View
Page
VSA's note from this morning: "Independent Oil & Gas FY 2015 results showed a total profit for the year of £5.3m (vs a loss of £12.1m in 2014) largely due to the reversal of impairment provisions. Its cash position was £23k at the end of the period. Further Funding Completed Since Year End Following the completion of the £5.5m funding from London Oil & Gas and GE Oil & Gas UK in December 2015, IOG secured an additional £10m convertible loan facility from London Oil & Gas in March 2016. The proceeds from these loans will be used to drill the appraisal well on the Skipper discovery, provide funding for G&A costs and also allow IOG to pursue an acquisition strategy to add value to IOG’s existing portfolio." It's available on Research Tree
Latest from the Community...
Latest from the Community...
Latest from the Community...
