IOG gets 18 month extension on Blythe and Skipper licences
- Business & Finance
The Board of Independent Oil and Gas plc (“IOG”), the North Sea focused Oil and Gas Company, has confirmed that the Blythe and Skipper licences have been extended by 18 months to 31st September 2015.
Alpha Petroleum Resources Ltd operates the Blythe and Skipper licences in which IOG has a 50% interest.
Mark Routh, CEO of IOG said: “Removing all uncertainty relating to expiry of these licences is an expected but still significant step for IOG. We look forward to updating the market on our progress with these and our other assets in due course.”
IOG has four licences in the North Sea: In addition to the Blythe and Skipper licences co-owned 50% with ATP UK, IOG has a 100% working interest in two licences awarded in the 27th licencing round. One is to the west of and adjacent to Skipper, the other is to the east of Blythe.
Press Release, March 03, 2014