Iog Share Discussion Threads

[edgar222] 01/2/2022 13:21

IOG mcap is £188.6mAssuming production of 60-70mmscf/d from Blythe/Elgood at current gas prices thats an income of approx £1m per day net to IOG.That income may double if Southwark flows as expected (summer 2022).Bond due for repayment 2024 but the plan was to tackle that from income at 1/4 the level of the above (gas price at 45p at FID).Assuming first gas confirms production rates of 60-70mmscf/d or a plan to quickly get there what should the market cap be?Just on a cash in bank basis it will have to double surely, before future revenue is taken into account?

[anley] 01/2/2022 12:27

Warren Buffett will take in IOG - as and when.

Try another deal.......

[alxo82] 01/2/2022 11:47

KIST will still have plenty of cash after signing this purchase, as its effect date is 1st of January. Andrew Austin already tried to buy IOG at RockRose, maybe the time to close the deal could be now, but I think a merger would make more sense than a acquisition due to the large 2C/2P reserves accumulated by IOG

[sludgesurfer] 31/1/2022 12:03

Interesting announcement from Kistos today. Purchasing more gas assets.

[aimmafia] 31/1/2022 08:41

If you have not checked out #cgo then you are missing a massive opportunity - I called #ben at 13p and its now 40p - CGO is just 6p now and will be multiples higher in a matter of weeks / months.Contango holdings will be producing met coal in just 60 days!! - up to 800% upside in just 2 months - production starts in less than 60 days. CEO said last year in March earnings would be $12m PA on our met coal asset and that was before coal TREBLED in price. When we start production in 60 days Cgo will have earnings of up to £30m PA with just our coal assets which will take us up to £200m Market cap. So around 50p share price on coal alone without coke batteries!!! We have enough coal to run for centuries!! Around 1.6 billion tonnes of coking coal!!This is not including income from our Coking batteries which are starting to be installed in April this year! We also have our gold assets which are not even factored in!!Incredible value here! You have seen what Ben's creek did, now it's time for #cgo to do the same. Now is the time to buy. Buy at the bottom and watch this rise.

[cb7] 31/1/2022 07:51

anley - a typo error? its 23000 bopde, not 33k. However the calculation afterwards is correct, as it uses 23k.

[bountyhunter] 30/1/2022 10:38

Good question anley and that could be the outcome especially after the gas is flowing.

[edgar222] 25/1/2022 18:51

Thanks all.224p per therm is 6 times the price at FID.

[wskill] 25/1/2022 15:13

I just google( ice uk gas)

[edgar222] 25/1/2022 14:28

I have struggled to check gas prices. Is there a website that is reputable/reliable for daily checking?It is probably me but I would be grateful to know where to go.

[flyer61] 25/1/2022 10:11

Have you checked the spot price of gas….explains a lot about todays price action.

[officerdigby] 25/1/2022 10:00

The CEO can seemingly donno wrong in RNS's to market!Every delay is rewarded with heightened expectation.

[bbluesky] 25/1/2022 08:53

Dunderheed. The biggest project you have ever been involved in was clearing out your garage? (Probably unfinished too!)

[dunderheed] 25/1/2022 07:44

Wsk you are not missing something matey.
Total cluster f.

[wskill] 25/1/2022 07:22

Another few weeks then its like pulling teeth getting anything out of management,poor is about all I can say we are better informed by west African based companies. Another one for the bottom drawer very little room left in there.

The original sea bed survey must have been a copy and paste job surely if it had been done properly these problems will have been flagged up tides are a known effect to drilling. Or am I missing something.

[wskill] 20/1/2022 19:10

All offshore works have been completed the hiatus is with the reception facilities at Bacton I believe, early weeks seem to be dragging on cannot blame this one on Noble.

[maxidi] 18/1/2022 16:50

The workers on those rigs must be absolutely frozen, not that that's an excuse for these hold ups!
Just a thought...

[bountyhunter] 18/1/2022 13:42

It's pretty much anytime really with anytime now a possiblity depending on your interpretation of "early weeks" as you say.