Scandoil  

Independent Oil and Gas updates on Skipper well funding


Published Dec 8, 2015
Independent Oil and Gas plc

Independent Oil and Gas is pleased to provide the following funding and operational update regarding the upcoming appraisal well on Skipper.

Overview

Skipper well funding now secured.
The Company now has sufficient working capital for the next twelve months.
Loan Agreements signed with GE Oil & Gas UK Limited and London Oil & Gas Limited, part of London Group Limited, for an aggregate amount of up to £4.75 million.
Approximately £4.5 million of the well funding will be deferred until December 2016. Some of these agreements are still subject to completion of documentation.
Deadline on the Skipper Sale and Purchase Agreement extended to 21 December 2015.
Anticipated spud date for the Skipper well is late January or early February 2016.
A contract with a drilling rig provider and the well management service contract are subject to completion of documentation.

Tags: Independent Oil and Gas plc




Advertisment:

Add a Comment to this Article

Please be civil. Job and promotion will not be added into the comment page.

(Use Markdown for formatting.)

This question helps prevent spam:

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml