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
Further to the announcement of 7 April 2016 the Board of Independent Resources plc, the AIM listed oil and gas exploration and production company (AIM:IRG) provides the following update regarding the Ksar Hadada hydrocarbon exploration permit, Tunisia. Entreprise Tunisienne d'Activités P&eac... Thursday, April 21, 2016
Independent Oil and Gas plc (AIM: IOG.L), the development and production focused oil and gas company, is pleased to announce that its wholly owned subsidiary, IOG North Sea Limited, has signed a Sale and Purchase Agreement to acquire from Alpha Petroleum Resources Limited the 50% of Blocks 48/22b an... Tuesday, April 19, 2016
The Board of Independent Resources plc, the AIM listed oil and gas exploration and production company (AIM:IRG), is pleased to announce that with immediate effect Independent Resources Ksar Hadada Limited, a wholly owned subsidiary of the Company, has assumed 100% of the contractor interest in the o... Thursday, April 7, 2016
Nostra Terra and Independent Resources plc (AIM:IRG) make the following announcement in relation to the East Ghazalat concession in Egypt. North Petroleum International Company, owner of the other 50% interest and operator in East Ghazalat, has served a notice of default pursuant to the terms of th... Monday, January 25, 2016
All Independent Resources News
Independent Resources plc (AIM:IRG), the oil and gas exploration and production company with a focus on the Mediterranean basin, is pleased to provide its trading update for the fourth quarter of 2015. Highlights Completion of East Ghazalat acquisition providing IRG with revenue generating assets ... Wednesday, January 20, 2016