Independent Oil & Gas Yesterday IOG confirmed that LOG would be restructuring its position with regard to IOG post its farm-out. It plans to convert some of its Feb 2016 loan into 29.9% of IOG at 8p with the balance becoming loan notes also at 8p. The February 2018 loan will be exchanged into loan notes at 19p while the company is going to pay down the remaining |£16.6m
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