Buy
Sell
Share Name Share Symbol Market Type Share ISIN Share Description
Independent Oil & Gas Plc LSE:IOG London Ordinary Share GB00BF49WF64 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.25 -1.45% 17.00 16.50 17.50 17.25 17.00 17.25 199,184 08:03:16
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 15.0 5.1 3.3 83

Independent Oil & Gas Share Discussion Threads

Showing 7451 to 7475 of 7750 messages
Chat Pages: 310  309  308  307  306  305  304  303  302  301  300  299  Older
DateSubjectAuthorDiscuss
11/9/2019
09:37
Looking well within expectations with a 49ft gas column...they should have stated range between expected 30 and 65 looks great. Well within strategy and looking forward to more positive news.... The Company's Core Project targets a gross 2P peak production rate of 146 MMCF/d (c. 25,000 Boe/d) from gross 2P gas Reserves of 302 BCF(1) + 2C gas Contingent Resources of 108 BCF(2), via an efficient hub strategy.
rocketblast
11/9/2019
08:58
Hahah - should have read "high" lol
shareideas1
11/9/2019
08:53
Agree - but very concerned with your typo with regard to returns - please do not mention that name on this thread!! Hugh - well known for the term - "he's done a Hughie again" - I.e. kicking the can down the path - sometimes - down a completely different path.
dunderheed
11/9/2019
08:47
The beauty of IOG at this point is that the equity story stacks up even without Harvey... being fully funded to first gas and with Berkshire onboard, they will be active in future licensing rounds too which given the Thames Pipeline infrastructure they will be well positioned to add Hugh return projects (plus potential M&A of other proven, but stranded, assets)...
shareideas1
11/9/2019
08:37
Absolutely concur. I "suspect" they will as well!
dunderheed
11/9/2019
08:36
I suspect they still will but what I'm trying to say is that a second pair of eyes will need to look over the data before firm conclusions drawn. It would be very embarrassing if IOG declared "success" with lots of fanfare, only for CER to disagree and not take up option...
shareideas1
11/9/2019
08:32
Absolutely would not be happy if they decided not to farm in but still would not mean uneconomic.
dunderheed
11/9/2019
08:29
Also it's worth noting that with CER now a partner in their SNS assets with an option to farm-in, CER will need to review the well results too as their view will be key to IOG economics too...
shareideas1
11/9/2019
07:59
BH shareideas encapsulated my viewpoint as well. We could still be surprised at upside of this but I think at this time mgt wants to under promise and (hopefully!) over deliver above the expected mid point of producible volumes? Just a little concerned why they didn't highlight "discovery" more in rns title?
dunderheed
11/9/2019
07:46
Fair enough - it's definitely not a slam dunk but strong hint is that it's still commercial and hence additive to IOG story... now we await completion of farmout later this month and then FID
shareideas1
11/9/2019
07:44
Market underwhelmed..
fardels bear
11/9/2019
07:08
FinnCap comment:Harvey appraisal well updateInitial results from IOG's Harvey appraisal well point to the presence of a 49ft gas column. Further analysis of the extensive data sets taken from the well is now required before management can provide an updated resource estimate and more detailed guidance on the Harvey development options. IOG continues to trade at a surprisingly high 68% discount to our 60p/sh risked-NAV, despite the recent funding success for its Core Project. This project's sanction, expected soon, should help narrow that discount.?Appraisal well encounters 49 ft gas column. IOG's Harvey appraisal well in the UK Southern North Sea has reached TD and initial wireline log analysis points to a 49ft gas column at the top of the Permian Leman Sandstone reservoir. A comprehensive data set was taken from the well, alongside two 90ft cores, which will be analysed and management resource estimates updated. Pre-drill, Harvey had estimated Low/Best/High case prospective resources of 85/129/199 bcf. We value Harvey's Best case prospective resources at 8p within our 60p/sh risked-NAV.?Low-cost tie-back candidate to Core Project infrastructure. Harvey is located close to IOG's Core Project infrastructure and is seen as a low-cost subsea tie-back candidate to the Blythe platform with a low commerciality threshold. As part of the recent farm-out agreement, CalEnergy Resources (CER) has the option to acquire 50% of Harvey within three months. If exercised, CER will pay an additional £20m to IOG and a £0.95/mcf royalty on its share of Harvey production.
shareideas1
11/9/2019
06:58
My understanding is that they have yet to evaluate fully this CONFIRMED DISCOVERY but it does not need a great deal of materiality to make it viable. I don't think his choice of what was meant to be positive wording came across as it was meant to.
marvelman
11/9/2019
06:54
It wasn't commercial at that time
costax1654x
11/9/2019
06:51
Per the May 2019 Investor presentation from IOG, Arco discovered a 30ft gas column in 1984. So today 49ft gas column reads like an improvement which on face of it sounds positive. Will keep an eye out for broker interpretation...
shareideas1
11/9/2019
06:39
Yes get that but they haven't actually said whether it's commercial or not but are we to assume it is? Further details required imho, maybe they will tell us when they have analyzed all the data. Would be interested to hear Dh's view on this.
bountyhunter
11/9/2019
06:37
'low commerciality threshold'....the margin to generate a profit is far lower than normal indicating solid economics, low cost. It's the key positive statement in today's news. If a discovery isn't commercial you may as well plug and abandon it.
mirabeau
11/9/2019
06:37
Don't get this bit, I thought this was what the appraisal well would determine? "In the event that Harvey is of a size commensurate with a low-cost subsea development, it lies well within tie-back range to the Blythe platform which is a key part of the Core Project Phase 1 infrastructure." I guess we will just have to wait for up to 3 months now to see if CER take up their 50% option?!?
bountyhunter
11/9/2019
06:32
what column of gas werr they expecting , does anyone know?
costax1654x
11/9/2019
06:26
Missed that bit ebb, sounding better with that. Presumably a round about way of indicating commerciality!
bountyhunter
11/9/2019
06:25
I didn't got that as well
costax1654x
11/9/2019
06:24
'Our gas hub strategy implies a relatively low commerciality threshold for this discovery' Can someone please explain.
eggbaconandbubble
11/9/2019
06:23
Well done, holders.
fardels bear
11/9/2019
06:22
Yes 49ft sounds good but where are the flow rates? Yet to come? Could be clearer imho. Maybe there's an industry expert here who can offer an opinion.
bountyhunter
11/9/2019
06:21
Was expecting a bit more!
costax1654x
Chat Pages: 310  309  308  307  306  305  304  303  302  301  300  299  Older
ADVFN Advertorial
Your Recent History
LSE
IOG
Independen..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20210227 01:09:15