Iog Share Discussion Threads

[bountyhunter] 18/3/2022 15:13

and thanks to the gas price being way above the anticipated 45p/th, currently 245p/th

[fardels bear] 18/3/2022 12:53

My feeling is that the progress has been made despite the management

[edgein] 18/3/2022 12:31

Good lord you fellas are a bit ruthless on the management given the share price performance here over the last year and the fact that they've successfully brought on two gas fields.

Regards,
Ed.

[dunderheed] 17/3/2022 23:07

Yes main reason being sqz have decent management team in place, perhaps?

[officerdigby] 17/3/2022 20:13

Just comparing initial flow reports by SQZ on say Rhum

R3 was reported as producing on 02/09/2021 and in that RNS that stated firs production was achieved on 23/08/2021 and in the 7 days they got the optimisation right.


OK no reason to think IOG take any longer or shorter than this... Thoughts?

[itsriskythat] 17/3/2022 18:09

Checked, but production database is only up to 14th March and no Blythe data yet. But good idea to check again in the next few days and weeks.

[dunderheed] 17/3/2022 17:47

BH, ask almsivi over at SQZ - he'd certainly know!

[bountyhunter] 17/3/2022 17:13

In both, fortunately Serica have a bigger boat with no holes in it. No doubt in the small print a takeover would crystallize today's options so management are probably hoping for one. Could CalEnergy take on the role of operator if Buffet was tempted while the price remains depressed?
I'm wondering if with BP buying production from Monday this week the daily volumes may be logged somewhere (Oil & Gas Authority?) and available in the public domain before IOG bother to tell us "mid-year", maybe here...

[allstars001] 17/3/2022 16:52

Did say this wasn't going to go much higher after first gas production.. in fact its dipped..Jump over to serica boat ?

[marvelman] 17/3/2022 16:34

It beats me how they justify these "incentives" to do their very well paid jobs.

[marvelman] 17/3/2022 16:31

Well Serica have the money to buy them if Hathaway would let them. A much better management team to work with...otherwise anyone...please

[fardels bear] 17/3/2022 14:42

I tried to buy some just before but failed. Just because I don't trust these snoutys and I don't think they are competent.

[marvelman] 17/3/2022 13:32

Being cynical now means we will never be quite as disappointed as we have tended to be in the past with this BOD Flyer

[flyer61] 17/3/2022 13:29

Cynical for. One so young Bountyhunter! But you are probably right…

[bountyhunter] 17/3/2022 12:42

ICE NBP Nat GasNGLNMc1
LATEST TRADE

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20.19(+8.38%)

It's a pity we don't have any indication of how much gas we are producing yet although my guess is that expectations for initial flows have at least been met, as if not they would have told us before awarding the new options making target prices for the options lower and so easier and quicker to reach!

[marvelman] 17/3/2022 10:21

anley...I would not be surprised if they were already "sorting out" the Balance Sheet...if you know what I mean.

[dunderheed] 17/3/2022 10:07

Absolutely bh, flattened rates mid year (??!!) f off. They don't want to proffer estimates simply because they get more wrong than right.
Cheers MM appreciated matey.
I do get backs up but say it as I see it regardless of whether I hold or not.
All IMHO and best of luck all.

[bountyhunter] 17/3/2022 09:41

I think they wanted to get there share option awards in first. That way assuming flowrates meet expectations they could be half way towards their new 3 year performance targets in half an hour!

[officerdigby] 17/3/2022 09:38

I'm stumped as to why this is not ATH.but there you go love and learn.Sounds like ultra conservative on initial flows. And gradually ramp up..Open the taps.

[bountyhunter] 17/3/2022 09:35

Agreed Mm, some of us have been following IOG for many years so have a 'seasoned' perspective, not to say that IOG won't make shedloads of cash but there have been and continue to be many twists and turns along the way! Initial flowrates are important and I don't think we should have to wait until 'mid-year' for an indication of those although I will continue to hold as plenty of news to come.

[alxo82] 17/3/2022 09:34

the company has increased 1P reserves a lot in Blythe and Southwark

[marvelman] 17/3/2022 09:25

Dunder...you often have strident views of this company and you justify them clearly and well. I,for one, hope you will continue posting even if you do sell. Quality posters are a rare breed these days.

[edgar222] 17/3/2022 08:49

From the final results. First payment for phase 1 gas contractually due 20th April 2022. Production guidance due "mid year".