OSLO: Independent Oil & Gas plc (IOG) has confirmed that it is considering a possible all-share offer for the entire issued and to be issued share capital of Deltic Energy Plc.

“There can be no certainty that an offer will be made or as to the terms of any such offer. A further announcement will be made as and when appropriate,” a statement said.

IOG reserves the right to introduce other forms of consideration and/or to vary the composition of the consideration.