Iog Share Discussion Threads

[bountyhunter] 27/8/2021 13:16

Tucked up in bed praying for a takeover to crystallize all those share options? The market is probably waiting for first gas before revaluing IOG in line with the higher gas prices.

[anley] 27/8/2021 11:54

Just a reminder.............

London Oil & Gas own 29% and Lombard Odier have 25% and both have a need to sell for good reasons.

There is Euro 100m Bond to be repaid in the next few years so as gas flows there will be a debate as to how this is done.

Peel Hunt have made a 40p call which is rich in my view but shareholders will have to wait for dear old Warren to make a cash bid for everything.......but the directors are now tucked up in bed with as many options as they can vote themselves.

Roll on Q4....

[t0pgrader] 27/8/2021 11:43

Peel Hunt: IOG at a ‘very exciting’ stage
Peel Hunt says IOG (IOG), formerly known as Independent Oil & Gas, is in a ‘very exciting’ development phase that sees it growing its gas production business as prices are increasing.
Analyst Werner Riding reiterated his ‘buy’ recommendation and 40p target price on the stock, which were flat at 21p yesterday.
‘Independent is in a very exciting phase of its development, which in the short term will see it transition to becoming a material gas production business at a time of very significant gas price strength,’ he said.
Riding said the interims highlighted the ‘level of activity that has taken place year-to-date with respect to the development of its core project’ as it hit key milestones.
First half cash came in at £59m and overall net debt was £32.2m, ‘a level of liquidity thought to be sufficient to enable timely delivery of first gas during the fourth quarter 2021’.

[dunderheed] 26/8/2021 07:21

Really good to see the "management" are increasing all their "estimates" of reserves prior to drilling.

They've done so so well at crystallising these "increases" into 2p reserves to date haven't they?

Well done team, award yourselves some more ltip options.

[jdk14] 25/8/2021 20:40

Some negativity I would guess but short lived as natural gas is going to be around for many years to come!

[billybunter1970] 25/8/2021 08:51

What effect do IOG holders think COP26 will have on the the prospects of the share price ?

[bountyhunter] 18/8/2021 13:26

29/7/21: "Forward pricing for the six-month Winter 2021 gas period closed yesterday at over 101 pence per therm - 96% ahead of our central planning case for that period. Forward pricing for Summer 2022 closed yesterday at over 59 pence per therm, 49% ahead of our central planning case for that period."

Prices are even higher than that now by 20% for Winter 2021 @121p/th and 27% for Summer 2022 @75p/th but the IOG price appears to have been in near hibernation! Either IOG is significantly undervalued or the market needs to see first gas delivered before reacting?

[bountyhunter] 18/8/2021 13:25

By which time IOG should be producing..

3 Aug 21: "We have a very clear collective focus on ensuring safe and efficient performance leading successfully to First Gas in Q4 2021 from the Blythe Hub before continuing into 2022 at Southwark."

[bountyhunter] 18/8/2021 13:14

A new record gas price today of 125.2p/th for DEC21

[fardels bear] 17/8/2021 15:59

Yes but we also saw UK wholesale gas price go from 12p a therm to just under 120p a therm in a year. Did Serica share price go up ten fold? Did it thump..

[bountyhunter] 17/8/2021 15:27

Gas goes up this goes down, terrific!

[geordie99] 09/8/2021 15:44

From the research I’ve done, they were only awarded the ground in the last round. It’s ex ConocoPhillips ground with independently audited gas. They only resisted in Feb 21.
Thx for the heads up on the others 👍

[bountyhunter] 09/8/2021 07:25

Interesting although the long term chart doesn't look great but I don't know anything about that one. The nearest comparators I am aware of on the LSE are KIST, SQZ and DEC.

[geordie99] 09/8/2021 07:08

I follow IOG with interest. The UK gas position is only going to get tighter as is Europe, and I think IOG are in the sweet spot. This is a no brainer here.
I own IOG, but have been looking for some nearology, and I think I have found one called Hartshead. they have similar gas in Southern North Sea and only have a market cap of £17 mill. HHR.ASX
I will be buying a few of those for the punt :)

[bountyhunter] 03/8/2021 07:19

"After preparations for drilling the Blythe well spudded at 2300 hrs on 2 August."

[bountyhunter] 29/7/2021 08:44

They say you can't sell ice to Eskimos but IOG can sell gas to the Russians!

Maybe I need to rewrite that earlier post "What makes UK gas more expensive?"

[dunderheed] 29/7/2021 07:50

Right let's hope they can actually produce some gas and at the correct expected reserves as well.

[bountyhunter] 25/7/2021 11:21

What makes UK gas more expensive?

The UK stores under 2% of its annual gas demand on the British Isles vs. 25% on average stored in the EU27. This is the result of a decade of energy policies that have favoured ‘just in time’ gas import over the indigenous storage infrastructure. It is no wonder that we see gas flows currently being maximised on the pipeline linking the UK with the continent, but we can also see that attracting that gas to meet the demand is costing us dearly.

[bountyhunter] 25/7/2021 10:57

Trying to recall Rough I looked it up, no use to us at the moment...

[bountyhunter] 25/7/2021 10:54

"With the UK’s stocks of natural gas currently at just 29 percent of capacity, compared with 52 percent in 2019, the Russian President’s planned intervention could scarcely have come at a worse time"

I didn't think we had much capacity left to store gas in any case. I remember something about "Rough" being wound up.

[bountyhunter] 25/7/2021 10:40

Yes I did see your Telegraph post. Interesting story.

[fardels bear] 24/7/2021 13:56

That story was on the telegraph website yesterday, bh.. I posted their version on DEC thread.

[bountyhunter] 24/7/2021 13:30

Warning as Putin could trigger Europe-wide gas crisis by strangling key supply –UK at risk