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 announces financial update

Following its announcement of 10 May, 2016, IRG is pleased to announce that it has made further substantial progress in improving its financial position through reducing its indebtedness by a further £305,000 to approximately £230,000 (unaudited). Key points: Settlement of £148,00... Wednesday, May 25, 2016

Independent Resources receives CCH approval for Ksar Hadada permit extension

Further to the announcement of 21 April 2016 the Board of Independent Resources plc, the AIM listed oil and gas exploration and production company (AIM:IRG) with activities in Tunisia, Egypt and Italy, provides the following update regarding the Ksar Hadada hydrocarbon exploration permit, Tunisia. ... Wednesday, May 11, 2016

Independent Resources applies for Ksar Hadada permit extension

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 Resources acquires Blythe discovery

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

Independent Resources assumes 100% interest in Ksar Hadada exploration permit, Tunisia

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

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