Notice of AGM 15 April 2019
Following the announcement on 4 April 2019 of its results for the Year Ended 31 December 2018, Independent Oil and Gas plc ('IOG
' or the 'Company
') (AIM: IOG.L), the development and production company focused on becoming a substantial UK gas producer, hereby gives notice of its Annual General Meeting.
Notice of AGM
Notice is hereby given that the Annual General Meeting of Independent Oil and Gas plc will be held at the offices of Shakespeare Martineau LLP, 6th Floor, 60 Gracechurch Street, London EC3V 0HR on 8 May 2019 at 10.00am. The Company posted its 2018 Annual report and Accounts and the notice of the Company's Annual General Meeting to its shareholders on 10 April 2019.
Certain information communicated in this announcement was, prior to its publication, inside information for the purposes of Article 7 of Regulation 596/2014.
About Independent Oil and Gas:
Independent Oil & Gas PLC
Andrew Hockey (CEO)
James Chance (CFO)
Rupert Newall (Head of Corporate Finance)
+44 (0) 20 3879 0510
finnCap Ltd (Nominated Adviser)
Christopher Raggett, Simon Hicks (Corporate Finance)
Camille Gochez (Corporate Broking)
+44 (0) 20 7220 0500
+44 (0) 20 7390 0230
IOG owns substantial low risk, high value gas reserves in the UK Southern North Sea. The Company is targeting a 2P peak production rate of 146 MMCF/d (c. 25,000 Boe/d) from its substantial Core Project (2P gas Reserves of 302 BCF¹ + 2C gas Contingent Resources of 108 BCF²) via an efficient hub strategy. In addition to the independently verified 2P reserves at Blythe, Elgood, Southwark, Nailsworth and Elland and 2C Contingent Resources at Goddard, IOG also has independently verified best estimate unrisked prospective gas resources of 202 BCF²,³ in Harvey and Goddard. Alongside this IOG continues to pursue value accretive acquisitions to generate significant shareholder returns. All IOG's licences and the Thames Pipeline are owned 100% and operated by IOG.
¹ERC Equipoise Competent Persons Report: October 2017, adjusted by Management to account for updated project timing and compression
²ERC Equipoise Competent Persons Report: October 2018
³Updated management estimates based on interpretation and mapping of 3D seismic data reprocessed to Pre-Stack Depth Migration (PSDM) in 2018, subsequent to ERC Equipoise's 2017 Competent Persons Report