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Independent Oil Gas

Independence Oil and Gas (per: NYSE) is a US-based company engaged in the acquisition, exploration, production, and development of oil and natural gas properties. The company primarily operates in the Appalachian Basin, which is located in the eastern United States and is one of the oldest and most prolific oil and gas producing regions in the country.

When it comes to the company's financials, here are some key points to consider:

1. Revenue: Independence Oil and Gas has reported steady revenue growth in recent years. In 2020, the company generated total revenues of $355.5 million, up from $324.3 million in 2019 and $247.5 million in 2018.

2. Earnings: The company's earnings have been more volatile than its revenue. In 2020, Independence Oil and Gas reported a net loss of $21.5 million, compared to a net loss of $136.3 million in 2019 and a net income of $12.6 million in 2018.

3. Cash Flow: The company's cash flow from operations has also been volatile in recent years. In 2020, Independence Oil and Gas generated $113.5 million in cash flow from operations, up from $25.6 million in 2019 but down from $153.6 million in 2018.

4. Dividends: The company does not currently pay a dividend.

When it comes to growth, here are some factors to consider:

1. Reserves: Independence Oil and Gas had proved reserves of 1,155.8 billion cubic feet equivalent (Bcfe) as of December 31, 2020, up from 1,112.4 Bcfe at the end of 2019.

2. Production: The company's production has also been increasing in recent years. In 2020, Independence Oil and Gas produced 231.4 Bcfe, up from 216.4 Bcfe in 2019 and 170.2 Bcfe in 2018.

3. Exploration and Development: Independence Oil and Gas continues to invest in exploration and development activities in the Appalachian Basin. The company has identified several potential drilling locations and is working to advance these projects.

Overall, Independence Oil and Gas is a company with steady revenue growth and increasing production, but its earnings have been volatile in recent years. The company's focus on the Appalachian Basin and its investments in exploration and development activities could position it for future growth. However, investors should carefully consider the company's financials, market conditions, and other factors before making investment decisions.