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Independent Oil & Gas

Current Price 20.00p Bid 19.50p Ask 20.50p Change 0.00%
Last Updated: 21/09/2019 07:43. Prices delayed by at least 15 minutes.
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Company Overview

Independent Oil & Gas plc owns substantial low risk, high value gas reserves in the UK Southern North Sea. The Company is targeting a 2P peak production rate of 114 MMCF/d (c. 20,000 Boe/d) from its substantial Core Project (2P gas Reserves of 302 BCF) via an efficient hub strategy. In addition to the independently verified 2P reserves, IOG now has independently verified 2C contingent gas resources of 108 BCF in Goddard and best estimate unrisked prospective gas resources of 202 BCF in Harvey and Goddard. Alongside this IOG continues to pursue value accretive acquisitions to generate significant shareholder returns. All IOG's licences and the Thames Pipeline are owned 100% and operated by IOG.

Financial Highlights Year Ended 31/12/2018

Turnover
£0.00m
Operating Profit
£-2.52m
Dividend Yield
0.00
Dividend Per Share
0.00
Dividend Cover
0.00
P/E Ratio
-4.35

Key Personnel

Mark Andrew Hughes
Chief Operating Officer
Andrew Raymond Hockey
Dep Chief Executive
Fiona Margaret MacAulay
Non-Executive Chairman
Neil Hawkings
Non-Executive Director
Esa Tapani Ikaheimonen
Non-Executive Director

Stock Details

EPIC
IOG
ISIN
GB00BF49WF64
Shares in Issue
341,332,750
Market cap
£68.27m

Analyst Views (2)

Strong Buy
 
50.00%
Buy
 
0.00%
Hold
 
50.00%
Sell
 
0.00%
Strong Sell
 
0.00%
The above information represents a selection of the views published in the last 120 days by analysts. It is subject to change without notice and doesn't reflect view held by Redmayne Bentley and is not advice.

Price Summary

Mid Price
20.00p
Bid Price
19.50p
Ask Price
20.50p
Volume
1694841
Change Today
0.00p
% Change Today
0.00%
Open
19.95p
Previous Close
20.00p
Intraday High
20.13p
Intraday Low
19.63p
52 Week High
35.25p
52 Week Low
10.25p
52 week high and low figures quoted above are calculated from intraday price data.

Intra-Day Chart

Independent Oil & Gas Intra-day Chart

Independent Oil & Gas News

News in this section is provided by AJ Bell

Independent Oil and Gas appraisal well confirms natural gas at Harvey prospect 11 Sep 2019 | 14:14 Independent Oil and Gas issues EUR100m 5-year bond to fund gas development project in UK Southern North Sea 09 Sep 2019 | 09:12 Broker Forecast - finnCap issues a broker note on Independent Oil & Gas PLC 09 Aug 2019 | 09:20 Independent Oil and Gas says drilling has kicked off on North Sea gas well 07 Aug 2019 | 14:10 Broker Forecast - Peel Hunt issues a broker note on Independent Oil & Gas PLC 01 Aug 2019 | 09:00 Director Deals - Independent Oil & Gas PLC (IOG) 30 Jul 2019 | 15:40 Director Deals - Independent Oil & Gas PLC (IOG) 30 Jul 2019 | 15:40 Independent Oil and Gas to farm out 50% of Southern North Sea assets to CalEnergy Resource for £40m 26 Jul 2019 | 08:03 Independent Oil and Gas acquires reception facility at Becton gas terminal 24 Jul 2019 | 14:32 Independent Oil & Gas appoints non-exec director 24 May 2019 | 09:44 Independent Oil and Gas selects drilling rig for Harvey appraisal well 07 May 2019 | 14:54 Director Deals - Independent Oil & Gas PLC (IOG) 24 Apr 2019 | 17:10 Director Deals - Independent Oil & Gas PLC (IOG) 24 Apr 2019 | 17:10 Director Deals - Independent Oil & Gas PLC (IOG) 24 Apr 2019 | 17:10 Director Deals - Independent Oil & Gas PLC (IOG) 24 Apr 2019 | 17:05 Director Deals - Independent Oil & Gas PLC (IOG) 24 Apr 2019 | 17:05 Director Deals - Independent Oil & Gas PLC (IOG) 24 Apr 2019 | 17:05 Independent Oil & Gas raises £16.6m from share issue 01 Apr 2019 | 13:38 Broker Forecast - Peel Hunt issues a broker note on Independent Oil & Gas PLC 08 Jan 2019 | 11:30 Independent Oil and Gas confirms prospectivity of Goddard licence 15 Oct 2018 | 13:52

Assets (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
31 Dec 2017
Tangible Assets
41.6
21.3
Intangible Assets & Goodwill
2.4
0.2
Investments & Other Non-Current Assets
0.0
0.0
Total Non-Current Assets
43.9
21.5
Inventory
0.0
0.0
Trade & Receivables
0.7
1.0
Cash & Receivables
0.7
0.2
Other Current Assets & Assets Held for Resale
0.0
0.0
Total Assets
45.3
22.6

Liabilities (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
31 Dec 2017
Short Term Liabilities
18.1
7.0
Long Term Liabilities
33.0
20.4
Other Liabilities / Pension etc
0.0
0.0
Total Liabilities
51.1
27.4

Net Assets (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
31 Dec 2017
Net Assets
-5.8
-4.8

Equity (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
31 Dec 2017
Share Capital
1.3
1.2
Minority Interests
0.0
0.0
Retained Earnings
-35.7
-31.4
Share Premium Account
22.3
22.3
Other Equity
6.3
3.1
Total Equity
-5.8
-4.8

Cashflow (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
31 Dec 2017
Cashflow from Operating Activities
-3.0
-1.1
Cashflow Before Financing
-17.9
-4.5
Increase / Decrease in Cash
0.6
-0.1

Income (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
31 Dec 2017
Turnover
0.0
0.0
Cost of Sales
0.0
0.0
Gross Profit
0.0
0.0
Operating Profit
-2.5
-0.9
Pre-Tax Profit
-5.6
-2.8
Profit / Loss for the Year
-5.6
-2.8
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
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