Statement re Share Price Movement - Amendment

RNS Number : 7533Q

Independent Oil & Gas PLC

17 October 2013

 



This is an amendment to the announcement released by the Company at 11 a.m. (RNS Number 7498Q).  The words "certain assets of" were omitted from the second paragraph on the announcement regarding ATP OIL & Gas Corporation.

17 October 2013

Independent Oil & Gas plc

Share Price Movement

The Board of Independent Oil and Gas plc ("IOG" or the "Company")(AIM:IOG.L), the North Sea focused Oil and Gas Company, is pleased to note the recent rise in the Company's share price but can confirm that it is not aware of any reason for such a movement.

As was highlighted in the Company's AIM admission document, the Board is awaiting news on the progress of the sale of the Company's partner ATP Oil & Gas (UK) Limited ("ATP UK").  The Company notes that the current US Court process relating to the sale of certain assets of ATP Oil & Gas Corporation (the parent company of ATP UK) does not include the shares of our partner ATP UK.  

The Board understands that the sale process for ATP UK is continuing and an update will be provided as soon as possible on the timings of the process.

Enquiries:

Independent Oil & Gas plc:
Mark Routh (CEO) Peter Young (CFO)	[phone]
Charles Stanley Securities (Nominated Adviser & Broker) Philip Davies	[phone]
Bell Pottinger
Philip Dennis	[phone]
Mark Antelme	[phone]

About Independent Oil & Gas:

IOG is an oil & gas company with established assets focused on the UK North Sea.  The company's strategy is to deliver near term development and production assets in North West Europe, through its extensive technical and commercial expertise, whilst maintaining some exposure to exploration upside.  The Company is looking to grow both organically and through acquisition.  Further information can be found on www.independentoilandgas.com.

 

END

 

 

SPMBDLFFXBFFFBX