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Independent Resources

17:15 on 18/04/2017

Current Price 0.38p | Bid 0.38p | Ask 0.41p | Change 0.00%

Company Overview

Independent Resources plc was incorporated in June 2005 in the UK to consolidate and fund a number of promising oil and gas projects. The company's business model is aimed at the construction of an energy trading platform, backed with energy assets, and geographically centered in Italy. The ultimate objective is to integrate sources of gas, storage, and transportation with consumers of gas operating in the wholesale market. Italy is destined to evolve from a major destination market to also become the primary energy land-bridge between North Africa and Europe. Independent Resources intends to participate as a crucial provider of value-added energy solutions to the evolving transalpine Mediterranean energy nexus. Presently, Independent Resources' core development activities include a major underground gas storage facility, a major new source of unconventional gas onshore Italy, and a major source of conventional and unconventional oil in Tunisia. Although the Tunisian projects are not core to the business plan, they are destined to become important sources of future capital to develop the business.

Stock Details

Shares in Issue 419,905,876
Market cap £ 0.29m
Sector Oil & Gas Producers
Indices FTSE AIM All-Share Index

Financial Highlights Year Ended 31/12/2013

Turnover £0.00 million
Operating Profit £-3.34 million
Dividend Yield 0.00
Dividend Per Share 0.00
Dividend Cover 0.00
P/E Ratio -0.06
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Price Summary

Mid Price ? 0.00p
Bid Price ? 0.38p
Ask Price ? 0.41p
Volume ? 0
Change Today 0.00p
% Change Today 0.00%
Open 0.00p
Previous Close 0.40p
Intraday High 0.00p
Intraday Low 0.00p
52 Week High 0.98p
52 Week Low 0.05p

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Broker Consensus

The above information represents a selection of the views and target prices published in the last 120 days by analysts in individual stocks. It is subject to change without notice and may not necessarily be the view held by Redmayne-Bentley.

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