Igas Energy Share Discussion Threads

[pro_s2009] 22/10/2023 04:37

AIM market fast approaching Covid crash lows.........when is the trend going to break and upwards its goes ?


free stock charts from uk.advfn.com

[bones698] 13/9/2023 07:20

Not a Stella set of results and little info on how soon they expect to have the acquisition online and producing . Debt coming down but some high coast meant a lot less cashflow compared to last year . Might actually go down on those results .

[bones698] 29/8/2023 08:25

Interesting acquisition.
10mw plant would generate currently around 7.5m GDP a year if using an average £750 per mwh. That's likely to drop over the coming years but still a tidy sum . Costs look reasonable for drilling and plant etc so could be a very lucrative plan . Ofc the risks are not getting the license and issue with wells etc and associated costs . Looks promising given the other producing assets they have but wil be a while off before it comes online . A long wait for a return here I think

[iceagefarmer] 27/8/2023 23:24

bought some star energy friday...formerly igas

[gonuts1] 09/8/2023 15:54

-- 60,000 bbls hedged for H1 23 at an average swap price of $94.9/bbl (we are no longer required to hedge under the terms of the RBL)


That was a good hedge.


So now they can sell at spot price too.

[ashkv] 07/7/2023 10:03

Folks I have created a new thread for Star Energy - would request that we post on that thread as newbies might not be aware that STAR was IGAS.

Also if moderators could update symbols / IGAS header it would be excellent. Otherwise IMHO best to put this board to sleep :)

[lammergeier] 06/7/2023 15:21

hxxps://www.msn.com/en-gb/money/other/daft-energy-rules-are-wrecking-british-manufacturing-says-sir-jim-ratcliffe/ar-AA1dvhF8

[kibes] 06/7/2023 07:59

Absolutely zero interest in this stock nobody has even bothered to set up a discussion thread for STAR energy. But yes, the company has completely lost the plot with woke nonsense. Time it was taken over by a company wanting their tax losses. But the oil and gas industry is now in a deep sleep.

[angus17] 04/7/2023 08:42

gee what a rubbish website

can't even find out where our oil and gas sites are. Go woke go broke and all that. We need to backbone up and be proud of the oil and gas that this country produces.

It's just a website full of political wokeness. The company is losing the plot

[kibes] 04/7/2023 08:06

£260 million of tax losses worth nearly £200 million cash to a producing company wanting to reduce windfall tax (Harbour for example) and yet market capitalisation is only £20 million? The industry is asleep at the wheel. Meanwhile all IGAS (STAR) wants to talk about is greenie nonsense.

[kubera369] 02/7/2023 16:40

Is there a new BB for IGAS ?

[barony] 29/6/2023 15:01

Tricky, as there are old SEG and STAR boards. What will the new ticker be?

[jack007] 29/6/2023 09:26

Need to start one on STAR

[barony] 27/6/2023 17:28

Is the board name changing?

[ny boy] 20/6/2023 08:19

Hair brain, how many you scammed here since January ?

[theblackbaron] 14/6/2023 11:33

Excellent news once the geotherm hits more contracts being est 35 out there and Stoke on Trent development moving in 2h this will hit the dailymail again and manic buying post gov grant funding like we saw with shale until then it’s patience. However short term oil prices should move higher giving this a bounce.

[ashkv] 14/6/2023 07:52

Shares remain super cheap :(

IGAS Share Price: 14.81
Brent: $74.50
Brent Current Price Performance vs (18 Aug 21) 52 Week Low of $65.33 (GBPUSD 1.36): 14.04%
IGAS Current Share Price vs 52 Week low of 14.30p on 31 May 2023: 3.57%
IGAS Current Share Price vs 52 Week High of 101p on 30 Aug 2022: -85.34%
Total Voting Rights:
Market Cap GBP: £18,867,780
GBPUSD: 1.26
Market Cap USD: $23,773,402
Net Debt-GBP (31 May 23- Per RNS 14 June 23): £4,000,000
Net Debt-USD (31 May 23- Per RNS 14 June 23): $5,040,000
Enterprise Value (USD): $28,813,402
IGAS Guidance 2023: 2,000
IGAS Actual Average Production 2022: 1,898
EV/BARREL-USD FY 2023 Guidance: $14,407
Decommissioning Provision FY 2022 Results (GBP): £62,825,000
Decommissioning Provision FY 2022 Results (USD): $79,159,500
EV/BARREL-USD FY 2023 Guidance with Decommissioning: $53,986
IGAS 2P Reserves Year End 2022 Boe ( 17,040,000
EV/2P $1.69

[ashkv] 14/6/2023 07:52

RNS Igas Energy PLC 14 June 2023


2023 Annual General Meeting (AGM) Trading Update

IGas today provides the following trading update in advance of the Company's AGM, which is being held at 10.30 am today.

Chris Hopkinson, Chief Executive Officer said:

"I am delighted that we continue to maintain strong momentum in production. We have secured planning permission for our Glentworth project which has the potential to add c.200 bbls/d in its first phase. Construction has begun at our Corringham site, which we anticipate will come online at the end of 2023. Both these projects will help us deliver on our strategy of pursuing lower risk, infill opportunities, bolstering our oil production whilst we grow our geothermal business.

We continue to make progress in UK geothermal, securing projects with NHS trusts at Wythenshawe and Salisbury Hospitals. Encouragingly, a Government commissioned report was published recently highlighting the need for a deep geothermal industry in the UK. There is no doubt that geothermal is the only utility scale source of renewable heat that can deliver the major reduction in emissions needed to meet the 2050 net zero target."

Highlights

· Production remains in line with guidance at c. 2,000 boepd

· As at 31 May 2023, cash balances were £1.6 million and net debt was £4.0 million

· Planning permission granted for Glentworth project

· Construction has commenced on the Corringham project

· Appointed preferred bidder for Manchester University NHS Foundation Trust's Wythenshawe Hospital and preferred contractor for Salisbury NHS Foundation Trust's Salisbury General Hospital to provide geothermal heat solutions, driving the decarbonisation of the hospitals

· Dr Kieran Mullan MP releases a geothermal report for the UK Government recommending a long term financial incentives for the industry. His review can be found here:

[sev22] 13/6/2023 20:04

12-Jun-23 Canaccord Genuity maintained their buy recommendation and reiterated a 70.00p price target.

[wong77] 19/5/2023 10:25

Not sure what you’re asking for 🤔

[kibes] 17/5/2023 08:16

Egdon has just had a takeover bid today at a 100% premium and yet IGAS is down? Wake up!

[hairballradical] 04/5/2023 16:09

Some odd trading patterns going on here, anyone any insights?