Presentation

Independent Oil and Gas (“IOG”) is a UK based energy company focused on becoming a material gas developer and producer into the UK energy market from its 50% owned and operated, low-risk offshore gas portfolio. IOG’s gas will be transported through co-owned infrastructure, to deliver significant cost savings. The company is listed at AIM, London Stock Exchange. IOG has a EUR 100m senior secured bond outstanding, with maturity in September 2024. Per H1’21, net debt was GBP 32m.

IOG has built an extensive operated, low-risk offshore gas portfolio with multiple licenses across the Southern North Sea with net 2P reserves of 163 Bcfe, and net 2C resources of 66 Bcfe. With its partner CalEnergy Resources the company is a co-owner and operator of the Thames Pipeline and Thames Reception Facilities, key pieces of gas infrastructure.

IOG is 50% owner and operator of the Core Project – Phase 1, which entails the development of three fields, Southwark, Blythe and Elgood, in the UK Southern North Sea. The remaining 50% interests are held by CalEnergy Resources. Final Investment Decision (FID) on Phase 1 was declared in October 2019, the Field Development Plan (FDP) was approved by the UK government in April 2020 and first gas is planned for Q4‘21.