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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Ithaca Energy | LSE:IAE | London | Ordinary Share | CA4656761042 | COM SHS NPV (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 110.75 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
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25/11/2016 15:20 | Malcys take slightly different to what I understood from RNS. He says delay is due to cautious decision to inspect all junction boxes, rather than theyd found faulty boxes. He says wise investors should take advantage and buy. I don't think he is normally that direct. Im not giving out advice here though. DYOR. ------=-----------=- Ithaca Energy Ithaca (IAE) has been marked down this morning as the company updated as to a modest delay at the Stella field development. As a result of finding the inevitable teething troubles, management have correctly instructed that all junction boxes are to be inspected, resulting in a small slippage until January. This will make no difference whatsoever to the economics of the project and first oil should be in January, so only a matter of weeks' delay. As I write, the shares are off by 10%, which is plain daft, and wise investors should take appropriate advantage. | whiskeyinthejar | |
25/11/2016 13:33 | I do agree thoe I expect oil to oscillate between low 40's and $60 so I would expect to see the high pop up within the next 6/9months. | bigdazzler | |
25/11/2016 13:09 | be better to trade oil then ? 25%+ gain in six weeks and no worries about Stella being delayed again, then if it's not switch all the position into Ifaca, of course only if u consider oil will be 60 bucks in six weeks. | o1lman | |
25/11/2016 12:45 | Relax 6 more weeks when oil is at 60 bucks we will be flying | georgie pie | |
25/11/2016 12:31 | Half 2 this after could be interesting...... canuc traders can be a tad excitable at times..... | thegreatgeraldo | |
25/11/2016 12:27 | During the final quarter of the year base production volumes will be reduced compared to the previous quarters as a result of the planned maintenance shutdown of the Brent Pipeline System that serves the Company's Northern North Sea fields, which is now expected to take approximately four weeks. | o1lman | |
25/11/2016 12:18 | The FPF-1 offshore commissioning programme is on-going, involving preparation of the topsides processing and utility systems for the introduction of hydrocarbons. This work is well advanced, with the operations team focused on completing the required inspections and associated readiness activities required to enable a safe and efficient start-up of the wells. It is anticipated that this work will be completed around the end of this month and enable start-up of Stella production. .............. call me old fashioned but the end of the month means to me the end of the month, are the management so out of touch with what is going on offshore that they didn't know about this problem two weeks ago. If so someone needs to leave the warmth of the office, get offshore and get a grip of the problem. | o1lman | |
25/11/2016 12:13 | the surprising thing to me, is that people are surprised, maybe it spoils their agenda ? Ifaca have worked hard for many years and they are not going to surrender their nickname easily. it's the oil and gas industry, the only people who don't know there is normally delays is the management, this delay is exceptional, production once lost is lost for many years. who knows when it's finally produced oil may be a lot higher and then it will be a plus or then it could be a lot lower and then it's a minus. to pretend otherwise is absurd. | o1lman | |
25/11/2016 12:11 | Such is the nature of the oil business. "Imminent" can mean anything you want it to mean. | joestalin | |
25/11/2016 12:08 | chart trader2000 - 14 Jul 2016 - 15:33:07 - 18727 of 19349 ITHACA - North Sea Oil - IAE 11 July 2016 Ithaca Energy Inc. (TSX: IAE, LSE AIM: IAE) ("Ithaca" or the "Company") provides an operations update following the end of the second quarter of the year ("Q2-2016" or the "Quarter"), including an update on the status of the "FPF-1" floating production facility modifications programme being undertaken by Petrofac in the Remontowa shipyard in Poland. The Company is scheduled to issue its financial results for the first six months of the year ("H1-2016") on 15 August 2016. Les Thomas, Chief Executive Officer, commented: "The FPF-1 works are now being finalised, with preparation and performance of the inclination test being the only work required prior to the vessel exiting the yard. We are delighted with the quality and completeness of the vessel, having achieved our key objective of completing the onshore scope in the yard and avoided costly carry over of unfinished work offshore. Our existing production business is performing well, with volumes running ahead of