Igas Energy Share Chat (IGAS)

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Igas Energy	LSE:IGAS	London	Ordinary Share	GB00BZ042C28	ORD 0.002P

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	+0.00p	+0.00%	68.25p	69.75p	70.00p	-	-	-	63,606	09:19:45

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Oil & Gas Producers	30.5	-44.8	-11.0	-	1,656.40

Igas Energy Share Discussion Threads

Showing 8001 to 8023 of 8025 messages

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Date	Subject	Author	Discuss
20/7/2017 13:37	Yep, so when they reach x20 value we will get back what we lost, in quantity.	hawkwind4	Read Full Thread Reply
19/7/2017 10:40	OK, you can come out of the corner now and take that hat off...	fardels bear	Read Full Thread Reply
14/7/2017 12:10	No mate. It was 200:1 CONSOLIDATION. Not dilution. 200:1 consolidation doesn't mean you have 1/200th of your original holding in £. It means you have 1/200th of your original holing in NUMBER OF SHARES. The value of them is the same as it was before the consolidation. Dilution is entirely different to consolidation. When they issue 750m new shares - that's dilution. The ice cream van is round the corner, son.	fardels bear	Read Full Thread Reply
14/7/2017 12:05	200:1 dilution is minus 200x	hawkwind4	Read Full Thread Reply
14/7/2017 11:13	X4 on SQZ gets me a villa.... :p	fardels bear	Read Full Thread Reply
14/7/2017 10:39	Courtesy of investopedia.com"A contrarian investor enters the market when others are feeling negative about it and the value is lower than its intrinsic value. When there is an overarching pessimistic sentiment on a stock, it has the possibility of lowering the price so low, the downfalls and risks of the company's stock are overblown" X4 Gets a me a new holiday apartment DYOR	gold map	Read Full Thread Reply
13/7/2017 11:27	No, mate, your maths is wrong. It entirely depends upon what price you bought in at. I bought at 40p, then another 20% at 4.5p in the open offer... Spent about £17000... Holding now worth £1750. So it needs to go up 10 x for me, not 200 times.	fardels bear	Read Full Thread Reply
13/7/2017 09:50	Yeah, heed this warning, until this is worth 200 x more than it istoday to regain loses to older long term investors keep clear	hawkwind4	Read Full Thread Reply
12/7/2017 15:13	Many thanks, GM. Nice to see a reporter who has done some homework for a change!	fardels bear	Read Full Thread Reply
12/7/2017 15:09	For FB ;) ....Financial TimesIGas plans UK shale exploration after restructuring clears pathUK group earmarks east Midlands sites for drilling as it examines case for frackingJuly 3, 2017 4:00 am by Andrew Ward, Energy EditorIGas, one of the UK's largest onshore oil and gas producers, is aiming to start drilling for shale gas later this year after a financial restructuring that wiped out more than $100m of debt.The London-listed company has approval for exploratory wells at two sites in the East Midlands, in partnership with Total, the French oil and gas major, and Ineos, the privately owned UK petrochemicals group.Stephen Bowler, IGas chief executive, said a refinancing in March, in which the company raised $55m of fresh capital and cut borrowings from $122m to just $7m through a debt-for-equity swap, had cleared the way for drilling to start.IGas was aiming to commence work at Springs Road and Tinker Lane in Nottinghamshire in the fourth quarter while also seeking approval to drill at several sites in the north-west of England, Mr Bowler added, in an interview.The plans add to growing momentum behind efforts to bring US-style fracking to the UK as privately owned Cuadrilla and Third Energy press ahead with wells in Lancashire and Yorkshire, respectively.Unlike Cuadrilla and Third Energy, IGas does not yet have approval to start hydraulic fracturing - pumping water, sand and chemicals under the ground at high pressure to release gas from "tight" rock formations - but its planned wells are designed to take core samples, which it hopes will demonstrate the case for fracking.Mr Bowler said the coming months would be an important test for the nascent UK shale gas industry, as IGas and its rivals try to disprove sceptics who question whether the US shale boom can be replicated in a more densely populated country such as Britain."A lot more technical work has been done in the UK before drilling than was done in the US. But we will still need tens of wells to be drilled before we will know [if UK shale gas is commercially viable]," Mr Bowler said."Almost as important as whether the well flows [with gas] is doing it safely. We will have to do things more sympathetically than in the US."As well as questions about the viability of fracking in the UK, IGas has faced doubts over its financial sustainability but Mr Bowler said these were now settled."We've fundamentally changed the balance sheet and can rebuild from here," he added. "It showed that we were here to stay."The refinancing was led by Kerogen, an energy-focused private equity company which also has stakes in Cuadrilla and a promising North Sea explorer called Hurricane Energy."Kerogen coming in changed the dynamics for us because their credibility and technical