||EPS - Basic
||Market Cap (m)
|Oil & Gas Producers
Igas Energy Share Discussion Threads
Showing 7801 to 7824 of 7825 messages
|I think your optimism betrays reality. The fact that the unsecured debt trades at a high discount suggests the share price is over-valued. And the largest holder of secured debt is demanding a fire sale of assets. The company's negotiating position is weak.|
|You say 'very unwise' ?
The current share price very likely accounts for the uncertainty of the companies future as is the same for every company share.
There is no doubt that this is a risky investment but sometimes risk = reward.
My investment here is down but I still hope for a multiple of my original investment returned.|
|Hi everyone new to Igas, what do we think is likely to happen in the short term, next 12 months or so.... Good long term hold here...?SJ|
|Just found a note on 4-traders.com from 3 days ago titled 'IGAS Energy : Jobs boost as onshore oil firm gets new plant go-ahead at Lybster' which reports that planning permission has been given to an onshore oil and gas extraction plant which looks set to create new jobs near Lybster..... 'IGas Energy has been given the go-ahead to install compressed natural gas etc. etc.....'
Bit surprised that the company has not shouted about this, or have they and i just missed it? Any bit of good news would help to support the share price i would have thought.....:-(
|It could be a decent midterm investment for whoever picks up the pieces or reinvests at a big discount to the current price but for existing shareholders it's going to be either a big loss or a total loss.|
|It could be a decent mid term investment for whoever picks up the pieces for peanuts but certainly not for existing shareholders, their investment will be worth very little to nothing.|
|Still.... unless the big boys sell out there is always a chip and a chair, this could still be a fantastic mid term investment..?|
|It's situation has been totally dire for ages, the only surprise to me is why people haven't sold long ago.|
|Agreed and what is the magic number it looks like circa 7p or sadly possibly lower...... Tin hats on time.... GLASJ|
|I'm sure there will not be a problem raisng funds, it'll be the dilution that's the issue.|
|Does appear that way Sid..what about us!|
|The market always knows before the punters.|
|Just the usual market manipulation then....? Anyone got anything else to offer up on this so far today?|
|Something happening, down 25% now|
|Oo er....certainly the must be a whiff of refinancing concern here for this to move like this today. those in the know and all that....
|possibly a fund raising on the way here, as the market certainly has got wind of something|
|Looks like the slow death's speeding up.|
IGas provides the following update regarding the board's ongoing discussions with key stakeholders. The Company has recently met with certain of the Company's bondholders and potential strategic investors to discuss its capital restructuring options and valuation of the Company, as it continues to assess options which will allow a new capital structure for the Company that is sustainable in the current oil price environment and enables IGas to capitalise on value accretive opportunities.
IGas confirms it is now in well progressed discussions with one potential strategic investor. Discussions with this strategic investor and other stakeholders and investors are ongoing and there can be no certainty that an agreement will be reached or that a transaction will be forthcoming (a "Potential Transaction").
The Company continues to hold significant cash resources of c.US$32 million as at 22 December 2016. As previously announced, the Company expects that it will remain compliant with its daily liquidity covenant until late March 2017, based on current forecasts.
As previously disclosed, the Company confirms that its current forecasts project non-compliance with its leverage covenants as at 31 December 2016. The Company's position, following receipt of legal advice, remains that in the event of a breach of the leverage covenants, an equity cure provision exists within the bond agreements, such that a breach can be cured within 25 business days of the delivery of the compliance certificate for that period. For the twelve months ending 31 December 2016, the compliance certificate must be delivered by 30 April 2017, and accordingly the latest date for any equity cure would be early June 2017.
The board expects completion of the Potential Transaction would remedy any leverage covenant breaches as at 31 December 2016 and remedy the forecast breach of the daily liquidity covenants.
The Company will continue to update the market as and when appropriate.|
|Guessing some dilution on the way...waiting to pile in after that. 2017 should see a massive increase here. Good luck to all holders|
|No news is not good news.|
|15 November 2016
IGas Energy plc (AIM: IGAS)
Springs Road Planning Application Approved
IGas Energy plc ("IGas"), one of the leading producers of hydrocarbons onshore Britain, is pleased to announce that Nottinghamshire County Council's Planning and Licensing Committee has granted planning consent for the application to develop a hydrocarbon wellsite and drill up to two exploratory wells in Misson Springs, North Nottinghamshire.
Stephen Bowler, CEO of IGas commented:
"I am pleased that the Committee has made this positive determination following the recommendation by the Planning Officer. It has been a long process and everyone has been extremely thorough.
We have engaged with the community at every step of the process through a local community liaison group. This is important to us given we operate 30 fields across the country and understand how imperative it is to work in co-operation with local residents whilst we work safely and sensitively.
We are at a critical juncture in the future of our energy mix and supply, as we move away from coal towards lower carbon energy sources. We rely significantly on gas in the UK, not just for electricity, but also in heating 8 out of 10 homes and as a raw material in the manufacture of many everyday products, including plastics and clothing. We believe the future of the area is as important as its rich history and, with the demise of coal mining in the area, see an important role for shale development in the creation of future jobs and prosperity.
At this stage we, as well as other onshore operators around the country, are trying to establish if the significant quantities of gas that we have identified exists in the right formations to be commercially prospective and address the issue of security of supply that we face. We now have the consent to develop a hydrocarbon wellsite and drill up to two exploratory hydrocarbon wells (one vertically and one horizontally) to help us better understand the shale gas potential in North Nottinghamshire."|
|Perfect opportunity to increase my short position|
Better keep up to date with Drill or drop.