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
