Sir Jim Ratcliffe has been sniffing around Independent Oil & Gas's debt.
People familiar with the situation said Ineos, Sir Jim's chemicals company, bid on Independent Oil and Gas's bonds before the North Sea oil explorer decided to repay some of the non-convertible debt held by failed outfit London Oil and Gas, which is associated with controversial City firm London Capital & Finance...
It took a bit longer than I expected but Independent Oil and Gas has finally confirmed my tale about it buying a North Sea pipeline from Tullow Oil. I have pasted the link below:
Independent Oil and & Gas made an announcement this morning. Here is the link in case you missed it:
Followers of little old Betaville's antics might recall that a few weeks ago on Tip TV I noted there were a few things afoot with AIM-listed tiddler Independent Oil & Gas. Here is the link to that clip in case you don't recall:
Apologies if I look like I have just stepped out of the shower during this session. It litreally tipped it down as I was running from the the tube station to the studio, so I got soaked. Anyway, here is a link to today's session (in which half way through I refer to last year's "election" but meant "referendum"):
https://www.youtube.com/watch?v=M0OuQSAuxO4&feature=youtu.be..