International Oil & Gas is in the process of trying to sell Strata Energy Services. in an announcement today, the company says the sales process is ongoing but firm indications of pricing are unlikely to be available by 30 April (the deadline for the publication of International Oil & Gas’s accounts for the year ended 31 December 2014).
The Board has decided that the best course of action is to suspend dealing in the company’s shares “pending information which enables the Directors to attribute a fair value to the investment in Strata and thereby clarification of the Company’s financial position.”
OGT : International Oil & Gas shares suspended