Independent Oil & Gas close to signing agreement for North Sea pipeline
AIM-listed explorer Independent Oil & Gas said on Friday that it is “close” to signing the sale and purchase agreement for the southern North Sea pipeline in order to use it deliver the company’s gas to shore.
FTSE AIM All-Share
754.69
10:15 24/04/24
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IOG
0.95p
17:30 07/11/23
0.00%
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Oil & Gas Producers
9,708.26
10:15 24/04/24
0.95%
91.44
IOG said that the “document is in near final form and should be signed by all parties shortly” with the memorandum of understanding, which includes exclusivity provisions, extended by two weeks to 13 April.
Shares in Independent Oil & Gas were down 0.92% to 16.10p at 0849 BST.