IOG outlines North Sea oil and gas program

Independent Oil and Gas (IOG) has started trading on the UK’s AIM (Alternative Investment Market).

Offshore staff

LONDON – Independent Oil and Gas (IOG) has started trading on the UK’s AIM (Alternative Investment Market). It plans to use the £2 million ($3 million) in funds already raised as a result for exploration and development in the UK North Sea.

The company has threelicenses containing the Blythe, Skipper, and Skipper West discoveries/prospects, with a fourth license award pending for Blythe East.

Its near-term priorities include submitting a field development plan for the Blythe gas field in the southernNorth Sea; preparations for an appraisal well next year on the heavy-oil Skipper field southeast of Shetland; and further studies on Skipper West.

9/30/2013

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