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IOG PLC shares rise as North Sea contract cancelled

IOG PLC (AIM:IOG) shares skyrocketed 30% on Monday morning after the AIM-listed gas firm laid out plans to maximise cash flow by cancelling North Sea.

IOG shares rise as troubled firm shelves North Sea projects

UK: IOG announces corporate and operational Update

IOG provided a corporate and operational update ahead of its AGM on May 2. The Company continues to enhance the portfolio via its low-cost strategy of licensing rounds and 3D seismic reinterpretation and has identified valuable further undeveloped discovered conventional gas resources and exploration upside on its 32nd Round P2589 licence, part of the Central Cluster, as well as in the Company s nine 33rd Round licence applications.

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