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24 Jul 2019 | 14:32

Independent Oil and Gas acquires reception facility at Becton gas terminal

Independent Oil and Gas said it had agreed to acquire a reception facility at the Bacton gas terminal north of Norfolk, for a nominal sum.

The company had signed a sale and purchase agreement for the Thames Reception Facilities with Perenco, Tullow and Spirit Energy Resources.

The terminal comprised an area of land within the Perenco part of the terminal where Independent Oil and Gas's Thames pipeline connected to the terminal.

It also contained certain gas and liquids reception equipment, which was planned to be refurbished and recommissioned during the development phase of the company's North Sea gas projects.

At 2:32pm: (LON:IOG) Independent Oil Gas PLC share price was +1.28p at 15.4p

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