31st Dec 2021 08:25
IOG PLC - London-based gas and infrastructure operator with projects focused in the North Sea - Spuds its Southwark development well. The spudding followed technical issues and subsequent repairs of IOG's remotely operated vehicles which had originally delayed progress. IOG said it was an important step in its phase one drilling campaign. First gas is now expected at Southwark in mid-2022 after the installation of a 6 kilometre Saturn Banks pipeline extension in the first quarter of 2022.
Current stock price: 36.50 pence, up 2.8% on Friday.
Year-to-date change: more than doubled from 13.20p
By Heather Rydings; [email protected]
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