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ID - Independent seeks partner after fending off hostile bidder - April 2019
London-listed Independent Oil and Gas plc will continue to seek a farm-out arrangement with a partner before it makes a final investment decision on its assets in the southern North Sea. IOG wants to develop two 100%-owned gas hubs at Vulcan and Blythe on the UK Continental Shelf. The strategic decision to pursue a farm-out arrangement comes after Independent fended off a hostile takeover attempt from RockRose Energy. In early March, RockRose made an unexpected offer for all of IOG’s......
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