Share Name Share Symbol Market Type Share ISIN Share Description
Independent O&G LSE:IOG London Ordinary Share GB00BF49WF64 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.00p -5.13% 18.50p 18.00p 19.00p 19.50p 18.25p 19.50p 2,324,260 16:23:34
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 5.3 7.4 2.5 20.21

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Date Time Title Posts
25/4/201721:22Independent Oil and Gas - E&P on UK Continental Shelf1,764.00
20/8/201609:24IOG failed to add extra resources to the Skipper project1.00
17/7/201414:45CFO and CEO of IOG live on TipTV-
14/5/201009:02Island Oil and Gas plc3,421.00
16/5/200612:26Island Oil & Gas1.00

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Independent O&G Daily Update: Independent O&G is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker IOG. The last closing price for Independent O&G was 19.50p.
Independent O&G has a 4 week average price of 15p and a 12 week average price of 13.50p.
The 1 year high share price is 38.50p while the 1 year low share price is currently 11.50p.
There are currently 109,268,163 shares in issue and the average daily traded volume is 662,258 shares. The market capitalisation of Independent O&G is £20,214,610.16.
ua36: Hi Sleveen, I think the most positive aspect is that in the murky world of AIM O&G you're typically waiting on a 10% CoS drill in order to get big returns. Here - the majority of the assets are well defined (Harvey appraisal aside). It's whether or not the finance can happen which I think, in comparison with crossing your fingers and preying your drill bit hits the correct piece of rock, is a much more sensible risk if you're an investor vs. a gambler. It's very reminiscent of what Ithaca have just done with Stella, appreciating that is an oil asset. Ithaca in general, size wise, is a decent analogue of IOG's potential I think. Still big risk here though. Hence the share price.
twodegrees: the two trades of 200000 because of the timing looks like a roll over to me. This would be way the share price did not tank....I may be wrong.
ua36: You're keen Chesty! To be fair - the "market" expects the pipeline RNS to come so in my view I'm not sure that will have a biblical impact on the share price. When they announce how the development will be finance on the other hand... as long as it's not onerously dilutive (and with the directors having massive holdings they are certainly aligned to avoid that) then that's when the serious share price gains should happen. Of course, if they struggle to get the development finance completed then serious trouble.
ua36: Inc. Harvey IOG have around 500Bcf as far as I can see. Harvey needs drilled though so I'd discount that from the valuation at the moment. Exc. Harvey, IOG have around 377Bcf (also exc. any upside at Blythe from deeper reservoir). That's around 3.8billion UK therms. Wholesale spot price at the moment around 45p which looks to be around the 10 year mean. Factor £800million+ development costs for two hubs (regardless of payback method, appears they are looking at a model where contractors are paid back via a tariff once in production) using the same export pipeline. Exc. Harvey, if they can pull it off (let's be honest, it's a massive task with several uncertainties hence the share price), there's certainly several hundred million pounds profit here. If they pull off Blythe and Vulcan and then Harvey comes in too (I would imagine they would wait to drill until after the initial hub in in production and they have revenue to pay for drilling) - then that adds another £500million potential (you need to factor in the development costs also but cheaper subsea tieback to existing infrastructure at that point). Given the majors switch towards gas I think IOG has a pretty decent portfolio and is worth a sensible punt at these levels. All about securing the financing though which is always the case with these microcaps, do that and several multiple returns from these levels looks easily achievable. Excellent board though who've done it before and the LOG convertible loan apart (necessary evil at that time from what I can see), they've certainly not been ones to dilute in order to fund their summer holidays which is normally the case!! Personally I'd give Skipper value of zero until the oil market shows a prolonged (years) of oil price recovery at $60+.
bountyhunter: rereading the RNS I agree with sleveen, i.e for each 18.23p of salary due they get 1 share instead, and must exercise within 5 years when the price is above 1p. so still indicates confidence in the future share price in my view or why take the risk when the price is currently less than 18.23p at 17p
edgar222: I am actually less worried about share price fluctuations than I am about them sorting the pipeline. As I understand it the entire plan depends on the "route". So while sorting that out should be good news and the share price go up, who the hell knows what the share will do in the short term? Am hoping to switch some AEX winnings into here but awaiting an RNS there too.
