Independent Oil & Gas settles bond funding, looks forward to Harvey well analysis
The North Sea firm is on-track to fund its core North Sea gas hubs development.
Company
IOG PLC
LON:IOG
The Net Zero UK gas and infrastructure operator focused on high return projects.
257 stories · page 2 of 13
Independent Oil & Gas bond issue paves the way for next stage of growth
“IOG is now achieving significant new milestones on a regular basis as its core project continues to gain momentum," says Peel Hunt
IOG inks deal for Harvey appraisal drill programme
It is set for a summer drill programme, meanwhile, a farm-out partnering process is continuing.
Independent Oil & Gas take share options in lieu of pay
In all, Independent has issued options over 628,496 shares that can be exercised at 1p
IOG expects to reach project funding decision in coming months
"Looking forward, two key catalysts to value growth should come to fruition in 2019,” said Andrew Hockey, IOG chief executive
Independent Oil & Gas asks investors to play the long game as it raises £16.6mln
IOG is selling new equity at 10p per share a month after telling investors a 20p per share cash takeover offer “materially undervalued the company”
IOG raises £16.6mln to fund drilling at Harvey project
Amid takeover murmurings, IOG has raised £16.6mln to pay for a well that will be drilled in the coming months
Independent and small-cap oilers drive growth in the UK North Sea
The rise of these independent firms comes as the region has been progressively weaned off its dependency on multinational majors like BP and Shell
Archive
Proactive weekly oil and gas highlights: 88 Energy, United Oil & Gas, Sound Energy, Victoria Oil & Gas ...
Well updates and takeover talk provided some of the week's biggest stories.
Independent Oil & Gas jump as RockRose puts North Sea firm in takeover crosshairs
At 20p per share the offer was pitched at a 51% premium at the time.
Archive
Proactive Oil & Gas weekly oil & gas highlights: Ophir Energy, Faroe Petroleum, Amerisur Resources ...
For a short trading week, it was fairly busy for investors in small cap oil and gas.
IOG aims to reassure over loan facility
“The company is monitoring the situation with regard to LCF and LOG carefully and continues to progress its current forward funding plans”
IOG plummets as North Sea project financing is delayed
"Unstable" equity markets are a challenge to IOG's funding plans
IOG approaching final investment decision in North Sea, shares slide
As IOG looks advances financing efforts and works towards a final investment decision for its Southern North Sea Gas project the AIM-quoted shares moved lower
IOG looks forward to Harvey well as it closes US$15mln funding deal
Andrew Hockey, IOG chief executive, described the closing of the loan facility as an important step forward and said the Harvey well is an “exciting near-term value catalyst”