Independent Oil & Resources PLC (IOTA) is an investment company focusing on investments within the oil & gas, and the green energy industries.
The company is the major shareholder of Petrolia SE (46%), an oil and gas company listed on Oslo Stock Exchange with ticker code PSE. Petrolia SE has two divisions, Exploration & Production, and Oil Services.
Petrolia SE is the main shareholder of Petrolia NOCO AS (49.9%), an independent Exploration and Production company on the Norwegian Continental shelf. Petrolia NOCO AS is operator for 2 exploration licenses, and has 12 license shares. Petrolia NOCO AS is listed on Oslo OTC with ticker PNO.
Petrolia SE’s global oil services are carried out by Independent Oil Tools Group (IOT).
In March 2019, IOTA’s 24.4% shareholding in Petrolia NOCO AS was distributed to its around 700 shareholders as dividend in kind.
IOTA’s objective is to provide attractive returns to all stakeholders by being a supportive partner and investor to the Petrolia Network, and investments in green energy.
IOTA may also make investments in any other line of business, and trade in any kind of financial instruments. The company is listed on the Oslo OTC with ticker IOTA.