22
(ShareCast News) - Independent Oil & Gas shares took a hit after the company said an unknown backer pulled out of a $10m funding arrangement. At 1531 BST shares in the AIM listed stock were down by 46.1% to 6.33p. IOG had signed a letter of intent with the listed company for $10m equity investment
Read moreIndependent Oil & Gas set to short term funds in 'next few days'
20th Jul 2015 10:18
(ShareCast News) - Independent Oil and Gas is yet to receive funds from an undisclosed investor who acquired shares in the company in June, the oil and gas group said on Monday. In a short statement, the London-listed company said it has been assured it will receive the funds within the "next few da
Read moreIndependent Oil & Gas shares surge on funding update
8th Jul 2015 11:20
Shares in Independent Oil & Gas rose more than 20% after the energy company detailed its long term funding strategy. The company planned to split funding between equity and debt to bring main assets Skipper, Cronx, Elgood and Blythe into production. An equity component of £7.1m, equating to 29.99%
Read moreIndependent Oil & Gas investor fails to stump up placing cash
1st Jul 2015 13:02
North Sea focused oil and gas company Independent Oil and Gas (IOG) said it had not received the funds it raised from a new share issue last week. On 22 June, 2015, the AIM-listed company raised £145,000 from an unnamed third party to be paid on 30 June, however the cash has not been received. "The
Read moreTuesday broker round-up UPDATE
22nd Jul 2014 09:37
Abcam: N+1 Singer places both its target price (prev.: 346p) and its sell recommendation under review. Amiad Water Systems: Oriel lowers target price from 350p to 340p and retains a buy recommendation. Ashmore Group: Espirito Santo ups target price from 371p to 404p, while downgrading to neutral.
Read moreIndependent Oil and Gas buys UK licence
5th Mar 2014 16:09
Shares in Independent Oil and Gas (IOG) surged after the firm agreed to buy the entire holding of the UK licence block 48/22a from Swift Exploration for an initial consideration of 468,000 pounds. The block contains a gas discovery which the company intends to rename Cronx. An independent compete
Read moreIndependent Oil & Gas ahead on gas sales deal with BP
24th Feb 2014 14:18
Independent Oil and Gas attracted some buyers after it announced a gas sales agreement with BP Gas Marketing, a wholly owned subsidiary of oil giant BP, for its 50 per cent share of the gas produced from the forthcoming Blythe gas field development in the Southern North Sea. Independent expects Bl
Read moreIndependent Oil and Gas encouraged by ATP takeover
26th Nov 2013 14:43
Shares in Independent Oil and Gas (IOG) received a moderate boost as a buyer has emerged to take over its partner in two North Sea oil blocks. The AIM-listed company pointed to US court documents that confirmed Alpha Petroleum (UK) was the proposed buyer of ATP Oil and Gas UK, which owns the other
Read moreSmall caps round-up: Abcam, Rugby Estates, O Twelve...
15th Jul 2009 08:44
Abcam, a biosciences firm that markets antibodies online, said sales for the year have ended slightly ahead of its earlier expectations. Trading in the second half of the year has been strong and the exchange rate environment has been more favourable than was previously envisaged due to the continu
Read moreOil explorers round-up: Island Oil, Pantheon Resoruces, Oilex
5th Jun 2009 16:51
Island Oil and Gas has entered into early stage discussions with financial and oil and gas institutions regarding a sale of a stake in its Old Head of Kinsale and Schull gas field developments. Oil and gas exploration company Pantheon Resources has run into 'blockages and delays' in the testing of
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