Independent Oil and Gas plc (AIM:IOG) signed a memorandum of understanding to acquire SNS Pipeline on January 16, 2017. Under the terms of the SPA, IOG would also acquire the associated onshore reception facilities. IOG plans to use this pipeline as the main export route for all of its SNS gas assets. Upon acquisition of the pipeline, IOG will undertake an intelligent pigging inspection to ensure the pipeline's integrity for safe re-use. Independent Oil and Gas then intends to re-commission it to enable evacuation of the gas from both Independent Oil and Gas' Blythe hub and Vulcan Satellites hub. As on March 1, 2017, the expiry date of the memorandum of understanding including exclusivity provisions has been extended to March 31, 2017. Christopher Raggett and Anthony Adams of finnCap Ltd acted as financial advisor and Billy Clegg and Georgia Edmonds of Camarco acted as public relation advisors to Independent Oil and Gas.