Share Name Share Symbol Market Type Share ISIN Share Description
Independent O&G LSE:IOG London Ordinary Share GB00BF49WF64 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  +0.475p +2.45% 19.85p 3,208,997 16:26:27
Bid Price Offer Price High Price Low Price Open Price
19.50p 20.20p 20.25p 19.25p 19.375p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -2.8 2.5 7.9 24.45

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Date Time Title Posts
21/5/201811:41Independent Oil and Gas - E&P on UK Continental Shelf2,328
02/11/201707:23Island Oil and Gas plc3,506
20/8/201609:24IOG failed to add extra resources to the Skipper project1
17/7/201414:45CFO and CEO of IOG live on TipTV-
16/5/200612:26Island Oil & Gas1

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Independent O&G Daily Update: Independent O&G is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker IOG. The last closing price for Independent O&G was 19.38p.
Independent O&G has a 4 week average price of 15.25p and a 12 week average price of 14.50p.
The 1 year high share price is 33p while the 1 year low share price is currently 12.25p.
There are currently 123,183,137 shares in issue and the average daily traded volume is 2,038,585 shares. The market capitalisation of Independent O&G is £24,451,852.69.
bountyhunter: Yes I think news is most likely imminent based on the share price action today!
serabi_mining_srb: Huge RNS from Serabi Mining SRB 15 million USD investment at the current Share Price, to a single investor. Very low valuation considering its level of gold output. Results this month, last November showed a huge jump in cash to over 9.7 million USD. Rerate now undeway, and stock in very short supply. Up almost 30% already....
mrbridgeruk: News is due, the share price will rocket with positive news re. Funding or positive pigging news. No sell off from Baker Hughes - but why would there be, they want the work to install the new platform.
dunderheed: I personally think we have reached a point where the service company partners will start to turn the screw a bit. I'd be happy for some form of placing (part shares placement with public - part with suppliers (or preferably full public placing 1-1) rather than 'open ended' placings with suppliers based upon potential share price in future? Just my opinion - up until now have every utmost respect for the mgt but on this occasion this deal not as good as previously and think that is borne out by share price reaction in what is an incredibly illiquid stock? All imho and not to be take an investment advice ahem I'll get me hat!! bounty re sqz - completely agree matey - looking good!!!
mrbridgeruk: Before today I saw a risk of the company collapsing if the debt was called in ending in a share price of zero. That has now been significantly derisked, yes there may be selling of shares to get their money back but I'd rather that than a public share issue.
ua36: Oh dear Sleveen. I think you miss the irony in your post. I'm sure you can figure it out if you have a think. Let me know? Roll up roll up. 8p. No, 15p. No, "whatever is an arbitrary % off the current share price"p.
jackthecat: what does this mean for the share price over the next few months?, is this priced in
ua36: Hi Saturn (a fan of the rocket or of the Inspiral Carpets!!?). I genuinely think this is a pretty straightforward investment decision. Only two real outcomes, the gas developments will go ahead or they won't. It's not your typical AIM O&G geological risk. From the 2016 report "progressive approach to project funding will further enhance value. Indeed, this is an opportunity we are already taking, with a core group of blue-chip industry partners lining up to help fast-track the dual gas hubs into development. We anticipate the majority of the funding requirement for our SNS developments will come from contractor funding and gas offtake backed funding to be repaid from cashflows.". Big question investors need to ask themselves is, how close to reality is this thing? If the gas production has potential peak revenue of >£200million per annum, its all about discounting what that number means in terms of share price by the risk of it actually getting into production. My personal scenario sees around 300million shares (inc. LOG converting their loan) and a (eventual!!) MCap of around £400million. So ~8x return from here. Risk? Well, is there a 50% chance it'll make it to production? Less? More? At the moment I'd have to say the risk is quite a bit higher than 50%, hence the share price!! 30% chance of a 8x return? If you price that in terms of risk and invest accordingly then you probably won't go too far wrong. Rather invest in this, where the directors own a massive chunk of the company due to money they've actually invested themselves, than some of the other "exciting opportunities" on AIM.
chesty1: Cinques I cannot even guess the answer to that ? Taken from LSE though which is a very solid post & much better than I could do. up this is just the beginning: 1) Confirmation of the Vuclan deal was the game changer and accounts for 66% of the portfolio with gas prices rising its becoming more and more profitable. Our gas portfolio is now estimated at nearly half a trillion cubic feet of P50 resources, or more than 82 million barrels of oil equivalent ("MMBoe"), 2) export route – route confirmed with deal to be concluded shortly for minimal cost and also means as we will own the pipe, making export costs even cheaper and more profitable 3) producing asset could land at any time with cash to buy any suitable opportunities arising 4) Fincapp broker target set at £1.10 5) Finance is on the way and the board are fully aligned with us shareholders to get the money raised for production. 6) Skipper field is now priced out of the stock. The board have confirmed its going to be tough but still viable. Its less than a 3rd of the portfolio. 7) Draft FDP with the Oil and gas authority 8) Board are fully aligned with shareholders, even more so this week with the announcement of further salary sacrifice for additional shares. Not to mention they stumped up the cash to keep this going in the tough times over a year ago. 9) RNS 16th Dec. Funding discussions are progressing well in parallel with the technical work and we are pleased to have a number of large institutions interested in partnering with us to deliver these substantial gas resources to the UK market." 10) in the words of the CEO in his last interview "just watch us" Fincap extract Independent Oil & Gas PLC using EPIC/TICKER code LON:IOG has had its stock rating noted as ‘Reiterates217; with the recommendation being set at ‘CORPORATER17; today by analysts at finnCap. Independent Oil & Gas PLC are listed in the Oil & Gas sector within AIM. finnCap have set their target price at 110 GBX on its stock. This now indicates the analyst believes there is a possible upside of 633.3% from the opening price of 15 GBX. Over the last 30 and 90 trading days the company share price has increased 1.3 points and decreased 11.4 points respectively. Independent Oil & Gas PLC LON:IOG has a 50 day moving average of 16.68 GBX and a 200 Day Moving Average share price is recorded at 18.22 GBX. The 52 week high for the share price is currently at 38.22 GBX while the year low stock price is currently 3.75 GBX. There are currently 106,810,893 shares in issue with the average daily volume traded being 939,526. Market capitalisation for LON:IOG is £15,786,650 GBP. Independent Oil and Gas plc (IOG) is a development and production company. The Company is engaged in the exploration and development of oil and gas opportunities in the United Kingdom North Sea. The Company owns approximately two traditional licenses and over two promote licenses all in the North Sea.
dukedosh: ........Darwin Subscription (the "Subscription") Over the course of the 36 months following Admission, the Company may at its sole discretion, instruct Darwin to sell Subscription Shares and redeem the Subscription Notes (subject to certain conditions, further details of which are set out below). Accordingly, the arrangement provides a flexible means of accessing further equity financing to support the continued development of IOG's assets, while benefiting from any increases in the IOG share price that may be realised during this period. ....... Joan of Arc, what this means is that the stock will be sold into a share price rise with volume therefore killing upside until the selling is done.
Independent O&G share price data is direct from the London Stock Exchange
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P:31 V: D:20180521 16:42:33