Extension of the Blythe Licence
Thursday 8 December 2016
Independent Oil and Gas plc ("IOG" or the "Company"), the development and production focused Oil and Gas Company, is pleased to announce that following discussions with the UK Oil & Gas Authority, the licence for Blocks 48/22b and 48/23a in the Southern North Sea ("SNS") containing the Blythe gas discovery (P1736) has been formally extended until 31 December 2017.
IOG owns 100% of the licence and is the operator. Blythe needs no further appraisal and has independently verified gross 2P reserves of 34.3 BCF (6.1 MMBoe).