Independent Oil & Gas - Re: IOG Stream Log - Just got this from Research...

Live Discuss Polls Ratings
View
Page
11:48 27/05/2016

Just got this from Research Tree... "Independent Oil & Gas (IOG)# has released its FY 2015 results with a total profit for the year of £5.3m (vs a loss of £12.1m in 2014) and a cash position of at the end of the period of £23k. This was better than our expectations due to a full reversal of the 2014 £6.2m impairment provisions against the Skipper field. Following the acquisition of the remaining 50% of the Skipper licence IOG now owns 100% of the licence and increased IOG’s independently verified 2C resources by 13.1mmbbl to 26.2mmbbl...."

Page