Igas Energy Share Discussion Threads

[nobilis] 16/1/2023 08:10

Goog buy time

[deltalo] 15/1/2023 08:44

All the best clocktower.

[deltalo] 14/1/2023 22:08

Only you can decide on your investments, But I see the company's financial position as very healthy indeed, hedged oil price with a net debt reduction by 2.5 million, from 12.2m in December 2021 to 9.7 in September, and that's with a reduced oil production rate in Q1 2022 "covid related".All in the interim 15th Sep 2022. Atb....Corporate & Financial Summary· Cash balances as at 30 June 2022 were £2.7 million (31 December 2021: £3.3 million) with net debt of £9.7 million (31 December 2021: £12.2 million), a reduction of £2.5 million since year end.· Operating cash flow before working capital movements and realised hedges in H1 2022 of £16.4 million (H1 2021: £6.4 million).· £2.8 million of capex incurred during six months to 30 June 2022. Net cash capex for FY 2022 expected to be £10.2 million, primarily relating to our conventional assets. In addition, we have £1.8 million of cash outflow in 2022 for projects executed towards the end of 2021.· Successful Reserve Based Lending facility (RBL) redetermination in July (a semi-annual recalculation), confirming US$22.0 million of debt capacity. We had headroom of US$12.0 million (£10.3 million) as at 31 August 2022.· We are required to hedge our production under the RBL and as at 31 August 2022, we had 70,000 bbls hedged with swaps at an average price of $76.4/bbl and 35,000 bbls hedged with puts at a floor price of $44.7 for 2022. We also have 60,000 bbls hedged with swaps for H1 23 at $95.0/bbl.· The estimated Energy Profits Levy for the period ended 30 June 2022 is £0.2 million.· Ring fence tax losses of £263 million. Operational Summary· Net production averaged 1,865 boepd in H1 2022 (H1 2021: 2,005 boepd) impacted by equipment failure as a run-on consequence of COVID-19 supply chain issues.· Full year net production is now forecast to be in the range of c.1,900-1,950 as we resolve the issues in H1 and wells come back on-line. Underlying cash operating costs per boe anticipated to be c.$40.4/boe (based on an exchange rate of £1:$1.24).· Moratorium on shale lifted in England and Government commits to a review of energy regulation.· We continue to mature our growth opportunities within the existing conventional assets, including our East Midlands projects at Corringham and Glentworth.· An application to the Government's Green Heat Network Fund (GHNF) for the Stoke-on-Trent geothermal project was made on 26 August 2022.· Applications for grant funding from the Public Sector Decarbonisation Scheme will be made in partnership with the Carbon Energy Fund to support the development of six geothermal schemes, supplying renewable heat to NHS Trusts.

[raideradg2] 14/1/2023 18:41

Some nice loaded questions there.

[clocktower] 14/1/2023 15:13

Not invested here currently, the thread just caught my eye, so I have had a brief scan of the thread and watched the PA video presentation.

So may I put a couple of questions to the wise on this thread:

The production is around 2000 barrels a day, as I understand it, will not the current big drop in the price of a barrel not have a serious impact of the revenues, while it remains at levels not much higher than pre-Ukraine/Russia war?

How big a raise will they need to drive their geo-thermal plans forward,and will it not take a considerable amount of time for this new investment to commence showing profitable returns. At what discount to the current share price are they likely to be able to do so?

Will they be wasting time and resources pursuing the fracking possibilities that would be better served by concentrating on the geo-thermal business and their current oil production?

Hopefully one poster can provide sensible answers as I am interested in making an investment if I get serious answers to the above and any further matters that come to mind next week.

Thanks in advance.CT

[deltalo] 14/1/2023 13:59

All happening early this year. Excellent share to be in 2023 imho. So anytime soon I believe. Atb. https://www.proactiveinvestors.co.uk/companies/news/1001166/igas-energy-maintains-full-year-production-forecast-geothermal-making-progress-too-1001166.html?rel=scroll

[pro_s2009] 14/1/2023 00:35

Idiot has been removed.

[scammingscams] 13/1/2023 16:57

It's dropping as they are worried once the MEDIA. Find out about the SHED & the old grammar news it's pay day We want it higher this is pathetic crew want big gains not poxy pennys

[deltalo] 13/1/2023 14:19

Can't hold a good share down for long, 30p is next resistance level.

[waltzing] 13/1/2023 13:02

Perhaps saving on utility and rates bills

[raideradg2] 13/1/2023 12:01

Into auction

[scammingscams] 13/1/2023 10:21

Bet you wish you had took them profits now

[scammingscams] 13/1/2023 09:39

Glad the scamming team is on to this

[scammingscams] 13/1/2023 09:39

Are using the same address as IGAS I THINK WE HAVE ALL SEEN THE WOLF OF WALL STREET I THINK JORDONS SELLING A DEAD HORSE AGAIN THEY couldn't even be bothered to change the address lol Both same address Looks like GT energy is working from a gaint SHED lol Meanwhile igas paid pumpers dragging up OLD 13 year old pretend news articles

[scammingscams] 13/1/2023 09:37

So they got the same office address GT Energy UK LtdWelton Gathering Centre,Barfield Lane off Wragby Road,Sudbrooke,LincolnLN2 2QXW1 J7AJUnited Kingdom

[kubera369] 13/1/2023 09:11

I will be staying on this sensible board now going fwd.Wishing you all a great day ahead

[kubera369] 13/1/2023 09:11

Good morning all

[kubera369] 13/1/2023 09:10

Sane here buddy