chesty1: Cinques I cannot even guess the answer to that ? Taken from LSE though which is a very solid post & much better than I could do. up this is just the beginning: 1) Confirmation of the Vuclan deal was the game changer and accounts for 66% of the portfolio with gas prices rising its becoming more and more profitable. Our gas portfolio is now estimated at nearly half a trillion cubic feet of P50 resources, or more than 82 million barrels of oil equivalent ("MMBoe"), 2) export route – route confirmed with deal to be concluded shortly for minimal cost and also means as we will own the pipe, making export costs even cheaper and more profitable 3) producing asset could land at any time with cash to buy any suitable opportunities arising 4) Fincapp broker target set at £1.10 5) Finance is on the way and the board are fully aligned with us shareholders to get the money raised for production. 6) Skipper field is now priced out of the stock. The board have confirmed its going to be tough but still viable. Its less than a 3rd of the portfolio. 7) Draft FDP with the Oil and gas authority 8) Board are fully aligned with shareholders, even more so this week with the announcement of further salary sacrifice for additional shares. Not to mention they stumped up the cash to keep this going in the tough times over a year ago. 9) RNS 16th Dec. 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." 10) in the words of the CEO in his last interview "just watch us" Fincap extract Independent Oil & Gas PLC using EPIC/TICKER code LON:IOG has had its stock rating noted as ‘Reiterates217; with the recommendation being set at ‘CORPORATER17; today by analysts at finnCap. Independent Oil & Gas PLC are listed in the Oil & Gas sector within AIM. finnCap have set their target price at 110 GBX on its stock. This now indicates the analyst believes there is a possible upside of 633.3% from the opening price of 15 GBX. Over the last 30 and 90 trading days the company share price has increased 1.3 points and decreased 11.4 points respectively. Independent Oil & Gas PLC LON:IOG has a 50 day moving average of 16.68 GBX and a 200 Day Moving Average share price is recorded at 18.22 GBX. The 52 week high for the share price is currently at 38.22 GBX while the year low stock price is currently 3.75 GBX. There are currently 106,810,893 shares in issue with the average daily volume traded being 939,526. Market capitalisation for LON:IOG is £15,786,650 GBP. Independent Oil and Gas plc (IOG) is a development and production company. The Company is engaged in the exploration and development of oil and gas opportunities in the United Kingdom North Sea. The Company owns approximately two traditional licenses and over two promote licenses all in the North Sea.
tidy 2: Why invest in IOG !!Just a copy and paste but makes a very convincing argument as to why this is a share to be aligned with !!Why invest in IOG?Significant value upside• Current market valuation is deep discount to net asset values• Broker valuations are multiples of current share price• Upcoming catalysts include Skipper well, SNS seismic reprocessing, funding progress, CPRs, FDPsClear strategic focus and value-driven approach• Focusing on delivering growth and creating value in the North Sea• Vulcan Satellite acquisition provides scale at very attractive metrics (53.5mmboe at $0.22/Boe)• Working up low-cost infrastructure and export solutions to de-strand assets and create strategic hubs• Keeping costs low both on asset entry and development to maximise shareholder value• No partner dragBuilding genuine scale• Building up combined 2P reserves + 2C resources of 100mmboe (upon Vulcan Satellites completion)• Now working on moving this resource base into 2P reserves• Seeking further value-adding acquisitions in the North Sea, including production dealsHighly experienced and well aligned board and management team• Excellent board and management alignment with shareholders – holding 34% of shares• Focus on minimising future dilution as much as possible• Successful track record of delivering value in the North Sea gas business (CH4 Energy 7.3x return)Progressive financial strategy• Fully funded G&A out to 2018 and good access to capital with strong financial partners• Developing innovative funding strategies to take advantage of industry downturn• Excellent working relationships with financial institutions, contractors and regulators Also VSA are not the house brokers so there valuation of IOG is not just based on promoting the company for there own benefit £1.24 per share50,000 bopd target from current assets and more acquisition advanced
cautoussid: still some sellers as well as buyers ,some of the people who bought at the lower prices of around 6p in March or even around 14p in May may be top slicing some profits if they looking at chart movement ,also this share price currently how patience can pay with a share with share price having moved up to around 34,75 before starting to drop slightly to current share price
dukedosh: ........Darwin Subscription (the "Subscription") Over the course of the 36 months following Admission, the Company may at its sole discretion, instruct Darwin to sell Subscription Shares and redeem the Subscription Notes (subject to certain conditions, further details of which are set out below). Accordingly, the arrangement provides a flexible means of accessing further equity financing to support the continued development of IOG's assets, while benefiting from any increases in the IOG share price that may be realised during this period. ....... Joan of Arc, what this means is that the stock will be sold into a share price rise with volume therefore killing upside until the selling is done.
Independent O&G share price data is direct from the London Stock Exchange
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