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Independent Resources () boss Greg Coleman says the company - along with its new joint venture Nostra Terra () - is already doing late-stage due diligence on a project in Egypt and more acquisition targets are in the pipeline.
"Matt Lofgran (Nostra's CEO) and I were in Cairo last week and we're now completing due diligence after a recent field trip to view the asset," said Coleman, speaking to Proactive.
Both Nostra and Independent are focusing on opportunities in North Africa where production can be improved through better field, reservoir and well management, or where operating costs can be reduced.
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Independent Resources Plc
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CODE : IRG.L |
ISIN : GB00B0RNX796 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Independent Res. is based in United kingdom. Independent Res. is listed in United Kingdom. Its market capitalisation is GBX 184.9 millions as of today (US$ 221.3 millions, € 193.9 millions). Its stock quote reached its highest recent level on May 29, 2009 at GBX 97.50, and its lowest recent point on May 20, 2016 at GBX 0.04. Independent Res. has 402 003 697 shares outstanding. |