Independent Resources Discussion Board http://www.iii.co.uk/investment/detail?code=cotn:IRG.L&display=discussion http://www.iii.co.uk/icons/logos/uk_logo.gif http://www.iii.co.uk tag:iii.co.uk,2003:tst.9353813 February 27, 2012
http://bit.ly/yTrb6Q By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:IRG.L&display=discussion&id=9353813&action=detail Mon, 27 Feb 2012 07:25:00 GMT SpikeyDT tag:iii.co.uk,2003:tst.9336742 Thursday, February 23, 2012
http://bit.ly/wHV6Wh By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:IRG.L&display=discussion&id=9336742&action=detail Wed, 22 Feb 2012 21:57:00 GMT SpikeyDT tag:iii.co.uk,2003:tst.9334727 By Sarah Modlock | Wed, 22/02/2012 - 14:35
http://bit.ly/zUkHyJ By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:IRG.L&display=discussion&id=9334727&action=detail Wed, 22 Feb 2012 16:11:00 GMT SpikeyDT tag:iii.co.uk,2003:tst.9333788 February 22. at 1:47 pm
http://bit.ly/w2UQNk By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:IRG.L&display=discussion&id=9333788&action=detail Wed, 22 Feb 2012 13:58:00 GMT SpikeyDT tag:iii.co.uk,2003:tst.9332461 Wed 22 Feb 2012
http://bit.ly/xE0zNF By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:IRG.L&display=discussion&id=9332461&action=detail Wed, 22 Feb 2012 11:20:00 GMT SpikeyDT tag:iii.co.uk,2003:tst.9330490 Date : 22/02/2012 @ 07:00
Source : UK Regulatory (RNS & others)
Stock : Independent Resources (IRG)
Quote : 52.5 0.0 (0.00%) @ 05:00
http://bit.ly/zNrE3v By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:IRG.L&display=discussion&id=9330490&action=detail Wed, 22 Feb 2012 07:10:00 GMT SpikeyDT tag:iii.co.uk,2003:tst.9316325 ')" target="_new" rel="nofollow">http://www.barchart.com/opinions/stocks/IRG.LS
By swooped ]]> http://www.iii.co.uk/investment/detail?code=cotn:IRG.L&display=discussion&id=9316325&action=detail Sun, 19 Feb 2012 18:30:00 GMT swooped tag:iii.co.uk,2003:tst.9289689 http://www.iii.co.uk/investment/detail?code=cotn:IRG.L&display=discussion&id=9289689&action=detail Tue, 14 Feb 2012 11:47:00 GMT ultrapunch tag:iii.co.uk,2003:tst.9282263 Feb 13 (Reuters) - UK OIL AND GAS SECTOR
http://bit.ly/x1av4f
* Seymour Pierce starts Independent Resources with buy rating; price

target of 67P By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:IRG.L&display=discussion&id=9282263&action=detail Mon, 13 Feb 2012 06:52:00 GMT SpikeyDT tag:iii.co.uk,2003:tst.9256429 http://www.bbc.co.uk/news/world-europe-16919998 By red_dragon ]]> http://www.iii.co.uk/investment/detail?code=cotn:IRG.L&display=discussion&id=9256429&action=detail Tue, 07 Feb 2012 07:28:00 GMT red_dragon tag:iii.co.uk,2003:tst.9190519 http://www.iii.co.uk/investment/detail?code=cotn:IRG.L&display=discussion&id=9190519&action=detail Fri, 20 Jan 2012 18:11:00 GMT ultrapunch tag:iii.co.uk,2003:tst.9155943 http://www.iii.co.uk/investment/detail?code=cotn:IRG.L&display=discussion&id=9155943&action=detail Thu, 12 Jan 2012 22:06:00 GMT ultrapunch tag:iii.co.uk,2003:tst.9096692 Independent Resources plc Mulls Restructuring Of Its Business As Flagship Rivara Gas Storage Project Gets Key Government Clearance
http://bit.ly/tZ2D02


There was an early Christmas present for backers of Independent Resources (IRG) this week when Italy’s Ministry of Environment gave its flagship Rivara gas storage project formal clearance. This is a key milestone for the AIM-quoted company which has stagnated in recent years as Rivara became mired in protracted – “exhaustive” is the company’s description - environmental reviews, much to the frustration of management and shareholders
On Monday the company announced the Ministry's Technical Commission for Environmental Impact Verification had voted to allow the project to proceed by “explicitly re-confirming the environmental compatibility of the project's so-called appraisal phase”. This next stage is designed to definitively confirm the project's technical characteristics and, therefore, its safety and feasibility. Now the company just needs to receive a signed Ministerial Decree to start work – this is expected early in the New Year. Shares in the company gained six pence, or more than 15 per cent, to stand at 44 pence, inching towards the highs seen over the summer when press speculation suggested Ministry approval was imminent (unless imminent means another six months, and the experience of IRG and other operators suggests it may in Italy, then those reports were premature...)
Getting this long-stalled project underway would be significant not only for IRG but also for Italy, a country highly dependent on imports for its energy needs – an issue given added urgency following this year’s upheavals in North Africa. Rivara has a capacity of 110 BCF and could add over 20 per cent to peak deliverability into Italy's heavily strained supply network during the winter season. Indeed, IRG believes the project, which sits in Europe's third-largest gas market and on the main natural gas trunk-line that links Europe's future gas supplies to market, has the “potential to become the most competitive merchant gas storage facility on the continent”.
Rivara is a deeply buried porous reservoir, saturated with brine, and although these highly efficient water-drive aquifers have routinely been used all over the world to store gas, they have never been used in Italy. This has contributed to the delays as the authorities have taken a risk-averse view of this storage solution. This is where the now-approved appraisal programme comes in, to reduce risks ahead of the Final Investment Decision. This work programme would lay the groundwork for a farm-out to a large integrated natural gas operator, reducing IRG’s stake to a more manageable level ahead of the €300 million development (and the reservoir would hold over twice that value in gas). At present IRG has a 75 per cent interest in the project, alongside Italian energy group ERG with 15 per cent.
The company may also seek to separate its gas storage project from its riskier E&P projects, which include the Ribolla shale gas project in Italy, with an estimated in-place gas resource of 540 BCF, and some thus-far disappointing exploration acreage in Tunisia. In both instances, IRG is seeking to farm-down its equity but it may also attempt a more radical restructuring of the business. As executive chairman Grayson Nash said at the release of the company’s full year results in November, which saw losses narrow to £1.1 million, gas storage and E&P activities have “very different business trajectories, different costs of capital, different regulatory regimes, and in general terms attract not only different investors but also different partners, customers, and bankers”.
“It is not yet possible to define exactly how these two distinct areas of activity within our current portfolio - gas storage and E & P - will be restructured, but it is safe to say that some form of corporate restructuring is the likely outcome of By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:IRG.L&display=discussion&id=9096692&action=detail Thu, 22 Dec 2011 10:18:00 GMT SpikeyDT tag:iii.co.uk,2003:tst.9082383 http://www.iii.co.uk/investment/detail?code=cotn:IRG.L&display=discussion&id=9082383&action=detail Mon, 19 Dec 2011 08:48:00 GMT magnolia100 tag:iii.co.uk,2003:tst.8869464 http://www.iii.co.uk/investment/detail?code=cotn:IRG.L&display=discussion&id=8869464&action=detail Fri, 21 Oct 2011 21:23:00 GMT red_dragon