Iog Share Discussion Threads

[bountyhunter] 18/1/2022 13:35

Lol, your guess is as good as mine on that one in what it might mean to them? Hopefully not another get out of jail free card! To me early weeks of 2022 means within the first month or so with the emphasis on January. The last RNS on this was 5 weeks ago and stated "final pre-First Gas commissioning activities are now expected to carry over into the early weeks of 2022" so surely "final pre-First Gas commissioning activities " shouldn't take much longer if that was all that remained left to do? Don't answer that one! ;)

[dunderheed] 18/1/2022 13:29

Agree BH re last para but, what on Earth does "early weeks" (last RNS) actually "mean" FFS?!

[bountyhunter] 17/1/2022 21:26

On the plus side Boris is pre-occupied with party-gate and no.11 do seem against such a tax and have rejected Labours calls for it in the past, so imo would be expected to continue to do so. On the negative side Boris is looking for as many distractions as he can find but my money is on no.11 winning on this one.
Meanwhile first gas could be any time now surely? There didn't seem much left to do!

[itsriskythat] 13/1/2022 09:55

Good article. Talking some sense. I think unlikely to get a windfall tax if No 11 is in charge.

[papillon] 10/1/2022 13:44

Flyer61? Conspiracy theorist! 🤣

[bountyhunter] 10/1/2022 13:32

Nadhim Zahawi, the education secretary and a former oil industry executive, told LBC radio: “What Labour are putting out just doesn’t add up. A windfall tax on oil and gas companies that are already struggling in the North Sea is never going to cut it.”

[edgar222] 10/1/2022 11:52

And what mcap at 3 x 95m Ebitda (to reflect actual gas prices).

[dilip40] 10/1/2022 11:49

WHAT MULTPLE WOULD BE THE MARKET CAP AT EBITDA OF £95M

[flyer61] 10/1/2022 10:04

Exactly, gets the price lower to allow the ‘mates’ in…

[itsriskythat] 10/1/2022 08:45

Anyone interested there are some comments from Jonathan Wright, Director of research at finnCap, broker to IOG ..

"Current guidance for first gas from the Southwark field is mid-2022, but this may be at risk. A three-month delay would cut our 2022 EBITDA forecast by around 16% to £95m, although this forecast is based off an 80p/th gas price for this year versus an average forward UK gas price of nearer 200p/th."

"We believe the frustrations at the slippage from Q4 of first gas and these additional drilling delays should melt away once the Blythe and Elgood fields come onstream into a rampant UK gas market in early 2022."

[geordie99] 10/1/2022 08:32

I suspect it won’t be at the company’s cost

[itsriskythat] 10/1/2022 08:18

What will the overrun in the cost of drilling the Southwark well look like by the time it comes on stream?

[geordie99] 10/1/2022 07:53

Jeez, they have certainly hit enough back luck to suggest it’s more than that….

[bountyhunter] 07/1/2022 10:51

20% on business energy bills, thanks for the clarification yes 5% for domestic.

[bountyhunter] 07/1/2022 07:40

Yes but Sunak rejected that at the time of the autumn budget statement so the same arguments against still apply. More recently there seems to have been more talk of cutting VAT on energy bills which makes sense to me since as things stand the Government have had increased tax receipts from producers via the 40% taxation already in place. With 20% VAT on energy bills the Government is currently taxing gas and electricity twice at 40% then 20%, a whacking 60% which with sky high gas and electricity prices means the treasury has been raking it in!

[flyer61] 07/1/2022 06:50

Have been following as well BH. Do you want to add the factor this is above 45p per therm?

Still our leftist leaning politicians are calling for a windfall tax.

[bountyhunter] 06/1/2022 22:20

ICE NBP Nat Gas

LATEST TRADE 240.82GBP

TODAY'S RANGE
224.30 - ;240.95

52 WEEK RANGE
38.60 -  470.83

[bountyhunter] 05/1/2022 18:08

ICE NBP Nat Gas

236.39GBP
CHANGE

19.82(+9.15%)

Looking cold again tomorrow.

[marvelman] 05/1/2022 15:09

Sounds like a perfect acquisition for IOG..good luck Geordie...good research

[geordie99] 05/1/2022 14:45

All fair points, but a rising tide lifts all boats and HHR is only a 1/10 of the market cap of IOG

[wskill] 05/1/2022 10:25

Hi geordie99 I can see the blocks that HHR.ASX own ,they will need to raise some cash soon with only $5m Aus cash on the books to start developing probably a good time as any for a cash call with gas prices what they are .Lots of shares in issue with rights and options around 2 billion,with management owning 31% and institutions with 63% worth looking at.

Did look at buying a few but my broker requires a minimum spend of £10,000 .