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Independent Oil Gas

Independent Oil and Gas (IOG) is a UK-based oil and gas exploration and production company. The company's stock is listed on the Alternative Investment Market (AIM) of the London Stock Exchange under the ticker symbol "IOG.L". It is not listed on any major U.S. stock exchange, such as the NYSE or NASDAQ.

In terms of financials, IOG reported revenues of $24.8 million and a net loss of $19.2 million for the year ended 31 December 2020. As of December 31, 2020, the company had total assets of $155.7 million and total liabilities of $50.3 million.

The company's primary focus is on the exploration and production of oil and gas reserves in the North Sea, off the coast of the United Kingdom. IOG's portfolio includes a number of discovered gas fields, including the Southwark, Blythe, and Elgood fields, which the company estimates contain gross 2P reserves of 303 Bcfe (best estimate).

In terms of growth, IOG has been focused on the development of its core assets in the Southern North Sea. The company has outlined a phased development plan for its portfolio, which includes the construction of new production infrastructure, as well as the drilling of new wells. The first phase of this plan, which includes the development of the Southwark and Blythe fields, is currently underway, with first gas from these fields expected in H2 2021.

It is important to note that the company's operations and financials are subject to the risks and uncertainties of the oil and gas industry, including commodity price volatility, political and regulatory risks, and geological risks. As such, investors should conduct their own research and due diligence when considering an investment in IOG or any other company in the oil and gas sector.