guidance and continued deleveraging being delivered ahead of Stella start-up." Greater Stella Area Development The FPF-1 modifications are essentially complete and the vessel will be ready to leave the yard upon completion of approximately two weeks of work that is required to prepare for and perform the planned vessel inclination test and loading of supplies for the transit from the yard. Importantly, the onshore modifications scope has been completed in the yard without the need to carry onshore scope offshore. The FPF-1 is expected to leave the yard later this month and will complete the final marine system trials offshore Gdansk prior to being towed to the field. The anticipated period from sail-away to first hydrocarbons is approximately three months. >>>>> so expected sail away date 25 July, first production early November. allowing for teething problems maybe fortunate to have production by xmas ? | o1lman | |
25/11/2016 12:05 | I wonder why no one spotted the few loose wires, guess a guy with a screwdriver could have tightened them overnight. | o1lman | |
25/11/2016 12:04 | Insanity is relative. My redness is a lot less red than it was a couple of years ago. In fact it could turn miraculously blue if: 1. Oil starts being pumped from Athena - highly probable 2. OPEC sort themselves out to some degree or another - highly logical. But who knows - no certainty about the future unless it's looking bleak (all BBC reporters). | husbod | |
25/11/2016 12:03 | Amazing how a few loose wires can be transformed into a refit - (if it suits your agenda) | lfdkmp | |
25/11/2016 11:56 | yep, information has changed, no oil until next year, what makes u think there will not be another delay after this one ? called teething troubles. then as someone posted it will be close to connection to the pipeline so they may decide to wait. lots of equipment been sitting around doing nothing for years, often worse than being used, soon be time for a refit at this pace. | o1lman | |
25/11/2016 11:52 | John Maynard Keynes:- When my information changes, I alter my conclusions. What do you do, sir? | joestalin | |
25/11/2016 11:39 | Been lurking since buying these big time a few years ago and then watching my investment collapse. .................... Albert Einstein Quotes. Insanity: doing the same thing over and over again and expecting different results. | o1lman | |
25/11/2016 10:28 | Yet again the city overreacts. Just sit tight folks. | investordave | |
25/11/2016 10:06 | if.... I'd take a hedge short etf brent just in case. 3brs? | deanroberthunt | |
25/11/2016 09:26 | FPF-1 Modification Works The contract for the modification of the FPF-1 for deployment on the GSA production hub was awarded to Petrofac in October 2011. Following completion of detailed design studies and removal of the existing topsides processing equipment in Teeside, Petrofac, under the terms of its lump sum incentivised modification contract with the GSA co-venturers, will install new processing equipment on the FPF-1. The decision to install new equipment, rather than partially re-use the existing facilities, will lead to a higher quality vessel capable of achieving high operational uptime performance being deployed on the GSA. The contract for completion of the FPF-1 modification works has been awarded to the Remontowa shipyard in Gdansk, Poland, where the vessel is now located. The shipyard is located approximately 10 days towing time from its future final location at the Stella field. The immediate work programme in the shipyard is focused on the performance of a detailed inspection to verify the requirements of the envisaged marine systems workscope and preparation for dry dock works, which are anticipated to commence in Q1-2013. Once these activities have been completed and the vessel is in the dry dock, the schedule for completion of the full modification work programme will be finalised. | o1lman | |
25/11/2016 09:07 | I think it's difficult. Theyll be told by Petrofac who are managing the start up that first oil will be end of November. Even if Ithaca suspect this is too optimistic, that a problem could emerge, how can they announce to shareholders anything different than Petrofac tell them? | whiskeyinthejar | |
25/11/2016 09:05 | Yep I bet they wish sometimes they could delete things they say. But then at the time if they didn't say these things the market would get jittery and they would be criticised for not being sufficiently upbeat. The words rock and hard place come to mind. | lfdkmp | |
25/11/2016 08:59 | "We are delighted with the quality and completeness of the vessel, having achieved our key objective of completing the onshore scope in the yard and avoided costly carry over of unfinished work offshore..."From the CEO in July.Further erosion of management credibility over project timescales. | sludgesurfer |
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