International Oil and Gas Technology Limited (LSE:OGT), an authorised closed-ended investment company incorporated in Guernsey, announces its interim results for the six months to 30 June 2012.
Christopher Hill, Chairman of International Oil and Gas Technology Limited, said,
"The first six months of 2012 have been marked by considerable progress in building value in the portfolio companies. The focus of the Company has been on consolidating their performance. In each case, we have concentrated on building a solid, repeatable business base and providing support for growth via considered injections of growth capital."
David Sefton, Partner at Linton Capital, said,
"During the period, we have concentrated on developing the strength and scale of the Company's three portfolio investments, Strata, Crest and SR2020. We are pleased to report that all three companies, although operating with differing market drivers, have demonstrated to their customers the value of service excellence and focused technology-driven solutions. We are confident that SR2020 has the potential to become one of the Company's most successful investments."
In this statement of interim results, all references to currency are to the lawful currency of the United States of America unless otherwise stated
For further information:
|Investment Manager and media enquiries|
|Linton Capital LLP|
|David Sefton||Tel: +44 20 7917 2916|
|Nathan Brown||Tel: +44 20 7260 1426|
A copy of the Company's Condensed Interim Report and Accounts will be posted to shareholders and will shortly be available on the IOGT website: www.international-ogt.com
Notes to editors:
International Oil and Gas Technology Limited
International Oil and Gas Technology Limited ("IOGT") is an authorised closed-ended investment company incorporated in Guernsey. IOGT invests expansion capital into companies that provide services and technology to the upstream oil and gas industry.
IOGT was admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange on 7 January 2008. Its stock market EPIC is OGT.L.
Further information can be found at www.international-ogt.com