Iog Share Discussion Threads

[aimmafia] 15/3/2022 09:50

Markets are ruined. Should be at 50p now... expecting a reversal and moving up north of 50p in the next few sessions.

[montyhedge] 15/3/2022 09:43

The thing is everyone knew the announcements that were announced, old saying better to travel than arrive. They are getting out, it will resume upward path, get them out the way.

[marvelman] 15/3/2022 09:09

Results soon. I can only hope that these clowns don't ask for more funding despite revenues now streaming in . This drop is just not sitting right

[farrugia] 15/3/2022 08:27

New gas field found under North Sea

[marvelman] 15/3/2022 08:25

Its a crazy world.

[jeanesy] 14/3/2022 15:51

I suppose some have taken profit here especially as no flow rates were given so they might be good or might be disappointing. We won't have long to wait to find out though

[36redhill] 14/3/2022 14:52

I've a feeling he had a load in JOG some time ago.

[bountyhunter] 14/3/2022 13:43

That's earnings of 29p of course!
A little misleading.

[bountyhunter] 14/3/2022 10:58

The gas price has dropped back since the initial opening rise which accounts for the subsequent drop back, also as FB said we don't have flow rates yet..

"The Elgood well is planned to start up in the next two days and an initial view on flow rates will be assessed once stable production has been established from both fields."

...so we may well see another RNS later this week confirming Elgood start up ahead of initial flow rates

[montyhedge] 14/3/2022 10:30

Volume very good, market makers must have someone they can bid to get stock to feed the bulls.Excellent rns all on course, get this seller out the way onwards and upwards.

[marvelman] 14/3/2022 09:33

Thanks for that also affc

[affc21] 14/3/2022 09:32

Marvelman,RG (fund manager) was discussed last week on the L.S.E. board

[marvelman] 14/3/2022 09:31

Thanks Charlie. I thought I had seen his name elsewhere on holding notifications and that confirms it.

[sludgesurfer] 14/3/2022 09:30

Or because the company has simply done what it said three years ago it was going to do. During which time the share price has trebled.This news was well priced imo.

[charliec51] 14/3/2022 09:29

Marvelman ....Richard has been a venture or strategic investor in many successful UK companies including IP Group Plc, Nanoco Group Plc, Tissue Regenix Group Plc, GVC Holdings Plc, Oxford Nanopore Technologies Limited and Plectrum Petroleum Limited (sold to Cairn Energy Plc).

Like every investor, and he is very astute, there comes a time to take profit...

[fardels bear] 14/3/2022 09:23

Because they haven't given an initial rate of production even?

[montyhedge] 14/3/2022 09:20

Very surprised shareprice not moved ahead.

[marvelman] 14/3/2022 09:09

Does anyone know anything about Richard Griffiths the seller from the last TR1 RNS on 0th March?

[aimmafia] 14/3/2022 08:18

Profit here will be incredible

[bountyhunter] 14/3/2022 07:11

Alistair Macfarlane, Area Manager - Southern North Sea and East Irish Sea at the Oil and Gas Authority, said:

"As the UK transitions to net zero it will need a stable and secure supply of domestic gas to reduce its reliance on imports, which often have a larger carbon footprint, and so first production from the Saturn Banks project is a positive development."

[bountyhunter] 14/3/2022 07:03

First gas! 😀☺A039;😀☺️😀

Andrew Hockey, CEO of IOG, commented:

"I am delighted to confirm that Saturn Banks Phase 1 First Gas has been achieved. Yesterday the Blythe well was safely opened up and IOG gas has started to be delivered into Bacton and on into the UK market. The Elgood well is expected to follow in the next two days."

"...with Blythe the first well to be opened up and forward flow commencing into the SBRF on Sunday 13 March. The Elgood well is planned to start up in the next two days and an initial view on flow rates will be assessed once stable production has been established from both fields. The Company intends to analyse reservoir performance data over the initial months of production to inform an annual production guidance range."

IOG has released a new video to mark this milestone: