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Independent Oil & Gas Plc (IOG.L) Announced a project and funding update. In line with its target schedule for Core Project Phase 1 Final Investment Decision (FID), the company is in the advanced stages of retendering certain key project contracts and preparing to recommend final awards. Formal awards are expected to be made shortly after FID, which will follow directly from completion of the Farm-out and Bond. In that context, the company has chosen to optimise further the Phase 1 drilling schedule in the final FDP submission.
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