Igas Energy Share Discussion Threads

[kenstaff] 16/3/2016 07:59

Basically

More of the same.........

zzzzzzzzzzzzzzzzzz

good cost reductions to be fair..

[roper] 16/3/2016 07:25

Pre-lims this morning - right at the bottom of statement..."The risk that the Group will be unable to either enact appropriate mitigating actions to a sufficient extent before the 31 December 2016 measurement date or secure an appropriate relaxation or amendment of its financial covenants prior to 30 April 2017 represents a material uncertainty that may cast doubt upon the Group's ability to continue as a going concern."

[thewealthofsocrates] 10/3/2016 12:29

BREXIT= GAS IMPORTS PRICE RISE DUE TO TARIFFS
=> BULLISH FOR IGAS!
hxxp://www.nortonrosefulbright.com/knowledge/publications/136979/impact-of-a-brexit-on-the-energy-sector

[thewealthofsocrates] 10/3/2016 12:24

LOWEST TARGET=18p
hxxp://www.standardtrib.com/whats-next-for-igas-energy-plc-after-todays-huge-increase.html

[thewealthofsocrates] 10/3/2016 12:19

LOW END FT PRICE TARGET= 18p
HIGH END= 50p

[thewealthofsocrates] 10/3/2016 12:14

PROBLEMS IN NORWAY. THEIR COSTS ARE TOO HIGH & OUTPUT SLUMP EXPECTED.
=>GOOD FOR IGAS MARKET SHARE.
30.5p median price target from FT & 21.75p (18th Dec 2015)=> 21p TARGET from me.
{16p->17p}=BARGIN WITH 13.5p LOW TARGET (20th Jan 2016)
16.8-13.5=3.3p DOWNSIDE
21-16.8=4.2p UPSIDE
1:1.27 RISK REWARD
THIS IS A STRONG BUY!!!
hxxp://www.platts.com/latest-news/natural-gas/london/analysis-doubts-stack-over-norways-gas-export-26390853

[thewealthofsocrates] 09/3/2016 08:21

Expect upward pressure on all energy prices from lobbyists...or power cuts:

[haydock] 08/3/2016 12:46

Oil price

No company news this morning but worth commenting on the oil price which as you can see continues to rally, at one stage yesterday Brent traded at $41.04. Two things are happening, one is technical, as I mentioned yesterday the oil price charts are very strong and pulling buyers in. Brent for example is 51% up from the 12 year low of $27.10 on January 20th which by any standards is an astonishing move whatever the fundamentals are like. WTI is almost as good and of course as any self-respecting chartist will tell you that a 50% retracement means business.

The other news yesterday, apart from modestly better news on stocks at Cushing and a continued, if modest, fall in US production came from South America. Ecuador announced that they are to host a meeting of Latin American oil producers in Quito on Friday. Expected are themselves and Ministers from Venezuela, Colombia and Mexico.
- See more at: hxxp://www.malcysblog.com/2016/03/oil-price-2/#sthash.EZv7mp1o.dpuf

[wordog] 02/3/2016 19:08

They are planning to sit out the oil price slump by not spending money.

[haydock] 02/3/2016 09:08

The I-gas story I mean .

[haydock] 02/3/2016 09:07

Clearly if we are buying the story from the gusher of the Weald being the next Texas or Saudi, the I-gas position in the field is superb.
The guy who said it sold out !

Tell that to the mkt !

[rogerlin] 02/3/2016 08:50

Thanks Haydock. I think that most of the old drills targeted the shallower Portland and the Kimmeridge was not drilled or at least not tested. It looks as if Cuadrilla however did target a Kimmeridge limestone layer at Balcome to the south in 2013, but there doesn't seem to be any recent information, not sure it was flow tested.

[haydock] 01/3/2016 20:20

hxxps://decc-edu.maps.arcgis.com/apps/webappviewer/index.html?id=29c31fa4b00248418e545d222e57ddaa

To confirm status match the block on the map to the company web page, I think you will find it is producing.
You can see the other blocks below & to the left.

