IOG plc said its financial position remained “challenging” with falling gas prices and production while the date nears for €100m bond interest repayments. BLYTHE The company is also in talks “on near-term liquidity and longer-term capital structure solutions” with holders of its senior secured bond as the waiver date of 29 September nears to repay […]
Tag: Southwark – Nailsworth – Elland – Grafton fields
IOG identifies new gas reserves-prospects
IOG plc has identified undeveloped additional conventional gas resources and several new prospects around the Saturn Banks project in the southern North Sea (SNS). CENTRAL The company, which holds cash of £31.9 million with £6.8m restricted, outlined potential development of at least five contiguous licences in the Vulcan and Jupiter areas. These include the Southwark, […]