9th Dec 2020 19:37
Independent Oil & Gas PLC - UK gas company targeting high returns - Has been conducting programme of 3D seismic reprocessing to pre-stack depth migration over its UK Southern North Sea portfolio, covering an area of 1200 square kilometres.
Initial results show that P2085 Harvey has a recoverable gas resource in the range of 12 to 35 billion cubic feet, while P2441 Redwell is expected to have a most likely recoverable gas resource of 36 billion cubic feet.
In addition, company has received from the Oil & Gas Authority and accepted a formal offer of licence P2589, which includes the Panther and Grafton gas discoveries.
Current stock price: 13.00 pence
Year-to-date change: down 17%
By Dayo Laniyan; [email protected]
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