Independent Oil and Gas plc ('IOG' or 'the Company'), (AIM: IOG.L), the development and production company focused on becoming a substantial UK gas producer, is pleased to announce that all resolutions put to shareholders at the Company's Annual General Meeting ('AGM') held today, were duly passed.

Due to government Covid-19 restrictions, shareholders had been asked to submit their proxy votes beforehand and votes were received representing approximately 69.5% of the Company's issued shares in this way.

As announced on 23 April 2020, as part of the resolutions, the Company obtained authority (in resolution 7) to issue ordinary shares for cash on a non-pre-emptive basis up to 20 per cent of the Company's current issued share capital. The Board has listened to shareholder feedback and committed that this authority would only be used, if at all, up to an aggregate number of ordinary shares equivalent to 10 per cent of the Company's current issued share capital.

Contact:

Tel: +44 (0) 20 7036 1400

About IOG

IOG owns and operates a 50% stake in substantial low risk, high value gas reserves in the UK Southern North Sea. The Company's Core Project targets a gross 2P peak production rate of 140 MMcfe/d (c. 24,000 Boe/d) from gross 2P gas Reserves of 302 Bcfe-1 + 2C gas Contingent Resources of 108 Bcfe-2, via an efficient hub strategy. In addition to the independently verified 2P reserves at Blythe, Elgood, Southwark, Nailsworth and Elland and 2C Contingent Resources at Goddard, IOG also has independently verified best estimate gross unrisked prospective gas resources of 73 Bcfe-2 at Goddard. Alongside this IOG has management estimated mid-case recoverable gas volumes of 40 Bcfe and 100 Bcfe at the Harvey and Redwell licences and continues to pursue value accretive acquisitions to generate significant shareholder returns.

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