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Share Name Share Symbol Market Type Share ISIN Share Description
Iog 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
  0.00 0.0% 22.60 22.20 23.00 22.60 22.60 22.60 47,096 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -19.3 -4.0 - 110

Iog Share Discussion Threads

Showing 7451 to 7475 of 7775 messages
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DateSubjectAuthorDiscuss
11/9/2019
07:58
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
07:54
It wasn't commercial at that time
costax1654x
11/9/2019
07:51
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
07:39
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
07:37
'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
07:37
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
07:32
what column of gas werr they expecting , does anyone know?
costax1654x
11/9/2019
07:26
Missed that bit ebb, sounding better with that. Presumably a round about way of indicating commerciality!
bountyhunter
11/9/2019
07:25
I didn't got that as well
costax1654x
11/9/2019
07:24
'Our gas hub strategy implies a relatively low commerciality threshold for this discovery' Can someone please explain.
eggbaconandbubble
11/9/2019
07:23
Well done, holders.
fardels bear
11/9/2019
07:22
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
07:21
Was expecting a bit more!
costax1654x
11/9/2019
07:21
Harvey hit 49ft of gas pay
shareideas1
10/9/2019
17:31
Thanks, was doing the maths, if Harvey hit; then potential cash balance will be £65m (£60m cash payment from f/o deal), I can see £100-150m market cap on success case; 270 BCF (47 MBOE) reserve net to IOG after Harvey success, £65m cash balance with 270 BCF reserve, market cap likely be significantly higher than current cap
mynameiskhan
10/9/2019
16:35
Fair enough although I think you should use the fully diluted share count at 583m for a start. FinnCap reflect the cash payment elsewhere in the net debt line...
shareideas1
10/9/2019
16:16
I've used 341m shares in issue. Even if apply £240m NPV, still it's worth 41p. In case of 50% F/O, company will get extra funds. I beleive, total cash balance will be likely £80-100m, after Harvey Hit. Current m/c is £65m which will be significantly lower than cash balance.
mynameiskhan
10/9/2019
15:45
FinnCap have mid case $100m for 50% which is close to the $230m you say for 100%Using 583m fully diluted shares in issue and an FX rate of 1.2 usd/gbp gives you their 13.8p per share
shareideas1
10/9/2019
15:34
I think HARVEY NPV is £230m, which is equivalent to 67p/share. If 50% farm-out, then net will worth 33p + £40m cash (12p).
mynameiskhan
10/9/2019
15:28
Arguably they should be in mid 20s now that the bond is covered and the farmout is a formality... certainly would expect a move higher on Harvey success, but how high will come down to how quickly LOG want to unwind their holding (subject to orderly market conditions)...
shareideas1
10/9/2019
15:07
Thanks share ideas, do you really think for decent rise on commercial hit? 25-30p?Also, Harvey will unlock JV and additional cash payment from JV partner ?
mynameiskhan
10/9/2019
13:36
...apologies...wrong thread...s/b TRIN
marvelman
10/9/2019
12:39
30,000 added at 11.79...surely we will see that F'ing seller off soon?
marvelman
10/9/2019
12:23
Sounds like a bit of a balls up - must have seriously misinterpreted their imaging?
shareideas1
10/9/2019
12:16
...not even a 90% CoS as in the case of I3E this morning!
bountyhunter
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