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Independent Oil Gas

Based on publicly available information, Independent Oil and Gas plc (BTE) is an independent oil and gas company engaged in the exploration, development, and production of oil and gas reserves in the UK North Sea. Here is some general information about the company:

Symbol: BTE (traded on the London Stock Exchange)

Profile: Independent Oil and Gas plc is an independent oil and gas company that focuses on the UK Continental Shelf (UKCS). The company has licenses in the Southern North Sea and the UK Atlantic Margin, and it is currently developing the Vulcan Satellites oil field and the Skipper oil discovery.

Financial Performance: The company's revenue for the six months ended 30 June 2021 was £5.4 million, up from £1.3 million in the same period in 2020. However, the company reported a loss of £3.5 million for the period, compared to a loss of £0.8 million in the same period in 2020.

Earnings: The company has not yet announced its earnings for the full year 2021.

Dividend: The company does not currently pay a dividend.

Growth: The company's growth prospects are closely tied to the development of its oil and gas fields in the UK North Sea. The Vulcan Satellites oil field and the Skipper oil discovery are expected to contribute significantly to the company's production and revenue in the coming years.

Valuation: As of 8 March 2023, the company has a market capitalization of approximately £21.6 million.

Overall, Independent Oil and Gas plc is an exploration and production company with a focus on the UK North Sea. While the company has reported increased revenue in recent periods, it has also reported losses. The company's growth prospects are closely tied to the success of its oil and gas development projects in the UK North Sea.