Iog Share Discussion Threads

[geordie99] 19/10/2022 11:02

Oh dear. My decision to sell the other day was based on a gut feel that things were taking too long and no news is usually bad news. Sadly it has turned out to be the correct call.
I mention the following only because the lack lack of revenue has to be a worry for debt holders. Will they now call a halt to proceedings and demand repayment? I can see either a potential massive capital raising or worse. Very sad really, but O&G industry is full of these stories.

[avenue_of_revenue] 19/10/2022 10:33

Heavy buying. Hoping for a bounce around 12-15p in the coming days even possibly today. Bought in at 9p

[podgyted] 19/10/2022 10:19

Would have thought the Administrators of LOG are brushing off their PI insurance.

[maxidi] 19/10/2022 09:49

OOPS! Apologies!

[marvelman] 19/10/2022 09:48

I am sure that makes TRD feel a lot better Maxi

[maxidi] 19/10/2022 09:44

TRD.... Hard lines. You said you put £12k in. That's a terrible loss, so sorry for you.
A few weeks ago I sold £30k worth for a small profit and nearly bought more last week!
So, fortunately I chickened out. PHEW!!

[nemesis6] 19/10/2022 09:25

Almost got some yesterday....would have been another MTRO moment. Hard luck real deal didnt see this coming

[aimmafia] 19/10/2022 09:06

Sorry to holders here

[sigma3333] 19/10/2022 08:39

I think, once the dust settles, time for changes - clearly too much positive bias in the decision making here.

siggy

[dunderheed] 19/10/2022 08:27

Yep xxnjr great to be right..... err notttt! - said in a very camp voice!!

[kibes] 19/10/2022 08:26

The next thing is fracking Southwark well A2, what could possibly go wrong?

[xxnjr] 19/10/2022 08:22

Dunders, yes it was me. LoL!

xxnjr 21 Sep '22 - 17:20 - 2300 of 2502 Edit
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Dh - Would you care to share what you think the problem is?.....
thx

Dunderheed 22 Sep '22 - 07:06 - 2301 of 2502
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Xx, rather not "say" as will just get accused of de ramping. Could be really bad imho for one of the assets and hoping this is the smaller one of the two producing hence, considering the "pure luck position" the BoD finds itself in, with regard to gas pricing may not be a material as the share price "indicates"? As ever all IMHO, DYOR and note well, I always see the pessimistic scenarios!!

[guy_fawkes] 19/10/2022 08:20

Game over for this water producing Folly.

[therealdeal25] 19/10/2022 08:19

Now their complaining the RNS was worded badly, wtf did they want lies? Idiot day traders and investors, you don’t like what is written? Didn’t suit your agenda? Those people need to stop trading in risky companies!

[robizm] 19/10/2022 08:18

All they need now is for Log to start selling as they are in administration.

[ashkv] 19/10/2022 08:17

oh wow - feel for folks who are still invested here...

RNS should have updated as to current cash situation / drilling costs etc

Management would be finally sticking to deadlines if they manage to complete drilling by Mid Dec 2022 - otherwise a placing on the cards likely at levels even lower than today's all time lows...

Thanking my lucky stars and rational mentality that I sold out of this horror show on news of fields not performing - my extensive history in E&P has educated me the hard way on field issues cut and run at the earliest....

[therealdeal25] 19/10/2022 08:13

Keep it up boys, let’s get this down to 5p

[officerdigby] 19/10/2022 08:10

Can it get worse you asked?..Well yes it can?

[bountyhunter] 19/10/2022 08:00

At least first gas from Southwark is on schedule for Q4 is good news albeit A1 is delayed. There are other developments to move on to after that with HMRC paying 91.25% of development costs.

[sleveen] 19/10/2022 07:58

Longer term, this may go bust.

Are there any mitigating factors, are the other assets better?

[therealdeal25] 19/10/2022 07:56

Well they were all crying for an update on LSE, be very careful what you wish for, they certainly got news today !

[xxnjr] 19/10/2022 07:55

The rest of the industry had previously decided IOG's assets weren't worth producing. Now we know why!