– UK, London – Independent Oil and Gas Plc (LON: IOG), the development and production company focused on becoming a substantial UK gas producer, today confirmed the appointment of the CFO Rupert Newall to the board of directors of the Company.
IOG owns and operates a 50% stake in substantial low risk, high-value gas reserves in the UK Southern North Sea. The Company’s Core Project targets a gross 2P peak production rate of 146 MMCF/d from gross 2P gas Reserves of 302 BCF + 2C gas Contingent Resources of 108 BCF, 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 gross unrisked prospective gas resources of 73 BCF at Goddard and is in the process of updating its management estimate of gas resources at Harvey. Alongside this IOG continues to pursue value accretive acquisitions to generate significant shareholder returns.
For more information: https://www.iog.co.uk
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