Iog Share Discussion Threads

[marvelman] 05/8/2022 13:09

Prior Year tax losses can still be written off against Corporation Tax. The WT is a separate calculation dealt with as hpcg has indicated. Therefore their should be no Corporation Tax to pay and WT will be payable depending on how much capex can be set off against it.

[hpcg] 05/8/2022 10:23

No, the windfall is on profits before tax but net of investment allowances.

[dilip40] 05/8/2022 09:55

windfall tax does iog have to this or it is levied on net profit after tax in which case iog has back losses to write off how much are the back losses brought forward

[bountyhunter] 04/8/2022 20:50

Liz Truss just said on Sky she will work to increase the amount of gas we get out of the North Sea and discussed problems with the windfall tax being a surprise tax putting off investment. Instead she would encourage investment which could be positive for IOG going forwards.

[bountyhunter] 04/8/2022 19:15

Not much change today. still very high and this is mid summer!

August 4, 2022
GAS
Day Ahead - 289p/th
Year Ahead - 451p/th
Front Quarter - 467p/th
Front Month - 371p/th

[tidy 2] 04/8/2022 12:40

Yes it averages out for the day ahead price.

[bountyhunter] 04/8/2022 10:58

Yesterday it was 288p/therm but it's highly volatile due to the lack of storage as we have discussed recently.

[tidy 2] 04/8/2022 09:29

Bounty what are the takings on the current day ahead price?

[ntv] 03/8/2022 15:37

I had a little top up on the retreat using monies from IGAS

[tidy 2] 03/8/2022 15:34

NT to buy.

[marvelman] 03/8/2022 12:34

ditip40..probably the same as you already know, the last update was "Based on the current drilling schedule, the two appraisal wells are expected to be completed by Q1 2023". I think we won't get much else until the appraisal results.

[dilip40] 03/8/2022 11:28

does anyone think goddard or kelham willbe in production 2023

[maxidi] 03/8/2022 10:54

So is Christmas!

[fardels bear] 03/8/2022 09:00

23p coming...

[maxidi] 03/8/2022 08:55

B/H

Well said!

[maxidi] 02/8/2022 18:00

Been in this business for more than 30 years. The comment was meant as just an off the cuff friendly remark. We all know stocks go up and down, that's how we make money!!

No need for 'holier than thou' comments though, this is a friendly thread mostly.

Anyway bought a few more today on the drop.

[dunderheed] 02/8/2022 15:04

I think we are largely insulated against the WF tax - for the moment!?!
Hence maybe the reason for that?

[hpcg] 02/8/2022 14:28

Really marvelman? On this board, since I've been around, which is not long, the posts about the share price outweigh those about the business and business environment. I mean the windfall tax got about 5 or 10 posts.

[dunderheed] 02/8/2022 13:29

1824, I believe that the gentleman has attended the "dunders school of diplomacy".

[marvelman] 02/8/2022 12:58

The second paragraph would have sufficed. We are not amateurs and we did not need to be told how the market works

[maxidi] 02/8/2022 11:07

A lot of selling going on and no buying!
Is something afoot that we don't know about I wonder?

[bountyhunter] 01/8/2022 16:32

If it goes down much more I will definitely need to free up some cash before I put a few more Fosters in the fridge. :)

[marvelman] 01/8/2022 16:15

The same 12k trading pattern bringing us down once again. The trouble is they never know when to stop. I have little doubt who it is but a TS1 would be nice to confirm