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|Oil & Gas Producers
Independent O&G Share Discussion Threads
Showing 4851 to 4875 of 4875 messages
|I really like what IOG is trying to do. As you know, I'm just a bit concerned about the financing to get to be a producer.How much is the total capital cost of getting Vulcan on line ? No drills are needed, iirc, but pipes, tie backs and reconditioning the admitted cheap pipe.Some estimates would help. Anyone any idea?Thanks|
|Interesting RNS today - good for them.|
|So today's rns staff are happy to take shares at an average 20% higher than today's so.Imho these are a mid/long term no brainier.|
|Can sell 10k's worth at just over 15.4p someone wants your stock.This could be the bottom.|
|This is why I am staying put & have added 3 times this week.
This acquisition is of great strategic importance as it provides an export route for the Company's SNS gas development portfolio which IOG has acquired at low cost, mainly due to concerns over the ability to export the gas. Ownership and recommissioning of this pipeline will solve this issue, providing a direct export route for the Company's gas assets into the UK market. By owning the gas assets and the export route 100%, IOG will benefit from clear control over the entire process from field to market. There may also be potential for third parties to use the pipeline in which case IOG would benefit from tariff income. This strategy is fully supported by the Oil and Gas Authority ("OGA"), is in line with the Maximising Economic Recovery principles and is incorporated in the draft Blythe Field Development Plan submitted to the OGA in December 2016.
By owning the pipeline, the Company will incur no transportation tariffs, thereby further improving the economics of the SNS gas assets. These developments will also benefit from recent stronger UK gas prices. The Company will need to agree and pay processing tariffs to the terminal operator in the normal way. There will be ample ullage through the pipeline and the terminal has capacity to receive in excess of 400 bcf of gas at rates up to 200 MMcfd for more than 20 years.
This pipeline will be the cornerstone of our Southern North Sea portfolio which, subject to remediation, will enable us to deliver our approximately 0.5 trillion cubic feet of gas resources to the UK market. During a period of relatively low gas prices we have bought, at very attractive prices, quality assets which were considered effectively stranded. Subject to completion of the acquisition, full ownership and control of the export route creates significant value for the Company, especially given the recovery in UK gas prices. Owning our gas portfolio and export infrastructure 100% will enable us to accelerate both the development planning and funding processes.|
|Yes, I agree to some extent but I have this feeling that many PIs here (and they are the main owners & traders of shares) don't fully recognise the downside risk of large amounts of debt with no production.
When Mark Routh did the CH4 gig before IOG, I think it was pure production with no exploration. Skipper was a bad move in hindsight and one that stretched IOG's debt a long way before even thinking about Vulcan, etc.|
|Trouble is Cinques all small oilers have to start off with debt if not they wouldn't get anywhere....
You pays yer money yer takes yer chances, if not stick it under your pillow or into a bank & get 0.5% interest.
With funding brings on the rise & the gas!!!
Pipeline news next month funding soon after & bigs rise to follow.
Have a great weekend to all & feel like 15p is the bottom as Shabi stated & I ignored him!!!|
|Nope, there's a lot of debt already and more to come... the share price will have trouble moving forward for a while and faces the risk of moving backwards as equity investors start to realise how marginalised (by debt) they are becoming.
Look at what too much debt does to companies... it's not like we're short of examples.
Just my point of view.|
|Also importantly their strategy has the full backing of the OGA.|
|Yep funding will not be an issue....|
|Latest on funding.
Funding discussions are progressing well in parallel with the technical work and we are pleased to have a number of large institutions interested in partnering with us to deliver these substantial gas resources to the UK market."|
|Cinques that is why it is sitting at 15pOnce they have sorted funding out you won't be able to buy anywhere close to 15p|
|PS. IOG had its bit of fun as an 'explorer' with Skipper on a 100% basis (madness).
Now it has the Skipper hangover to get over and it also has to find the money to deliver production. That's big money needed for a tiny company.
Perhaps they're busy looking through the Exchange & Mart subsea equipment section.|
|So the Skipper drilling debts have to be paid or refinanced sometime in 2017, iirc.
The 'new' pipeline needs to be restored.
Platforms, subsea stuff, tiebacks, etc, need to be paid for (somehow) and installed.
There is already a load of debt owed to LOG.
Getting to production is going to cost a load of moolah and it has to come from somewhere. It won't all be equity as equity alone isn't enough, so there will be debt (in its many different guises) and a placing, imho.
The company, sadly, gets riskier with every step it takes because of mounting debt. That's the way it has to be.
Once debt & placing is sorted out and production looks more certain and closer, then the risk will abate and that's the time to invest heavily here, imho.|
|Lose some and win. It's was obvious will retest 15p was not a de RAMP attempt. Best news should take above 20p Another North Sea oiler iae good call easy £150 to £170 on cards. Slow but will achieve it|
|Well shabi you called it right here and I should have listened....but more that hap to hold and have added below 15.5pBe lucky to all|
|Little one trade at open...A buy signal or me just topping up you decide.|
|I topped up here this afternoon........Blue Friday anyone.|
|Ok now....buyers see a bargain at 16p let's stop this madness and have a bit of blue.There are some real dog stocks out there and they are flying, this is a solid co with a very good future ahead.|
|Once they get the pipeline signed off they can accelerate funding!! Stated in the rns.Imho funding will not be an issue at all after yesterday's rns, upon funding rns you won't be able to buy these below 25p imvho.|
|Chesty in iogLet's see how it resolves the problemRisky if finance not sorted. Long hold for now until the end.|
|£1.10 a share would do for me short term lol.|
|finnCap retains tp of 110p!
Love to see a copy of their research notes.|
|well finally we have an explanation of sorts for the confusion on the Skipper oil API...
The oil has a high density of approximately 11 degAPI, a high viscosity and a high Total Acid Number. However, the Skipper oil is mobile in the very high permeability reservoir and is also mobile at ambient conditions thanks to its very low wax content. (from the RNS)
maybe it will be useful for filling potholes ;~)
good news re the pipeline acquisition though|