[haydock] 01/3/2016 20:14

Yes Palmers wood is a producing site on without checking the next block to the Gatwick gusher.
The company is saying , unwisely in my book nowt & won't really communicate on the subject, very unwise!
My guess is that the production is from a shallower drill than the gusher, as it was stated to be a new deeper drill.

I note from Egdon bb. with thanks:


rogerlin
26 Feb'16 - 08:36 - 3089 of 3091 0 0


"In order to exploit the knowledge gained and commercial advantage from HH-1, UKOG farmed in to the highly promising Holmwood licence, immediately to the west of Horse Hill, for an initial 20% interest, increasing this interest to 30% after the reporting period. This asset now forms a further key piece of UKOG's core Weald Kimmeridge and Portland growth strategy. The acreage contains a Horse Hill Portland look-alike prospect plus the continuation of the now proven Kimmeridge limestone oil play. We will use our key recent knowledge to maximise the benefit from the Holmwood-1 exploration well which is planned to be drilled in late 2016 or early 2017".

From UKOG's results today.

[rogerlin] 01/3/2016 19:48

"Based in southern England, the Weald Basin is the source of approximately 50% of our current production.

The area under licence is inclusive of 11 fields within which there are 10 producing sites ranging from Stockbridge, near Winchester, in the west to Palmers Wood near Gatwick in the east and now includes the Singleton field. The area has produced more than 21 million barrels of oil to date."

Palmers Wood is not far from Horse Hill and could have the same Kimmeridge limestone horizons. I can't find any details of Palmers Wood but this statement from the website suggests it is a producing site. Does anyone know if that is the case?

[haydock] 01/3/2016 16:34

From Egdon BB with thanks.
taudelta1
25 Feb'16 - 11:14 - 3088 of 3091 0 0


Cuadrilla has won its appeal against a council decision to reject plans for a monitoring site in Lancashire. The Company has been given permission by the Planning Inspectorate to restore the Grange Hill shale exploration site near Singleton. (reported by energy-pedia

Heard nowt, but then I was down souff

[haydock] 01/3/2016 10:03

hxxp://www.yorkshirepost.co.uk/news/opinion/andrea-leadsom-yorkshire-should-welcome-frackers-with-open-arms-1-7758856

[haydock] 21/2/2016 20:37

hxxp://www.yorkshirepost.co.uk/news/140-yorkshire-heritage-spots-covered-by-fracking-exploration-licences-1-7741137

[wordog] 20/2/2016 13:10

Cuadrilla Appeal

Another round to Cuadrilla, I make it 2-1 so far.

hxxp://drillordrop.com/2016/02/19/live-updates-from-cuadrilla-fracking-inquiry-day-8-landscape/

[wordog] 18/2/2016 21:39

IGas don't seem to say anything these days

[haydock] 18/2/2016 11:22

hxxp://www.upi.com/Business_News/Energy-Industry/2016/02/17/Oil-flowing-from-British-shale/5391455715674/

The Gatwick gusher has to be taken with more than a pinch of slat.
However there is oil down there & we are as I have said many times right next door, already extracting from a different depth.

We do not seem to want to publish this fact or talk about any plans to drill deeper.
Very puzzling ?

[wordog] 16/2/2016 15:23

hxxp://drillordrop.com/2016/02/16/live-updates-from-cuadrilla-fracking-inquiry-day-5-traffic-and-landscape/

Worth looking at.

Scores on the doors so far

Rose acre Wood. Caudrilla 1 - Lancs CC 0
Preston New Road. Caudrilla 0 - Lancs CC 0

[haydock] 15/2/2016 14:31

hxxp://www.egdon-resources.com/media/news/

Onshore o/g still attractive.

[haydock] 09/2/2016 09:53

09:49 - 09/02

Buy 580000 16.00p £92,800.00

Lancs CC enquiry up & running for next 5 weeks !

Original was too long @ 2 days Amazing !

Pulled in after 5 weeks.

Victoria Derbyshire on BBC 2 covering the subject today.

[kenstaff] 06/2/2016 11:47

have Igas been pulled off Upton by Ratcliffes Ineos Army

Or was it just a convenient way of putting up with the
green layabouts.... rent a field for a few quid£££

:-D