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IRG Indep. Res.

0.395
0.00 (0.00%)
02 May 2024 - Closed
Delayed by 15 minutes
Independent Resources Investors - IRG

Independent Resources Investors - IRG

Share Name Share Symbol Market Stock Type
Indep. Res. IRG London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 0.395 01:00:00
Open Price Low Price High Price Close Price Previous Close
0.395 0.395
more quote information »

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Top Posts
Posted at 12/6/2015 18:52 by aimshares
http://hotcopper.com.au/threads/independent-resources-plc-lon-irg-10-baggers-for-investors.2534483/?post_id=15460189#.VXrdQ_lVhUYFrom above link. My good friend John Story , an energy analyst at Nasdaq Advisory Services.Has recently purchased Independent Resources plc LON:IRG a United Kingdom-based oil and gas company focused on acquiring and developing production and low risk exploration opportunities,he now holds 10,000,000 ordinary shares of 1p each representing approximately 5.40% of the issued share capital of the Company.Given the fact that John has been in the industry a lot of years i wonder if this is a punt or he intends taking an active part in this one time mid tier junior oiler, rumour has it the Italian government is rubber stamping thier asset in Italy that has been on the back burner.With numerous majors having seen thier data room in Tunisia it is maybe the time is right now to follow my good friends investment leadership.
Posted at 15/1/2015 05:55 by loverat
Its not as if buystock has actually achieved anything trying to pump this. He has been doing this for months now and if he was any good he would have exited on the last big spike.

He simply has made this forum a place people do not trust. Now they see buystock's posts and ignore them. I am surprised that people were caught out on STAR but of course there will always be new investors who believe the rubbish.
Posted at 14/1/2015 19:27 by loverat
You have to wonder why the management here do not take a similar line.

Gutless and pathetic is my theory.



RNS Number : 1898C

Starcom PLC

14 January 2015

14 January 2015

Starcom PLC

("Starcom"or the "Company")

Statement Re: Bulletin Board Rumours

The Directors of Starcom have noticed a number of stories which have appeared over the past few days on various investor bulletin boards and investor websites, and confirm that there is no basis for these stories.

The rumours, specifically relating to a new contract with Honda, an extension to the recently announced partnership with the Porsche dealership in Germany, and a new relationship with the US Department of Homeland Security regarding GPS tracking systems, do not relate to the current business activities of the Company.

The Company is in the process of reporting these attempts to disseminate false information about the Company to the Financial Conduct Authority and is seeking to have the stories removed from the websites in question. The Company will continue to disseminate news to shareholders via the official channel of the Regulatory News Service (RNS) as and when necessary.
Posted at 12/1/2015 14:40 by joan1234
Buyers

New Hot Spot for Energy Investors

12 January, 2015
Posted at 18/12/2014 05:36 by joan1234
Independent Resources (IRG) Italy to give financial incentives for gas storage,asset Value 97p
By PLATTS
17 Dec 2014 17:14:21

Italy’s ambitions to become a gas transit hub have gained government support in the form of a law passed last week promising “financial incentive mechanisms” for new gas storage projects.

The “Unlock Italy” (“Sblocca Italia”) bill passed on 5 November tasks Italian regulator AEEGSI with creating financial incentive mechanisms for storage products “characterised by high peak withdrawal rates and large capacities.”

Offering incentives for new storage capacity is in line with Italy’s ambitions to become a transit hub for gas to northwest Europe, particularly once the Trans-Adriatic Pipeline — which will bring 10bn m³/yr of Azeri gas to southern Europe — is completed towards the end of the decade.

Becoming a transit hub may be the only outlet for that new supply. System operator Snam said earlier this year that it expected imports to rise by 2pc/yr to 2025, but Italian demand is to rise by only 1pc/yr over the same period. Italy has been grappling with oversupply in recent years, largely the result of the displacement of gas-fired power plants by new renewable generation capacity.

Accordingly, Snam wants to develop 40mn m³/d of northbound export capacity by 2017, up from 5mn m³/d presently, and argues that storage will be also be important.

