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Appointment of Peel Hunt as Joint Broker

Independent Oil and Gas plc ("IOG" or the "Company"), the development and production focused Oil and Gas Company, is pleased to announce that it has appointed Peel Hunt LLP as joint-broker to the Company alongside the existing broker and Nominated Advisor, finnCap Limited with immediate effect.

Andrew Hockey, CEO of IOG commented:

“We are extremely pleased to be working with Peel Hunt as we progress the funding of our dual gas hub development project.  We look forward to working closely with them in conjunction with our existing brokers finnCap.”

Enquiries:
 
Independent Oil and Gas plc
Andrew Hockey (CEO)
James Chance (CFO)
+44 (0) 20 3879 0510
finnCap Ltd
Christopher Raggett / Anthony Adams
(Corporate Finance)
Camille Gochez
(Corporate Broking)
+44 (0) 20 7220 0500
Peel Hunt LLP
Richard Crichton
David McKeown
+44 (0) 20 7418 8900
Camarco
Georgia Edmonds / Tom Huddart / Monique Perks
+44 (0) 20 3757 4980


About Independent Oil and Gas:

IOG owns substantial low risk, high value gas Reserves in the UK Southern North Sea.  The Company is targeting a 2P peak production rate in excess of 200 MMcfd (c. 35,000 Boe/d) from its substantial current portfolio (2P Reserves of 303 bcf) via an efficient hub strategy.  Alongside this it continues to pursue value accretive acquisitions, to generate significant shareholder returns.  All IOG's licences are owned 100% and operated by IOG.

Further information can be found on www.independentoilandgas.com