Notice of AGM

RNS Number : 9748I

Independent Oil & Gas PLC

07 April 2020

 

7 April 2020

Independent Oil and Gas plc

Posting of Annual Report and Accounts and Notice of Annual General Meeting

Independent Oil and Gas plc ("IOG" or "the Company"), (AIM: IOG.L), the development and production company focused on becoming a substantial UK gas producer , announces that it has posted to shareholders copies of its Annual Report and Accounts for the year ended 31 December 2019 together with the Notice of Annual General Meeting ("AGM") and form of proxy. An electronic copy of the Annual Report and Accounts is on the Company's website ( www.iog.co.uk ) and the Notice of AGM will also shortly be published there as well.   

The AGM will be held at the offices of Fieldfisher, Riverbank House, 2 Swan Lane, London EC4R 3TT, or such other venue as may be notified, on 1st May 2020 at 10.00 am.

In light of the government's response to the COVID-19 outbreak, which includes banning all non-essential travel and gatherings of more than two people, the Company strongly encourages all Shareholders to submit their Form of Proxy or use the CREST Proxy Voting Service (as applicable), rather than attend the meeting in person. In accordance with the Company's articles of association, whilst completion and return of the Form of Proxy or the using of the CREST Proxy Voting Service (as applicable) would not preclude shareholders from attending, speaking and voting in person at the General Meeting should they so wish, shareholders are reminded that to do so would potentially be in breach of the Government's latest laws in relation to COVID-19. Voting will take place as usual and if the Company is of the view that this does not reflect the proxy votes, the Chair will direct voting to be by poll. Shareholders may listen to the formal AGM proceedings by dialing in to [phone] pin code 1556557 but will not be able to vote by telephone, as the Company's articles of association do not permit this.

A corporate presentation will be made available on the Company's website at https://www.iog.co.uk/investors/ and a conference call will take place immediately after the formal business of the meeting where Shareholders may ask questions.

Shareholders should be aware that, in accordance with current guidance, if the current restrictions on travel and gatherings remain in place, shareholders (other than the appointed Chair of the meeting) will not be permitted to attend the AGM in person. The Company will continue to monitor the situation and issue updates as necessary.

Enquiries:

Independent Oil and Gas plc Andrew Hockey (CEO) Rupert Newall (CFO) James Chance (Head of Corporate Finance & IR)	[phone]
finnCap Ltd Christopher Raggett (Corporate Finance) Simon Hicks (Corporate Finance) Camille Gochez (Corporate Broking)	[phone]
Peel Hunt LLP Richard Crichton David McKeown	[phone]
Vigo Communications Patrick d'Ancona Chris McMahon Simon Woods	[phone]

About IOG:

IOG owns and operates a 50% stake in substantial low risk, high value gas reserves in the UK Southern North Sea. The Company's Core Project targets a gross 2P peak production rate of 140 MMcfe/d (c. 24,000 Boe/d) from gross 2P gas Reserves of 302 Bcfe¹ + 2C gas Contingent Resources of 108 Bcfe², via an efficient hub strategy. In addition to the independently verified 2P reserves at Blythe, Elgood, Southwark, Nailsworth and Elland and 2C Contingent Resources at Goddard, IOG also has independently verified best estimate gross unrisked prospective gas resources of 73 Bcfe² at Goddard. Alongside this IOG has management estimated mid-case recoverable gas volumes of 40 Bcfe and 100 Bcfe at the Harvey and Redwell licences and continues to pursue value accretive acquisitions to generate significant shareholder returns.

¹ ERC Equipoise Competent Persons Report: October 2017, adjusted by Management to account for updated project timing and compression

² ERC Equipoise Competent Persons Report: October 2018  

 

END

 

 

NOASSSFWMESSEIL