Projects totalling up to 3.6bn m³ of additional storage capacity have been mooted by newcomers to the Italian storage market, while Stogit has mooted an additional 5.8bn m³ and Edison 2bn m³, according to industry body GSE. Italy currently has 11.94bn m³. But while many projects have been approved, there has been relatively little progress because of uncertainty over financing and limited interest in new capacity from traders.

One firm, Ital Gas Storage (IGS), which intends to commission a 1.3bn m³ facility at Cornegliano by the end of 2018, wants to market its capacity under Italy’s regulated storage regime because of a lack of market interest in unregulated capacity. But it will not receive tariffs under the regulated regime until the facility is commissioned, which makes it difficult to raise project financing for the facility.

Italian financial support for new facilities could help to bridge these kinds of funding gaps to help bring new capacity on line despite weak market interest.

But such support would put even further pressure on already-strained storage margins across Europe.
Independent Resources (IRG) Many investors may yet have some catching up to do given the truly transformational developments of recent months.
A recent letter from Prime Minister Berlusconi specifically outlined the strategic importance of the Rivara storage project.
With €300-400m value the gas storage assets are potentially the most valuable of the company’s three main assets, but of
course are largely worthless without permitting. Thus we have taken a cautious view, discounting the value implied by the ERG
deal by a massive 85% to account for the regulatory risk. It is not difficult to envisage the much geared impact merely removing
that risk (which would immediately be warranted following approval in our view). The pre-permitting undiscounted value per
share is around 97p and merely accounting for the pre-planning transaction value, the true value of the project post planning is
likely to be multiple

Storage spreads — the difference between summer and winter prices — have been compressed across Europe in recent years, as a combination of new capacity sanctioned before the financial crisis and waning European gas demand in the years since has effectively left the EU with a surplus of storage capacity relative to demand. The economics of conventional storage have also come under pressure from competition from other flexibility services, particularly virtual storage offerings.

Storage managers have long argued that Europe’s oversupply of flexibility products and resultingly tight spreads could lead to the closure of some facilities over the next few years. And government intervention to encourage the construction of new storage — whether commercial or so-called strategic storage capacity — will only distort the market, traders and storage managers argue.
Posted at 09/12/2014 11:03 by jane downs
9 December, 2014 Independent Resources (IRG) Italy to give financial incentives for gas storage Italy’s ambitions to become a gas transit hub have gained government support in the form of a law passed last week promising “financial incentive mechanisms” for new gas storage projects. The “Unlock Italy” (“Sblocca Italia”) bill passed on 5 November tasks Italian regulator AEEGSI with creating financial incentive mechanisms for storage products “characterised by high peak withdrawal rates and large capacities.” Offering incentives for new storage capacity is in line with Italy’s ambitions to become a transit hub for gas to northwest Europe, particularly once the Trans-Adriatic Pipeline — which will bring 10bn m³/yr of Azeri gas to southern Europe — is completed towards the end of the decade. Becoming a transit hub may be the only outlet for that new supply. System operator Snam said earlier this year that it expected imports to rise by 2pc/yr to 2025, but Italian demand is to rise by only 1pc/yr over the same period. Italy has been grappling with oversupply in recent years, largely the result of the displacement of gas-fired power plants by new renewable generation capacity. Accordingly, Snam wants to develop 40mn m³/d of northbound export capacity by 2017, up from 5mn m³/d presently, and argues that storage will be also be important. Projects totalling up to 3.6bn m³ of additional storage capacity have been mooted by newcomers to the Italian storage market, while Stogit has mooted an additional 5.8bn m³ and Edison 2bn m³, according to industry body GSE. Italy currently has 11.94bn m³. But while many projects have been approved, there has been relatively little progress because of uncertainty over financing and limited interest in new capacity from traders. One firm, Ital Gas Storage (IGS), which intends to commission a 1.3bn m³ facility at Cornegliano by the end of 2018, wants to market its capacity under Italy’s regulated storage regime because of a lack of market interest in unregulated capacity. But it will not receive tariffs under the regulated regime until the facility is commissioned, which makes it difficult to raise project financing for the facility. Italian financial support for new facilities could help to bridge these kinds of funding gaps to help bring new capacity on line despite weak market interest. But such support would put even further pressure on already-strained storage margins across Europe. Independent Resources (IRG) Many investors may yet have some catching up to do given the truly transformational developments of recent months. A recent letter from Prime Minister Berlusconi specifically outlined the strategic importance of the Rivara storage project. With €300-400m value the gas storage assets are potentially the most valuable of the company’s three main assets, but of course are largely worthless without permitting. Thus we have taken a cautious view, discounting the value implied by the ERG deal by a massive 85% to account for the regulatory risk. It is not difficult to envisage the much geared impact merely removing that risk (which would immediately be warranted following approval in our view). The pre-permitting undiscounted value per share is around 97p and merely accounting for the pre-planning transaction value, the true value of the project post planning is likely to be multiple Storage spreads — the difference between summer and winter prices — have been compressed across Europe in recent years, as a combination of new capacity sanctioned before the financial crisis and waning European gas demand in the years since has effectively left the EU with a surplus of storage capacity relative to demand. The economics of conventional storage have also come under pressure from competition from other flexibility services, particularly virtual storage offerings. Storage managers have long argued that Europe’s oversupply of flexibility products and resultingly tight spreads could lead to the closure of some facilities over the next few years. And government intervention to encourage the construction of new storage — whether commercial or so-called strategic storage capacity — will only distort the market, traders and storage managers argue.
Posted at 09/12/2014 06:02 by joan1234
Independent Resources (IRG) Many investors may yet have some catching up to do given the truly transformational developments of recent months.
9 Dec 2014
Posted at 21/11/2014 14:04 by eric76
Thanks Day7rader. Maybe a chance for the value of the assets to start getting realised here sooner than punters thought?

