IOG appoints administrators to evaluate financial position
11th Oct 2023 13:15
(Alliance News) - IOG PLC on Wednesday said it has appointed joint administrators, which are now evaluating the company's position. Read More
(Alliance News) - IOG PLC on Wednesday said it has appointed joint administrators, which are now evaluating the company's position. Read More
(Alliance News) - IOG PLC shares were suspended from trading on AIM on Thursday, after it said it will be placed into administration. Read More
(Alliance News) - Stock prices in London were lower at midday Wednesday as investors eyed a key US inflation reading later in the day, ahead of the Federal Reserve's interest rate decision next week. Read More
(Alliance News) - IOG PLC on Wednesday said operating efficiency for the Blythe H2 well in the UK North Sea was up in August compared to the year-to-date, but still expressed concerns about its financial position and that the gas rate fell over the month. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday. Read More
IOG PLC - London-based, UK-focused gas developer and producer - Confirms that bondholders controlling 70% of the voting bonds, or 100% of the votes cast, have now voted in favour of the bond waiver agreement announced on Wednesday. This now means that the waiver has been formally approved, IOG says. Read More
(Alliance News) - IOG PLC on Wednesday said it has proposed waiving its EUR100 million senior secured bond to bondholders. Read More
(Alliance News) - IOG PLC on Monday said it is discussing a potential further waiver on interest payments with its bondholders, and risks being put into administration if talks fail. Read More
(Alliance News) - IOG PLC on Wednesday said it has "significantly" improved its operating performance in the first half of 2023, delivering 93% operating efficiency and a cost reduction programme. Read More
IOG PLC - UK-focused offshore gas developer - Cancels contract for the Shelf Drilling Perseverance rig to maximise near-term cash flow". This comes as it completes the Blythe H2 well wireline intervention, which now flows at a maximum stabilised rate of around 42 million standard cubic feet per day. Says this is slightly above its 30 million to 40 million guidance. Notes production is now initially set at 20 million feet per day. The H2 well is in the southern North Sea and is being drilled by the Perseverance rig under IOG's contract with Shelf Drilling Ltd, signed in 2020. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday. Read More
(Alliance News) - Stock prices in London opened slightly lower on Monday morning, with risk sentiment dented follow an aborted mutiny in Russia at the weekend, which has stoked concerns about stability in the nuclear-armed country. Read More
IOG PLC - UK-focused offshore gas developer - Says holders have formally approved proposed short-term bond amendments regarding its EUR100 million senior secured bonds. Notes move will help stabilise business and deliver value. Read More
(Alliance News) - IOG PLC on Friday said it remains in constructive dialogue with a group of investors regarding its EUR100 million senior secured bond. Read More
(Alliance News) - London's large-cap and mid-cap indices had slipped into the red by midday on Tuesday, having started the day positively, as a risk-off mood crept into markets ahead of the release of key US inflation data at 1330 BST. Read More
(Alliance News) - IOG PLC on Tuesday finally confirmed first gas at its Blythe H2 well in the North Sea, after a suspected mechanical blockage and well control event caused delays in bringing the project onstream. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday. Read More
(Alliance News) - Stock prices in London were mostly lower at midday on Wednesday, though large-cap indices eked out a gain, as investors looked ahead to a busy two weeks for central bank rate decisions. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday. Read More
(Alliance News) - IOG PLC on Wednesday reported a constrained maximum gas rate at the Blythe H2 well in the North Sea. Read More