(ShareCast News) - Independent Oil & Gas shares took a hit after the company said an unknown backer pulled out of a $10m funding arrangement. At 1531 BST shares in the AIM listed stock were down by 46.1% to 6.33p. IOG had signed a letter of intent with the listed company for $10m equity investment
Read more(ShareCast News) - Independent Oil and Gas is yet to receive funds from an undisclosed investor who acquired shares in the company in June, the oil and gas group said on Monday. In a short statement, the London-listed company said it has been assured it will receive the funds within the "next few da
Read moreShares in Independent Oil & Gas rose more than 20% after the energy company detailed its long term funding strategy. The company planned to split funding between equity and debt to bring main assets Skipper, Cronx, Elgood and Blythe into production. An equity component of £7.1m, equating to 29.99%
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