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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Indago Pet | LSE:IPL | London | Ordinary Share | GG00B1VJHB24 | ORD USD0.0005 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 34.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number : 3065W Indago Petroleum Limited 09 June 2008 Indago Petroleum Limited (AIM: IPL) Operational Update and Result of AGM Indago Petroleum Limited ("Indago" or "the Company"), the oil and gas exploration company exploring onshore the Sultanate of Oman, is pleased to provide the following update on operations. The Zad well on the Adam prospect in Oman Block 47 was spudded on 20th May and is making satisfactory progress. The well was forecast to take around 100 days to drill and is targeting the Cambrian Amin Sandstone reservoir at a depth of around 4,250 metres. Indago holds an approximate 50% interest in Oman Block 47. The Operator, RAK Petroleum Oman Ltd., holds the balance of the interest. Indago is also pleased to announce that the insurance claim relating to the Al-Jariya 1 well-control incident in Block 31 is progressing satisfactorily with the first interim payment having been received. Further updates on this claim will be provided as appropriate Result of AGM At the Company's Annual General Meeting held earlier today all resolutions were passed by shareholders. 9 June 2008 Enquiries: Indago Petroleum Limited David Bremner, CEO + 1 805 708 4892 Martin Groak, CFO + 44 7949 209 301 Tim Eggar, Chairman +44 7771 597 499 JPMorgan Cazenove Limited +44 20 7588 2828 Barry Weir Neil Haycock Nabarro Wells +44 207 634 4705 Marc Cramsie College Hill Associates +44 20 7457 2020 Nick Elwes Paddy Blewer Website: www.Indagopetroleum.com Notes to Editors: Indago Petroleum Indago Petroleum Limited is an oil and gas exploration company listed on the AIM market of the London Stock Exchange. The Company is geographically focused in the Middle East, currently exploring in the Sultanate of Oman, a politically stable country with proven hydrocarbon reserves and an active gas market. Following the disposal of its production and development assets and just over 50% of its exploration assets to RAK Petroleum PCL ("RAK Petroleum" or "the Operator") in April 2007, Indago currently has an approximate 50% stake in three exploration blocks onshore Oman (Blocks 31, 47 & 43A) operated by RAK Petroleum. Review by Qualified person: The technical information and opinions contained in this press release have been reviewed by Don Scott, a qualified Geoscientist (BSc (Hons) Geology - Southampton 1963, MSc Applied Geophysics - Birmingham 1964) and a Fellow of the Geological Society of London since 1964. This information is provided by RNS The company news service from the London Stock Exchange END RAGSSLFIUSASESM
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