11 Oct 2023 13:15
IOG appoints administrators to evaluate financial position
(Alliance News) - IOG PLC on Wednesday said it has appointed joint administrators, which are now evaluating the company's position.
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Don't have an account? Click here to register.28 Sep 2023 17:14
IOG shares suspended as places itself in administration
(Alliance News) - IOG PLC shares were suspended from trading on AIM on Thursday, after it said it will be placed into administration.
Read more13 Sep 2023 11:49
LONDON MARKET MIDDAY: Stocks down as investors wait for US inflation
(Alliance News) - Stock prices in London were lower at midday Wednesday as investors eyed a key US inflation reading later in the day, ahead of the Federal Reserve's interest rate decision next week.
Read more13 Sep 2023 11:18
IOG says Blythe H2 well efficiency up but gas rate down in August
(Alliance News) - IOG PLC on Wednesday said operating efficiency for the Blythe H2 well in the UK North Sea was up in August compared to the year-to-date, but still expressed concerns about its financial position and that the gas rate fell over the month.
Read more13 Sep 2023 10:52
AIM WINNERS & LOSERS: IOG down on "challenging" financial position
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.
Read more3 Aug 2023 16:31
IN BRIEF: IOG says bondholders vote in favour of bond waiver deal
IOG PLC - London-based, UK-focused gas developer and producer - Confirms that bondholders controlling 70% of the voting bonds, or 100% of the votes cast, have now voted in favour of the bond waiver agreement announced on Wednesday. This now means that the waiver has been formally approved, IOG says.
Read more2 Aug 2023 16:38
IOG proposes EUR100 million bond waiver to address balance sheet woes
(Alliance News) - IOG PLC on Wednesday said it has proposed waiving its EUR100 million senior secured bond to bondholders.
Read more31 Jul 2023 12:12
IOG shares plummet with second bond payment waiver on horizon
(Alliance News) - IOG PLC on Monday said it is discussing a potential further waiver on interest payments with its bondholders, and risks being put into administration if talks fail.
Read more12 Jul 2023 09:47
IOG was revenue hit by lower production rates and lower gas prices
(Alliance News) - IOG PLC on Wednesday said it has "significantly" improved its operating performance in the first half of 2023, delivering 93% operating efficiency and a cost reduction programme.
Read more26 Jun 2023 10:56
IN BRIEF: IOG shares soar amid North Sea contract cancellation
IOG PLC - UK-focused offshore gas developer - Cancels contract for the Shelf Drilling Perseverance rig to maximise near-term cash flow". This comes as it completes the Blythe H2 well wireline intervention, which now flows at a maximum stabilised rate of around 42 million standard cubic feet per day. Says this is slightly above its 30 million to 40 million guidance. Notes production is now initially set at 20 million feet per day. The H2 well is in the southern North Sea and is being drilled by the Perseverance rig under IOG's contract with Shelf Drilling Ltd, signed in 2020.
Read more26 Jun 2023 10:06
AIM WINNERS & LOSERS: Premier African plunges on force majeure notice
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.
Read more26 Jun 2023 08:53
LONDON MARKET OPEN: Stocks down after Russia drama; Aston Martin jumps
(Alliance News) - Stock prices in London opened slightly lower on Monday morning, with risk sentiment dented follow an aborted mutiny in Russia at the weekend, which has stoked concerns about stability in the nuclear-armed country.
Read more22 Jun 2023 11:14
IN BRIEF: IOG shares up as bond amendments formally approved
IOG PLC - UK-focused offshore gas developer - Says holders have formally approved proposed short-term bond amendments regarding its EUR100 million senior secured bonds. Notes move will help stabilise business and deliver value.
Read more16 Jun 2023 12:08
IOG notes recovery after reporting balance sheet was under pressure
(Alliance News) - IOG PLC on Friday said it remains in constructive dialogue with a group of investors regarding its EUR100 million senior secured bond.
Read more13 Jun 2023 12:11
LONDON MARKET MIDDAY: Shares fall back ahead of key US inflation data
(Alliance News) - London's large-cap and mid-cap indices had slipped into the red by midday on Tuesday, having started the day positively, as a risk-off mood crept into markets ahead of the release of key US inflation data at 1330 BST.
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