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IPL Indago Pet

34.50
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Indago Pet LSE:IPL London Ordinary Share GG00B1VJHB24 ORD USD0.0005
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 34.50 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 34.50 GBX

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Indago Petroleum (IPL) Discussions and Chat

Indago Petroleum Forums and Chat

Date Time Title Posts
10/10/201410:58Indago Petroleum - Massive Upside Potential4,045
28/2/201321:39IPL5
23/7/201109:41Oh aye, they're all 'talking' about it, make no mistake about it.10,017
23/1/200920:30IPL, Bid coming?!!!3
11/12/200801:18Indago Petroleum - High Impact Exploration33

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Indago Petroleum (IPL) Top Chat Posts

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Posted at 28/2/2013 21:39 by neilyb675
Ab-tamp

I know - first few seasons I never got into IPL but last year it grew on me, and I enjoyed it, really embraced it.
Posted at 28/2/2013 21:36 by abusedtampon
Neily this for you, I don't the IPL as avidly as i follow other cricket mainly because i love test cricket and 20/20 is just too quick
Posted at 11/2/2013 19:31 by neilyb675
I'm supporting Chennai Super Kings.....my shirt is due to arrive in the next few days (leading IPL run scorer RAINA).





Discuss the IPL here...............
Posted at 08/7/2011 10:03 by golly blackwell
Exactly. I think (as per teh above) our 'ticket' price is under £80.
Posted at 06/7/2011 13:27 by grahamite2
#9396 teh owners only paid $286k two years ago so I think they were optimistic hoping for $435k.

Of course, when teh market does get going again they'll get their price easily, but it might be a herder slog than one had hoped.
Posted at 05/7/2011 10:10 by michaelg1
#9167 see #9166. Looks like that any north/south price differential is an urban myth these days. Especially thanks to teh influx of BBC PC quares recently.
Posted at 05/7/2011 10:06 by white fox
Mikey, you have been known to bemoan the price of drinks in London. I think Golly was referring to that rather than calling you a tightwad per se.
Posted at 21/6/2011 14:37 by golly blackwell
Dear Golly,


Your Olympic Games ticket application.
We would like to thank you for applying for London 2012 Olympic Games tickets.
Due to the overwhelming demand for tickets, we are sorry that you have not been allocated the tickets you requested. We can confirm that we have not taken any payment from you.
Demand for tickets greatly exceeded supply in the sessions and price categories you applied for. Where sessions were oversubscribed, we undertook a random ballot to allocate tickets in the fairest possible way. We had applications for more than 20 million tickets, seeing huge demand across many sports. Two-thirds of all price categories were oversubscribed and went to ballot.
Exclusive opportunity
We would like to invite you to take advantage of an exclusive opportunity to purchase some of the remaining tickets, in advance of those customers who were allocated tickets in the initial application phase.
From 6am on 24 June until 6pm on 3 July 2011 you will be able to request some of the remaining tickets on the London 2012 ticketing website
These tickets will be allocated on a first come, first served basis. They cover a great range of Olympic sports including Athletics, Basketball, Football, Handball, Hockey and Volleyball. Download the full list of available sports
During this second chance sales window you will only be able to submit one application, and you will be able to apply for a maximum of three sessions. Once you submit, you will receive an email confirming your application. We will then advise you which tickets you have been allocated within 24-48 hours, subject to successful payment. All payments will be taken between 4 and 7 July 2011.
We very much hope you will take advantage of this exclusive ticket offer so you can still be a part of the greatest show on earth.
If you have any questions regarding your Olympic Games ticket application, please visit our Frequently asked questions
Thomas Cook Games Breaks
As the official provider of short breaks to the Games, Thomas Cook still have a limited number of Games Breaks available. Thomas Cook Games Breaks start at £99 per person and include official tickets, accommodation in London hotels and a range of other services. Find out more on the Thomas Cook website
Best wishes
The London 2012 Ticketing team

Be aware
Please be vigilant if attempting to purchase London 2012 tickets from sources other than www.tickets.london2012.com and ensure you are buying from an authorised outlet. A full list of authorised ticket resellers is available here
Posted at 13/4/2011 13:08 by white fox
#1632 I believe it is because the PRM share price is going up and therefore the deramper gang are sitting depressed in a darkened room.
Posted at 08/4/2009 14:13 by blue85
union + anyone else that has not seen this (from WShak on MF) - this is what is was referring to linking to your board for future reference. v good piece of research



"Setting the scene for my conversation with IPL this morning, I'll first put forward an e-mail sent to them by me last week:

Thanks for the detailed reply.

