Igas Energy Share Discussion Threads

[theblackbaron] 17/4/2023 13:12

Moving.....

[mr motivator] 17/4/2023 12:46

boom time?

[mr motivator] 17/4/2023 12:46

17/04/2023 1:44pm
UK Regulatory (RNS & others)

Igas Energy (LSE:IGAS)
Intraday Stock Chart

Monday 17 April 2023

Click Here for more Igas Energy Charts.
TIDMIGAS

RNS Number : 4687W

Igas Energy PLC

17 April 2023

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

17 April 2023

IGas Energy plc (AIM: IGAS)

("IGas" or "the Company")

Planning Permission Granted for Glentworth Development

IGas is pleased to announce that Lincolnshire County Council has granted planning consent for its Glentworth development.

The development is for an initial appraisal well and up to six horizontal development wells in Phase II.

Phase I has the potential to add c.200 bbls/d and development of c.1.0 mmstb 2P reserves (currently 2P undeveloped). If phase I is successful, this will be followed by further development drilling in subsequent years with the subsequent development having the potential to add an additional 500bbls/d and the addition of c.2mmstb 2P reserves from 2C. Phase I of the project has a mid-case NPV of GBP17.5 million.

Environmental permit applications associated with the project, and required before operations can commence, have been submitted to the Environment Agency.

Commenting Chris Hopkinson, IGas Interim Executive Chairman, said:

"I am pleased that the Committee has made this positive determination following the recommendation by the Planning Officer .

[sos100] 12/4/2023 10:56

why do you bother giving any predictions...your track record is not that good.

[bones698] 12/4/2023 10:36

Actually disappointed with the results given buoyant oil prices . There seems little increase in production and spending money to stay where they are production wise .
The geotherm is moving very slowly and no sign of any money coming in for the foreseeable . Any downturn in oil price will hit them hard and is partly being prices in . The lack of shake gas return has also hit them where there is great potential .
Don't see much movement in the shareprice tbh if anything it looks to be heading lower maybe 10p again . They need to up production or increase the profit on it somehow

[sev22] 03/4/2023 20:03

Mark Costar, manager of the JOHCM UK Growth Strategy fund on IGAS:
‘It trades below the value of its tax losses, let alone its profitable producing assets,’ he said.
Costar was confident the company’s geothermal portfolio would drive significant growth.
‘It’s got the UK’s largest geothermal portfolio out there,’ he said.

[sev22] 03/4/2023 20:02

Mark Costar, manager of the JOHCM UK Growth Strategy fund on IGAS:
‘It trades below the value of its tax losses, let alone its profitable producing assets,’ he said.
Costar was confident the company’s geothermal portfolio would drive significant growth.
‘It’s got the UK’s largest geothermal portfolio out there,’ he said.

[sandy12345] 03/4/2023 11:27

good luck Alsayagh, looks very promising!

[ih_676530] 03/4/2023 09:53

Same here Sandy, huge potential here, igas is trading below the value of its tax losses, let alone its profitable producing assets.


I also joined the igas club today with 30k shares

[sandy12345] 03/4/2023 08:42

Joined you guys with 30000 shares. Looks like a lot of positive newsflow expected over the coming weeks!

[sev22] 30/3/2023 14:46

Canaccord Genuity nudges up price target on iGas Energy:

[sev22] 30/3/2023 14:44

Canaccord Genuity nudges up price target on iGas Energy:

[mortal1ty] 30/3/2023 10:00

Business makes £18m in operating cash flow. Plans to spend £15.6m in keeping their fields running, decommissioning others and a few geothermal projects. Running hard just to stand still in my opinion.

[kibes] 30/3/2023 08:37

Results quite good apart from the shale gas write down. Share price deserves to be much higher than current with underlying operating profit of £16 million, a p/e ratio of 10 would give a target price of around 126p, however small oil companies are deeply unpopular at the moment. Even a p/e ratio of 5 would give 63p. Some hype around geothermal energy might help.

[theblackbaron] 27/3/2023 17:51

Oil up 4% and tax year selling nearly over. I wonder how the new green tech geo going ?

[wong77] 25/3/2023 17:14

L2 was he in star wars films . Must have been a short position to play

[guy_fawkes] 24/2/2023 08:11

Let the Great sell off begin

[barony] 23/2/2023 11:19

Sp very low based on revenue, never mind ebitda.

[barony] 23/2/2023 11:18

Hbr , I agree. Time for a small divi. Show confidence in the future.

[hairballradical] 23/2/2023 11:09

That's a promising forerunner to the results.

I really don't want to build up too much hope because of the risk of it being dashed, but its not beyond the realms of possibility that the board have considered issuing a divi. It may be early in the process of conversion to greener energy but at £0.01 divi (5%) the cost to the company would be £1.27m. What a signal that would send out to the market.