Tunisian Sources Are Saying Independent Resources (IRG) has signed a drilling contract with Compagnie Tunisienne de Forage (CTF)

Tunisian Sources Are Saying Independent Resources (IRG) has signed a drilling contract with Compagnie Tunisienne de Forage (CTF) for the use of the CTF-2, a 2,000 horsepower onshore drilling rig, for a two-well drilling campaign in the Ksar Hadada permit in Tunisia.
The CTF-2 drilling rig is estimated to arrive at the Ksar Hadada drilling site in early January to evaluate the primary targets on the Ksar Hadada block are the Ordovician Bir Ben Tartar quartzites and the Silurian Acacus Sandstone. Several large oil-prone prospects have been mapped; these are sourced by the Silurian Tanezzuft Shale, which is the most important source rock for North Africa.Recent light oil discoveries in the Ordovician immediately to the south of the block have now validated the potential of the Ksar Hadada Ordovician prospects.

To evaluate well performance an extended production test will be considered before development. This would also generate cash flow already in 2015 or 2016.Contracts for additional services required to execute the 2015 drilling campaign are currently under various phases of technical and commercial tender evaluation. A number of service contracts have been awarded.
Tunisia focused Independent Resources recently reminded investors of the significant unrealised upside that’s possible if it can take the Ksar Hadada project forward.
During the reporting period a third party assessment valued the company’s stake at 133p per share versus a share price today of 2.5p. The company is currently working to bring a partner into the project so that it can capture this unrealised value.
In early August (IRG-LSE) Ceo Coleman said a deal could be agreed in the coming months, and in the meantime IRG will continue to make preparations for the seismic programme. Armed with better seismic data the company would then aim to test the reservoir quality, either by re-entering a prior well or by drilling a new one from scratch.
It is now looking like a partner could emerge very soon if sources prove correct, we await with great anticipation...
Posted at 07/11/2014 14:32 by nick rubens
Traders are out, Investors in and it could do very well from here. Last week of volatility is indicative of news coming soon I reckon.

£5000 quid just bought by investor 20 minutes ago..
Posted at 14/10/2014 12:38 by caledoniaman1
Great news - more freebies to keep our team together :) that is what I love about AIM listed companies - they perform poorly, they issue more cheap equity, their share price plummets, ordinary investors are panned, and hey presto - the BOD gives away 5% of the company as a reward. Great, isn't it :))))))))))

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