Iog Share Discussion Threads

[wskill] 13/10/2022 17:06

This 169 barrels a day of water seems tiny compared to the gas production a small mechanical fix would solve this surely IOG can have this pipeline run through another slug catcher on their own part of the site then on to the gas receiving station.

[bountyhunter] 12/10/2022 18:01

Thanks for posting that xxnr. So we did get an update after all even though not at the start of the month, presumably IOG were slow to provide the figures!

[anley] 12/10/2022 16:51

BUT gas is flowing and cash flows in to the bank while they find a solution to the water problem.

What needs to be done is for the management to come clean and redo their figures/forecasts with Gas based on 100p/per/therm over say the next 2 years. It is no good any of us pretending that GAS will keep in the £3/4 per therm as governments will just take the excess from the gas producers.

IOG - for me - is consigned to the 2/3 year portfolio unless in the meantime Warren Buffet wants to take the whole business over - debt and all BUT at what price?

[xxnjr] 12/10/2022 15:06

NSTA numbers updated for August:-

Edit. Sorry got that totally wrong Elgood was 12 mmscfd (not 22 mmscfd) for August.

Overall production 26 mmscfd

Blythe -22% at 14 mmscfd
Blythe Water -28% at 104 bwpd

Elgood -33% at 12 mmscfd
Elgood Water was Zero, now 65 bwpd

Total water +16% Was 145 bwpd now 169 bwpd

probably explains share price drop?

[dunderheed] 12/10/2022 13:13

Yep, looks like "normal service" resumed here - will look at buying some if we drop to 15p as surely they cannot clusterf up much more at Southwark?

All IMHO and DYOR!!

[maxidi] 12/10/2022 12:55

Sold up.... money now in i3e.
Small loss but such is life.

[maxidi] 12/10/2022 07:58

Bought some more yesterday... :o(

[maxidi] 12/10/2022 07:57

BH
Hope you're right!!!!!

[bountyhunter] 11/10/2022 18:59

You missed it, now they are coming back from the dead, look out for a Halloween RNS! 🎃👹👺

[maxidi] 11/10/2022 17:06

Flatlining for two days? When is the funeral? :o(

[dilip40] 10/10/2022 11:47

sold the lot at a loss today cant see this progressing one issue after another geordie 99 production was supposed to be 60mmscf but closure after closure doing 30mmscf when i bought talk was of blyth and elgood 60 mmscf and southwark 70 mmscf
performance since first productions has been dismal

post 2437 geordie 99 may be righr cant see even southwark coming online this quarter.

bougth souc southern energy producing gas in mississppi fully cashed $30M and credit line of $35m drilling several wells next 6 months targeting 25000 boe from current 3650boe. managememt has done it beofre. dyor
goodluck to holders.

[officerdigby] 10/10/2022 11:07

And the man in charge/responsible for closing and not bothering to get reopening done.....Currently failing upwards...the Chancellor.

[dunderheed] 10/10/2022 10:57

Mate said exactly that at the time.

[marvelman] 10/10/2022 10:35

Politics aside, what a disaster this Administration has been over the past two and a half years. That storage facility is a national security issue..FFS nationalise it if needs be.

[bountyhunter] 08/10/2022 19:43

Licences galore up for grabs...

[bountyhunter] 08/10/2022 18:56

I don't think Delt will be accepting any offers unless truly exceptional until they know the result of Pensacola given it has a 55% CoS.
To be honest I'm surprised that IOG have the financial resources to bid for Delt, presumably it was a Kist style offer, i.e. give us your cash and we will give you some back plus some paper, and steal your prospects into the bargain!

[therealdeal25] 08/10/2022 15:49

Bounty Hunter I wouldn’t put it past them to try again, they need to fill their hub with Gas, they will need continuous supply going through it!
Others will need to get their carbon footprint down, and some will see Gas as the main driver for electricity supplies, we won’t be able to survive just on renewables for another 30-50 years at least!

[xxnjr] 07/10/2022 22:15

Thats interesting Bh. 1st I've heard of that as well even though I have some DELT:) Bit of a sleeper so don't really keep up to date with DELT. Will be interesting to see how their next 2 wells turn out.

[bountyhunter] 07/10/2022 20:48

The first I've heard of this!!!

Deltic Energy says IOG approach was not in shareholders’ best interest
10:18 Mon 05 Oct 2020


Looking through ADVFN news for some reason there was no RNS here on 11 September.

[bountyhunter] 06/10/2022 21:12

Just wait until it gets colder! On or around November 5th usually 🎆