Vmbook Online ordering
Independent Oil Gas
IA Independent Oil and Gas (IOG) is a UK-based oil and gas development and production company focused on the North Sea. The company's stock is traded on the AIM market of the London Stock Exchange under the ticker IOG. It is not listed on any major US stock exchanges such as NYSE or NASDAQ, so you will not find a stock symbol "EOPT" for this company in the US.
In terms of financials, IOG reported revenue of £3.4 million for the six months ended 30 September 2022, compared to £0.2 million for the same period in 2021. The company's gross profit for the period was £2.9 million, compared to a gross loss of £0.1 million in H1 2021.
As for growth, IOG has been making progress in its development of the Core Project, which includes the Southwark, Blythe, and Elgood fields in the Southern North Sea. The company has announced several milestones in the development of these fields, including the award of contracts for the construction of platform facilities and the drilling of development wells.
In addition, IOG has announced the acquisition of further assets in the North Sea, including the Thames Reef and Vulcan satellites, which are expected to add to the company's production and cash flow.
It is important to note that investing in stocks, especially in small-cap companies like IOG, carries risks and it is important to conduct your own thorough research and consider seeking financial advice before making any investment decisions.