expertise gave confidence to others to back us," said Mr Bowler.Hong Kong-based Kerogen invested $35m in return for a 28 per cent stake, while bondholders ended up with 40 per cent through a debt-for-equity swap. Existing shareholders were left with just 15 per cent of the company.IGas is the latest in a succession of London-listed oil and gas companies to have gone through a painful refinancing after being plunged into crisis by the 2014 oil price crash. Others have included Gulf Keystone, the Kurdistan-focused producer, whose shareholders were largely wiped out in a restructuring last July.IGas produces almost 1m barrels of oil a year from 190 conventional onshore wells around the UK. These are mainly in the east Midlands and the Weald basin in the south-east.While shale gas fracking has faced fierce local opposition because of environmental concerns, IGas has encountered little resistance to its conventional operations. "We've been there for 20-30 years and people are comfortable with us," said Mr Bowler. "We're embedded in the communities."Production costs have been cut "from the $40s per barrel to the $30s" over the past three years, he added, allowing the company to make money even after recent renewed falls in crude prices below $50 per barrel.	gold map	Read Full Thread Reply
12/7/2017 14:47	I meant the FT article. :D	fardels bear	Read Full Thread Reply
12/7/2017 14:32	FBJust this once.....Buy11/07/201715:30:1571.5013,98610,000Bought just on the turn was being quoted 71 sell	gold map	Read Full Thread Reply
12/7/2017 14:00	Wanna paste it for us paupers?	fardels bear	Read Full Thread Reply
12/7/2017 13:46	David, If everyone is sitting on the fence and not buying even small sells like 3 shares will make the market drop. One or a small group who ultimately value the company as a buy are trying to knock the share price down in the morning so they can buy in cheaper later in the day (check the automated sell & then buy times last few days) others on the flip side are doing the odd buy to flag up the games.SP responds to supply and demand based for the most part on confidence - IMO 85% of shares are now in the hands of major investors who won't give them up (leading to low liquidity) unless they double, treble or quadruple their money ( i.e. 72p = 3.6p old share price x4 = 288p = 14.4p old share price - Consolation after restructuring was 20/1) DYORIMO share price is about bottom, when Gas drilling starts (paid for mainly by others hence the often quoted free carry $230m) the true worth of IGas will be known. IMO Lots of upside on existing wells that could be modified to up production subject to planning. Re read the recent news in FT if you would like reassurance? https://www.google.co.uk/amp/s/amp.ft.com/content/86afb348-5d5f-11e7-9bc8-8055f264aa8bAlso how about buying a few more shares David? More than 3 ;) I did yesterday with a nice big top up. Again do your own research and good luck :)	gold map	Read Full Thread Reply
12/7/2017 12:15	3 shares at 71p -£2.13p worth of trades - WHY????? Something going on with this which I cannot figure out..... It'll end up with someone proposing the conspiracy theory that whoever programmed the system built in the ability to control the movement of the share price through specific patterns in the number of shares traded, not volumes ...... there - I've said it.....EEEEK :-) DL	davidlloyd	Read Full Thread Reply
07/7/2017 17:05	IMO Lack of liquidity is allowing blatant attempts to walk share price down to fill big potential orders (small 3's and 4's share price sells, especially after hours). But it isn't working, this is about to breakout.... see nice delayed buy 15.30 reported after hours. Someone doesn't want this to Gap up but it will eventually! DYOR	gold map	Read Full Thread Reply
07/7/2017 11:09	What's with the small AT trades - looks like they are designed to mask any movement in price? A lot of these of late with IgAS...why is my question? DL	davidlloyd	Read Full Thread Reply
05/7/2017 22:21	I shouldn't worry about it. It was just a guy came on to ramp UKOG, he didn't have a beef with IGAS..	fardels bear	Read Full Thread Reply
04/7/2017 16:17	A swinging club? Mercy me.	fardels bear	Read Full Thread Reply
04/7/2017 15:48	sorry to repeat fb. just back from swinging a club and hadn't seen your timely response.	srichardson8	Read Full Thread Reply
04/7/2017 15:46	'Application has been made for the New Ordinary Shares to be admitted to trading on AIM and this is expected to become effective at 8.00 am on or around 15 June 2017. With effect from admission, the Company's issued share capital will comprise 121,348,209 New Ordinary Shares with each share carrying the right to one vote. There are no shares held in treasury. The total number of voting rights in the Company is therefore 121,348,209' Mkt cap is £95mn at 78 pence	srichardson8	Read Full Thread Reply
04/7/2017 14:13	another spammer. hotting up in the bin.	ifthecapfits	Read Full Thread Reply
04/7/2017 13:29	IGAS Market capitalisation: £94.65 million You didn't take into account the recent 20:1 consolidation, did you? Idiot.	fardels bear	Read Full Thread Reply

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