Independent Oil and Gas Plc (LON:IOG) shares rose in Tuesday’s early deals after a statement informed investors that it is working to confirm the integrity of the Thames Pipeline.
The company highlighted that it is a “key step” in its Southern North Sea dual gas hub development project.
"We are now implementing an optimised programme to provide full and conclusive confirmation of the integrity of the Thames pipeline," said Andrew Hockey, IOG chief executive.
“Thanks to some excellent work by the IOG team and support of the regulatory authorities, this does not require an intelligent pig re-run in the short term.
“This has helped to protect our timeline to FID which in turn ensures that we keep the overall project on schedule to hit First Gas in late 2019."
On AIM, Independent Oil & Gas shares were up just over 6% changing hands at 29.2p each.