Independent Resources


Description

The company's core activities are the development of a major underground gas storage facility, together with upstream assets in Italy and North Africa. The directors believe that the potential for integration and leverage between these storage, exploration and production projects provides the foundation on which to build a profitable, relatively low-risk, high-value business.

Rivara underground gas storage facility

Independent Resources plans to construct a large underground storage (UGS) facility by storing natural gas in a deep, naturally fractured reservoir in Italy's Po Valley. The Rivara project has been granted a provisional long-term concession by Italy's Ministry of Economic Development (MSE) which is subject to completion of a satisfactory environmental impact assessment and final approval by MSE. MSE and Italy's gas markets regulator (AEEG) are eager to encourage new gas storage capacity in the country to alleviate the well-documented deficit in this sector of the gas supply chain which is a matter of public interest.


Latest Independent Resources News

Independent Resources complete remote sensing hydrocarbon survey on Ksar Hadada

Independent Resources is pleased to advise that it has now received the results of the Scotforth Limited remote sensing hydrocarbon survey ('RSDD-H') of the Ksar Hadada permit in Tunisia. The survey and its attendant report were commissioned on 9 July 2015; they were completed and delivered to IRG ... Thursday, August 20, 2015

Independent Resources to undertake hydrocarbon survey of Ksar Hadada permit, Tunisia

IRG is pleased to announce that it has signed an exclusive agreement with Scotforth Limited to undertake a remote sensing hydrocarbon survey of the Ksar Hadada permit in Tunisia. The intent is to complete this within 6 weeks. IRG is confident that this will allow it better to identify the hydrocarbo... Thursday, July 9, 2015

Independent Resources plc trading update and appointment of joint broker

Update on Ksar Hadada Management continue to progress farm out discussions in relation to the Group's working interest in the Ksar Hadada licence onshore Tunisia. The opportunity is being marketed by Envoi and a number of third parties have expressed interest and are currently evaluating the opport... Tuesday, March 3, 2015

Independent Resources announces appointment of Director

The Board of Independent Resources announce the immediate appointment to the Board of Owain Franks as Commercial Director. Owain has been working with IRG for over a year as Commercial Director. Previously Owain was a partner in PwC in the UK for 21 years. As well as having been a member of PwC'... Monday, November 3, 2014

Independent Resources receives formal confirmation regarding Ksar Hadada licence extension

Independent Resources is pleased to announce that it has now received formal confirmation that the meeting of the Consultative Commission on Hydrocarbons of Tunisia ("CCH"), held on 7 August 2014, approved the extension of the Ksar Hadada licence to April 2016. Independent Resources Ksar ... Monday, August 18, 2014

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