Independent Oil & Gas (IOG) owns six gas fields in the North Sea, with reserves totalling c.412 billion cubic feet of natural gas. Since being established in 2011, IOG has been exploring the North Sea, uncovering and acquiring reserves to build it's gas portfolio.
In 2019, the company successfully issued a €100m eurobond and secured a partnership with Warren Buffet's Berkshire Hathaway Energy Management to begin developing it's gas fields with first gas (production) expected by July 2021.
IOG also owns the Thames Pipeline which will be used to export the entire gas portfolio (from reserve to sale). IOG estimates that ownership of the pipeline will save the company £200m+ over the lifetime of its gas fields.
E+9.5%
Coupon Type
9.4%*
9.2%*
20 Sep 2024
Next Interest Payment
20 Dec 2019
Interest Period
3 months
NO0010863236
Senior Secured
€100,000,000
Unrated
20 Sep 2022 at 104.75
20 Mar 2023 at 103.8
20 Sep 2023 at 102.85
20 Mar 2024 at 100.5
Status
Payments on time
* Current Yield and Yield to Maturity are on estimated return calculations and not guaranteed. All yields shown are gross of Taxation and our Service Fee.
Company Legal Name
Industry
Energy, Utilities & Infrastructure
Country of Origin
UK
Year of Incorporation
2011
Ownership Status
Public Limited Company
* An asterisk next to an item indicates there is additional information available if you hover over it. You can also find a definition of the terms used on this page in our Glossary.
† Cash & Loans are proforma £17m of loan repayments following planned use of proceeds from €100m bond issuance.
Source: Public Company information
€101.0
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