Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Independent Oil & Gas PLC    IOG   GB00BF49WF64

INDEPENDENT OIL & GAS PLC (IOG)
My previous session
Most popular
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsTweets

Independent Oil & Gas : and Gas plc - Issue of New Shares and Director Shareholding 6 Dec 2018

share with twitter share with LinkedIn share with facebook
share via e-mail
0
12/07/2018 | 03:39pm CET

Independent Oil and Gas plc ('IOG' or the 'Company) (AIM: IOG.L), the development and production focused oil and gas company, has today issued a total of 162,114 ordinary shares ('New Ordinary Shares') in the capital of the Company.

On 5 December 2018, a notice was submitted by Mark Routh, the Chairman of the Company, to exercise 162,114 1p options over Ordinary Shares awarded to him, pursuant to a share option agreement dated 19 November 2014.

The Company has applied to the London Stock Exchange for admission of the New Ordinary Shares to trade on AIM ('Admission'). Admission is expected to occur on 12 December 2018. Following Admission there will be 126,868,156 Ordinary Shares in issue. Accordingly, this number may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure and Transparency Rules.

This exercise of options increases Mark Routh's holding in the Company from 7,236,956 Ordinary Shares, being 5.71% of the current number of shares in issue to 7,399,070 Ordinary Shares being 5.83% of the enlarged share capital of the Company.

Mark Routh has informed the Company that it his intention to hold this number of shares in IOG and will not sell down any shares in the Company to meet the personal tax liability that crystallises upon exercise of these options.

Certain information communicated in this announcement was, prior to its publication, inside information for the purposes of Article 7 of Regulation 596/2014.

Contact:

Andrew Hockey

Tel: +44 (0) 20 3879 0510

About Independent Oil and Gas

IOG owns substantial low risk, high value gas reserves in the UK Southern North Sea. The Company is targeting a 2P peak production rate of 114 MMCF/d (c. 20,000 Boe/d) from its substantial Core Project (2P gas Reserves of 302 BCF) via an efficient hub strategy. In addition to the independently verified 2P reserves, IOG now has independently verified 2C contingent gas resources of 108 BCF in Goddard and best estimate unrisked prospective gas resources of 202 BCF in Harvey and Goddard. Alongside this IOG continues to pursue value accretive acquisitions to generate significant shareholder returns. All IOG's licences and the Thames Pipeline are owned 100% and operated by IOG.

(C) 2018 Electronic News Publishing, source ENP Newswire

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on INDEPENDENT OIL & GAS PLC
12/07INDEPENDENT OIL & GAS : and Gas plc - Issue of New Shares and Director Sharehold..
AQ
12/04INDEPENDENT OIL & GAS : and Gas plc - Conversion of Salaries/Fees into Share Opt..
AQ
12/03INDEPENDENT OIL & GAS : 03 Dec 2018 Conversion of Salaries/Fees into Share Optio..
PU
12/01INDEPENDENT OIL & GAS : Shares Drop On Project Financing Delay
AQ
11/30INDEPENDENT OIL & GAS : and Gas plc - SNS Project and Harvey Update
AQ
11/29INDEPENDENT OIL & GAS : 29 Nov 2018 SNS Project and Harvey Update
PU
10/15INDEPENDENT OIL & GAS : 15 Oct 2018 Significant Contingent and Prospective Resou..
PU
10/08PROVIDENCE RESOURCES P L C : Board Update Appointment of Senior Independent Dire..
AQ
10/04INDEPENDENT OIL & GAS : and Gas plc - Issue of New Shares 2 October 2018
AQ
10/02INDEPENDENT OIL & GAS : 02 Oct 2018 Issue of New Shares 2 October 2018
PU
More news
Financials (GBP)
Sales 2018 -
EBIT 2018 -1,75 M
Net income 2018 -2,90 M
Debt 2018 17,4 M
Yield 2018 -
P/E ratio 2018 -
P/E ratio 2019
EV / Sales 2018 0
EV / Sales 2019 0
Capitalization 23,8 M
Chart INDEPENDENT OIL & GAS PLC
Duration : Period :
Independent Oil & Gas PLC Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends INDEPENDENT OIL & GAS PLC
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 5
Average target price 0,70  GBP
Spread / Average Target 272%
EPS Revisions
Managers
NameTitle
Andrew Raymond Hockey Chief Executive Officer & Director
Mark Christopher Routh Non-Executive Chairman
Mark Hughes Chief Operating Officer & Director
James Chance Chief Financial Officer
Doug Fenwick Technical Director
Sector and Competitors
1st jan.Capitalization (M$)
INDEPENDENT OIL & GAS PLC-2.60%30
CONOCOPHILLIPS20.08%75 878
CNOOC LTD14.26%73 145
EOG RESOURCES-3.98%60 084
OCCIDENTAL PETROLEUM CORPORATION-9.67%50 239
CANADIAN NATURAL RESOURCES LTD-20.24%32 423