Given your confidentiality agreements, I concur that it makes little sense for me to be taken inside.

I'll give you a call later in the week to discuss this further if you don't mind but in the meantime, I'd just like to put on record the criteria which my group would like to see in any potential merger.

1. Liquidity in the enlarged group's shares to be greater than that of IPL.
2. Significantly greater upside in the share price of IPL than that reflected by it's cash NAV. Given that current IPL shareholders could double their money if the company entered voluntary liquidation, it strikes me that any potential deal which involves risk should generate considerably better returns.
3. We don't end up merely inheriting another company's poor market rating for it's assets - by this, I trust that our cash will add significant value to the enlarged group and the market will likely recognise this.

From what you've written below (and our previous conversations!), it sounds as though we share similar ideas on the future of IPL so probably little reason for me to worry.

At the time of writing, I had no idea that cash per share would be 49p so that's obviously a very pleasant surprise, albeit one that I hoped for if the insurers decided on a cash settlement for the blow out rather than re-drill. The actual cash settlement is far higher than even I had hoped for though.

Insurance Payout

A cash settlement for a re-drill is apparently a pretty rare event but seems to have been considered to be the best solution since IPL were under time constraints from the insurers to re-drill but the insurers were on the hook again if there were further problems. A silly situation.

The insurers' involvement was also complicating talks on possible farm-outs and that obstacle has now gone. IPL can now take it's time about farming down, armed with a load of geographical data from the first well, and any JV would presumably drill a wider hole this time. From my talks with IPL this morning, an ideal result would be for a farm-in partner to pay for the full cost of the re-drill , giving IPL a free ride, although there can be no guarantee that this will materialise. Costs are down drastically from last year and a new well could probably be drilled for much less than before.

There should be few worries over the receivable due from the insurers since it is a consortium of household names. A small point, but an important one in current markets.

Future Corporate Transaction

IPL is in an incredible position in the current market and, as my e-mail indicates, I don't want it wasted given that I own about 2% of the company. I don't think IPL's management will do that given my conversations to date. The insurance thing has held things up until now since any potential partner clearly needs to know how much is going to be in the pot from our side. It is absolutely crucial that the merged company is fully funded and there is no chance of having to return to the market in the current environment so the $38m that we have has to make a material difference. Given the number of distressed assets out there, $38m could transform the balance sheet but the focus must be on quality. This is just my view now, but I firmly believe that any deal must offer significantly more upside than 49p in order to get done, otherwise we may as well hand the cash back. That shouldn't be difficult since there are companies out there now trading at $38m which were trading at ten times that price less than a year ago. I'm comforted by IPL's management in this regard, who have had a history of distributing cash to shareholders in the past and have shown themselves to be honest and highly competent. This isn't your typical AIM company looking to fleece its shareholders.

I don't get the impression that IPL want to "punch above their weight" in the current market and put their own funds back into the ground in Oman, no matter how good the prospects are - a farm-out is much more preferable. The length of time that it's taken to sort out the insurance claim has actually worked in their favour since drilling costs have dropped and O&G assets have plunged in price. Given management's attitude, I still think an outright takeover is on the cards given that any potential farm-in partner in Oman could pick up the company for little more than it's cash balances.

Today's announcement has already shown that the share price in recent months has been a complete nonsense but it remains just as much so right now. I had been counting on $23m + free re-drill at JH, now we have $38m and free to farm down.

It should be an exciting few months.

:o)"
Indago Petroleum share price data is direct from the London Stock Exchange

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