Iog Share Discussion Threads

[fardels bear] 20/2/2020 12:37

1.7m just gone through. But was it a buy or a sell?

[jasper2712] 17/2/2020 12:20

"CER will by 27 February 2020 decide whether to exercise its option to farm in to the Redwell-Harvey Area, in exchange for a GBP20 million up-front payment and a GBP0.95/MCF royalty on its life-of-field net gas production from Harvey."

[fardels bear] 14/2/2020 22:35

They must know something we don't because the price of gas is on the floor going into the Springtime.

[jasper2712] 13/2/2020 14:08

Lombard Odier do not seem to be phased. Up to 25% holding an increase of 3% since a week ago. Could account for the 14m

[bbluesky] 12/2/2020 15:55

Looks like a rollover: 13,975,953 15.51.12 and again at 15.52.16

[jasper2712] 12/2/2020 15:15

14m sold for 17p ,recorded after the bell.
I think someone knows the verdict which is due on 23rd.

[jasper2712] 03/2/2020 16:45

CER will by 27 February 2020 decide whether to exercise its option to farm in to the Redwell-Harvey Area, in exchange for a GBP20 million up-front payment and a GBP0.95/MCF royalty on its life-of-field net gas production from Harvey.

[yellowdog] 20/1/2020 19:27

who is Richard Griffiths who now has 6% of IOG ?

[fardels bear] 15/1/2020 22:10

Still a lot of appetite for these but it looks like feet of clay to me. Maybe RRE buying but I find it hard to believe nobody has hit 3% recently.

[sphere25] 10/1/2020 15:00

This is abit nutty. The same point as above but at different price points throughout the day. Currently the bid offer is 19.5-20 with no less than SIX market makers on the offer at 20p and ONLY one on the bid at 19.5 and yet it's 20p to sell.

Someone has got a real hard on for stock here. That said I bought these at 16p as a short term play (well done if you did similar) as per the post on Wed and am happy selling into this spike - got some away at 20p. That's a quick near enough 25% gain in a flash.

Just watch and see how this moves next week and whether some news does transpire.

Good luck folks.

[marvelman] 10/1/2020 14:29

Thanks for your thoughts Sphere. I have observed the same. And now in auction

[sphere25] 10/1/2020 14:21

Almost have backwardation in the stock at the current bid offer of 18.5-19 with the sell price the same as the offer price at 19p. Furthermore, there is only one market maker sat on the bid at 18.5 and four sat on the offer at 19p and it's still nigh on impossible to buy in any size with the quote to buy even a measly 10k costing 21p.

It's been the same theme the past few days. They are making sure nearly every trade goes through to the market makers (as oppose to being executed e.g. directly online). Price is up another near 6% - day after day almost a similar move.

Whether this all signals something going on in the background or it's just idle speculation, your call. I'm not expecting anything, but the move in the stock is still nice.

[marvelman] 10/1/2020 14:08

Well something is brewing surely. This price action has simply not been warranted by the recent RNS. Coincidently or not RRE's share price is also motoring after a long period of slumber.

[sphere25] 10/1/2020 10:21

Thank you Kinwah.

Happy to take a trade in almost anything but I rarely look into oilers/miners. It's usually nothing more than a glance through really.

Some food for thought there then. Perhaps the stock should sit somewhere around that 20-25p level to factor in at least some of that bid risk.

[kinwah] 10/1/2020 09:31

Sphere what is interesting is that IOG is almost like stub equity. The current market cap of around £60 million is a fraction of the money needed for development of its assets. Therefore paying £90 million for IOG equity out of a total investment of say £500 million isn't a big deal. If RRE do want IOG then 25p would be a sensible level. IOG ticks a lot of boxes and the gas terminal has strategic value so it will clearly be on RRE's list of possible deals. IOG are doing the sensible thing in recognising they are vulnerable to a bid and highlighting the company's case for independence - almost like a defence document before the bid arrives.

[anley] 09/1/2020 14:25

I agree KINWAH.........there has to be even more activity in the North Sea especially for GAS.

However, the market wants to wait for drilling results from a few such as IOG and CLNR and then even more M&A will come to pass.

We shall wait and see.

[sphere25] 09/1/2020 12:43

Interesting point Kinwah. What price do you think a bid could come in at?

It's incredibly rare to catch a bid on a short term play, but the stock is starting to spike as I type - up another 6.8% today.

Stock has been incredibly hard to get hold of these past couple of days too with small buys shifting the price. I have no idea if anything corporate is going on in the background judging by the way the stock is starting to rise. Usually there is nothing, but this one has been approached before recently so here's hoping!

[kinwah] 08/1/2020 22:02

Did anyone else notice that the IOG corporate update was just a repeat of last year's achievements and the plans for this year? All this on the day after RRE boasted how much cash they have and they were on the lookout for acquisitions. My interpretation is that IOG are bracing themselves for another approach from RRE and are making their case for continued independence. At 16p IOG were a bargain.

[hashertu] 08/1/2020 16:02

Nice to see that Redwell might have some value.

[sphere25] 08/1/2020 15:13

Looking for news related trades in an otherwise dull and lacklustre market that plays into the hands of the buyers and sitters of stock. That said, picked a few IOG up at 16p - these speculative oilers are always short term trades. Hardly an oil expert so no doubt someone will state this is a multi-bagger in the making and definitely not a short term play.

I'd be ok with a re-test of 20p. Clearly the current wider macro developments could suit IOG but I'd expect Lombard and Griffiths to continue upping their stakes, particularly on the positive filled news release today so it has a chance to get back up.

[fardels bear] 02/1/2020 09:14

HNY, Bh and Dh!Not here though. :ouch:

[bountyhunter] 02/1/2020 08:32

Glad I'm now out of this one! HNY!