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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
  +0.375p +2.31% 16.625p 16.00p 17.25p 17.375p 16.25p 16.25p 753,138 15:26:24
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -21.4 -23.2 - 18.17

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Date Time Title Posts
21/7/201716:06Independent Oil and Gas - E&P on UK Continental Shelf1,932
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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DateSubject
23/7/2017
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 16.25p.
Independent O&G has a 4 week average price of 12.50p and a 12 week average price of 12.50p.
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 750,056 shares. The market capitalisation of Independent O&G is £18,165,832.10.
14/7/2017
19:13
cinques: Hi Sleveen Anyone taking the opportunity to read through the annual report will realise that this company operates on a financial knife-edge. The company has openly stated that it will have to raise more equity, obtain additional loans and arrange contractor finance to make a go of the hub strategy. That's in addition to converting a load of creditors into equity - which will help to suppress the share price as those new shares are released onto the market (unless there is a clause saying not 'til a certain date). Thankfully, the gas is there so that side of things is quite low risk - which makes this circus seem plausible. Biggest risk - dilution.
29/5/2017
08:34
ua36: Hi Saturn (a fan of the rocket or of the Inspiral Carpets!!?). I genuinely think this is a pretty straightforward investment decision. Only two real outcomes, the gas developments will go ahead or they won't. It's not your typical AIM O&G geological risk. From the 2016 report "progressive approach to project funding will further enhance value. Indeed, this is an opportunity we are already taking, with a core group of blue-chip industry partners lining up to help fast-track the dual gas hubs into development. We anticipate the majority of the funding requirement for our SNS developments will come from contractor funding and gas offtake backed funding to be repaid from cashflows.". Big question investors need to ask themselves is, how close to reality is this thing? If the gas production has potential peak revenue of >£200million per annum, its all about discounting what that number means in terms of share price by the risk of it actually getting into production. My personal scenario sees around 300million shares (inc. LOG converting their loan) and a (eventual!!) MCap of around £400million. So ~8x return from here. Risk? Well, is there a 50% chance it'll make it to production? Less? More? At the moment I'd have to say the risk is quite a bit higher than 50%, hence the share price!! 30% chance of a 8x return? If you price that in terms of risk and invest accordingly then you probably won't go too far wrong. Rather invest in this, where the directors own a massive chunk of the company due to money they've actually invested themselves, than some of the other "exciting opportunities" on AIM.
25/5/2017
07:17
ua36: I'd expect the next news will be the FDP submission inc. Elgood. I wouldn't expect that to move the share price though. Producing asset? They've been looking for years - not one to hang hopes on. A possibility of course. Thin trading doesn't suggest a deal is imminent (famous last words!!). Confirmation of development funding? I'd expect likely to be concluded after FDP approval but perhaps an agreement subject to that approval might be delivered. This is the true catalyst for share price gains, everything else is just noise. That is of course on the assumption that the funding is delivered, as people should have their eyes open on the risks.
11/5/2017
18:49
ua36: Thought the two largish sales of 100k shares towards the end of the day were interesting. Normally, would've trashed the share price given the lack of liquidity today (those two sales were 80% of the total daily volume) but when I got a quote (to buy) on HL they were offering 19.4p. Not one for "big buyer around / buys being hidden by MMs" AIM special cliches but it is interesting that the MMs were willing to take those shares onto their book with no obvious apparent corresponding buy being printed nor any noticeable effect on the share price. Could crash tomorrow of course!! :D
26/4/2017
07:12
cgod: Https://markets.ft.com/data/equities/tearsheet/forecasts?s=IOG:LSE Some thing must be brewing!! As of Apr 21, 2017, the investment analyst covering Independent Oil & Gas PLC advises investors to purchase equity in the company. Share price forecast The one analyst offering a 12 month price target expects Independent Oil & Gas PLC share price to rise to 110.00 in the next year from the last price of 18.50
06/4/2017
20:18
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.
25/3/2017
09:15
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+.
27/2/2017
10:46
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.
25/1/2017
21:34
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.
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.
Independent O&G share price data is direct from the London Stock Exchange
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