North Sea-focused Independent Oil and Gas plc announced Wednesday that it has raised £150,000 ($231,792) with “certain investors”, through the issue of 2,142,858 new ordinary shares, which will provide the company with funding for most of its portfolio of assets through to February 2016.
“This is a small but important step for Independent Oil and Gas. It allows us to concentrate fully on the completion of funding and all the technical and operational aspects of getting our exciting Skipper well drilled. We look forward to providing a further operational and financial update in due course.”
Have a news tip? Share it with Rigzone!
WHAT DO YOU THINK?
Click on the button below to add a comment.
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
More from this Author
Most Popular Articles
From the Career Center
Jobs that may interest you