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
  -10.75p -39.09% 16.75p 16.00p 17.50p 23.00p 13.00p 23.00p 8,736,867 15:41:25
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 5.3 7.4 2.3 15.93

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Date Time Title Posts
01/10/201600:12Independent Oil and Gas - E&P on UK Continental Shelf1,206
20/8/201609:24IOG failed to add extra resources to the Skipper project1
17/7/201414:45CFO and CEO of IOG live on TipTV-
14/5/201009:02Island Oil and Gas plc3,421
16/5/200612:26Island Oil & Gas1

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Independent O&G (IOG) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
30/09/2016 17:15:0516.70217,08936,253.86O
30/09/2016 16:25:0816.6514,9482,488.84O
30/09/2016 16:24:5116.0020,0003,200.00O
30/09/2016 16:18:0416.4520,0003,290.00O
30/09/2016 16:17:2716.4024,3903,999.96O
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Independent O&G (IOG) Top Chat Posts

DateSubject
30/9/2016
09:20
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 27.50p.
Independent O&G has a 4 week average price of 28.26p and a 12 week average price of 25.07p.
The 1 year high share price is 38.50p while the 1 year low share price is currently 3.75p.
There are currently 95,121,680 shares in issue and the average daily traded volume is 650,861 shares. The market capitalisation of Independent O&G is £15,932,881.40.
30/9/2016
23:55
apfindley: Only one direction for the share price and thats downwards.... Towards where it was before this nonsense was pumped. Same as other pumped stocks.Lot of people in denial that the pumpers got yet another one wrong.However, the pumpers have already taken their profits off the table, by selling to those still invested.This IS a DUSTER. If not, then it will be very expensive to extract the heavy low api tar using steam injection. Sell up and move on
13/9/2016
09:52
cinques: Good Morning Rutter, Hope you're well. I've gone to black rather than blue so I cant direct message you, but hoping all is well for you in Spain. Next news up here includes: (i) more detailed results of oil samples from Skipper and likely impact on resources/reserves and Capex, and (ii) confirmation of Vulcan gas acquisition. Various other development and licence noises will be made too at various points. Personally, I don't see either of them [ie, (i) & (ii) above] making a huge impact on the share price, but I do see a steady well-managed business heading towards development. The development will be costly but hopefully it will be heavily debt backed. One small issue for me with IOG is the extent of LOG's convertibles and the terms they were granted. The Market Cap and a bit of debt isn't the whole story as so much of the loan is convertible at a favourable rate and the interest coupon is convertible. It just takes the edge of this one a bit for me, but I'm sure IOG will do well regardless. All the best. PS I completely missed out on HUR recovery :-(
31/8/2016
11:07
tidy 2: 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
26/8/2016
17:21
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
18/8/2016
11:24
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
17/8/2016
12:30
tidy 2: Good target price from VSA CapitalVSA Capital increase Independent Oil and Gas Plc share price target to 124p #IOG https://t.co/2iSVnhpWCa
11/8/2016
09:13
anthony16731: Naughty.Maybe not ;-)Between now and early 2018, IOG are looking to turn about £500m of ("in the ground") assets into production.That won't be a smooth linear process, but there is genuine potential to stick with it and see a transition from 30p to 200p plus in the fullness of time for the savvy investor.Short term we are still expecting the Skipper results themselves to show upside from:1) recovery rate from the main field2) the discovery under the main fieldPlus completion of Vulcan which doubles their assets (2C) so why not the share price.Not the time to be selling!!
25/6/2016
16:31
anthony16731: Afternoon all,My only comment on BREXIT is that we need to look forward now, not back. In a post BREXIT world, the North Sea is an even more important asset to the UK, and IOG are holding up their hands to take centre stage.Next week at least two things are going to happen:First the acquisition of Vulcan Satellites is expected to complete on the 30/6, and as with Blythe we will get an RNS confirming so. The acquisition of Vulcan has so far not been reflected in our share price but when it is confirmed as acquired I expect that it will. This acquisition DOUBLES our 2P+2C resources overnight. I'll say it again - DOUBLES.Second Skipper had paperwork submitted for 5/7 drill. You can see this via the DECC site. Next week therefore we should see that date and schedule confirmed and indeed boats and rigs may even start to mobilise towards the end of the week. This is now an almost IMMEDIATE, SHORT (22 days) LOW RISK and HIGH UPSIDE drill which should transformation of our oil resources categorisation, valuation and route to production.As I say big week ahead. I'd love to see this finally get the attention and material gains to share price that we know are overdue.
20/4/2016
11:55
anthony16731: Laser,HUR is a really good example to pick for folks to look at. As you say this has a larger oil field and is on the cusp of taking it into production. It's just raised a huge sum of money at a near 50% premium to the share price (so dilution of shares doesn't always devalue them -especially when it's turning on production capability).In terms of value it becomes harder because of all the different variables. They are much further down the line than IOG - already have an mcap of £85m and I think as production approaches will be worth much more (as it will become much more geared to the crude price than it is today). From what I read I think the costs of getting to production on HUR are significantly higher than the estimates I've seen for IOG and this will come to bear on HUR. I'll take a closer look and post more.
06/6/2014
09:22
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.
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