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17 Oct 2013 11:18
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17 October 2013
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Independent Oil & Gas plc
Share Price Movement
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The Board of Independent Oil and Gas plc ("IOG" or the "Company")(AIM:IOG.L), the North Sea focused Oil and Gas Company, is pleased to note the recent rise in the Company's share price but can confirm that it is not aware of any reason for such a movement.
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As was highlighted in the Company's AIM admission document, the Board is awaiting news on the progress of the sale of the Company's partner ATP Oil & Gas (UK) Limited ("ATP UK"). The Company notes that the current US Court process relating to the sale of certain assets of ATP Oil & Gas Corporation (the parent company of ATP UK) does not include the shares of our partner ATP UK.
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The Board understands that the sale process for ATP UK is continuing and an update will be provided as soon as possible on the timings of the process.
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Enquiries:
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Independent Oil & Gas plc: | |
Mark Routh (CEO) Peter Young (CFO) | +44(0) 20 3051 9632 |
Charles Stanley Securities (Nominated Adviser & Broker) Philip Davies | +44 (0) 20 7149 6942 |
Bell Pottinger | |
Philip Dennis | +44(0) 20 7861 3919 |
Mark Antelme | +44(0) 20 7861 3894 |
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About Independent Oil & Gas:
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IOG is an oil & gas company with established assets focused on the UK North Sea. The company's strategy is to deliver near term development and production assets in North West Europe, through its extensive technical and commercial expertise, whilst maintaining some exposure to exploration upside. The Company is looking to grow both organically and through acquisition. Further information can be found on www.independentoilandgas.com.
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