Iog Share Discussion Threads

[daar] 31/1/2023 09:57

How about you?

[dunderheed] 31/1/2023 09:51

Ah and there you have "it",

[daar] 31/1/2023 09:49

Bad news as in not the one market was expecting... I am in for a short term trade :)

[dunderheed] 31/1/2023 09:47

Ah so that was the bad news day was it? Can you provide your estimate of the "chance(s)" and how you arrived at them?
Just arsking like....

[daar] 31/1/2023 09:39

It didn't happen on the bad news day! More chances of going to 9p 1st :)

[dunderheed] 31/1/2023 09:35

A bit of volume and this could be down to 5-6p in a flash?

[daar] 31/1/2023 09:08

A bit of volume and this would be 9p in a flash

[genierub] 30/1/2023 15:24

Impossible to buy. About to break out.

[tidy 2] 30/1/2023 12:34

I had to NT to get more at this price.

[the kingpin] 30/1/2023 12:21

F911 and his crew dumped the last Friday in the spike. Nice P&D by them.

Anyway careful here. Lombard is still selling. Loads of churning for IIs with 0.1p-0.2p profit.

[bountyhunter] 28/1/2023 14:49

A bit of a spin of the dice now that's for sure DH. Ticked up yours also 👍

[dunderheed] 28/1/2023 13:20

BH sorry mate just ticked up your posts now!
Cashandcard ticked up and - yep - this is where I stand - you cannot tell at all if there is any real "positivity" from recent "share price strengthening" - as IOG always been a bit leaky - due to all the trader "interference" which then creates FOMO.

I would love to be proven wrong but I think this "situation" at Southwark has completely wrong footed them (again?! lol) - and whilst I can see the logic of their forward plan - I hope it isn't a straw grab!!

As ever all IMHO, DYOR.

[bountyhunter] 28/1/2023 13:12

Not without risk certainly, that is why the price is where it is today.

[cashandcard] 28/1/2023 13:00

Dunderheed,Have to agree, looked at this earlier in the week and unless they can demonstrate success, it could still crater from here. Their understanding of ground is already in question. Its okay to forego some potential profit to avoid an even bigger loss, but the risk atm is too great. They need to demonstrate they have overcome this and the fix has adequately corrected the problem before it becomes investable imo.Cash

[bountyhunter] 28/1/2023 12:28

Refinancing/repayment of the bond is due later in 2024 fortunately (Sept.'24). Still time to turn things around but I completely understand your scepticism!

[dunderheed] 28/1/2023 12:22

It's just if Southwark does not come in as indicated - I think that could be problematic - was it not assumed around 90BCF - so what if only 40-50 BCF - they have a bond to pay admittedly in 2024 but I'd be getting pretty sweaty considering their track record to date?
All IMHO, DYOR.

[bountyhunter] 28/1/2023 12:17

If there's no gas from A2, A1 and Blythe2 that will most likely be it but surely the odds are against that. Cal Energy as a 50% partner will presumably be mulling over the data and offering technical advice. I'm not selling down here as there is a realistic chance of recovery with partial success on the above and don't forget there is cash rolling in every month although that will not be enough on it's own.

[dunderheed] 28/1/2023 12:07

Well A2 "could" come in but I just have a feeling it will be "problematic" from now onward, if it does?
Here's hoping re A1 and Blythe.
If A2 does not come in then as I say I think this becomes a "zombie" company as it doesn't instill much confidence on any of their G&G "work"?

It's great to hear about all the other discoveries on the acreage they have applied for - but once again it proffers the question(s) - why weren't they developed before?
As ever all IMHO, DYOR.

[dunderheed] 28/1/2023 11:39

tidy2 - that message not up to your normal good standards (?!) - I had to read it a couple of times to confirm you were talking both Southwark and Blythe wells?

Re Southwark - surely it doesn't matter if it is a Horizontal or Vertical - it has "struck" water - which may or may not write off the well in total - we do not know yet.
The fact they have not written it off (yet?) is not indicative that they do have a true workaround solution just that they are hopeful of this?

Here's hoping for a positive RNS early next week because history tells me the longer we wait with IOG, the worse the news is.

Once again as ever DYOR, all IMHO and would love to be proven wrong - but as this thread indicated last week - this share will be driven by traders for some time until real news arrives!!

[tidy 2] 27/1/2023 16:03

The well is horizontal not vertical. One well is water bearing as it travelled through a geological fracture which isn't Southwark. The water bearing well is being repositioned in the following drill now they know where it is but the current well is manageable. Southwark is in a different location. They are also producing condensate which is sold at a premium.

[blades38] 27/1/2023 13:46

Disagree with that , they would walk away if they thought Southwark was not possible to get commercial gas.

[thecashmoney] 27/1/2023 13:40

If they have perforated 6 sections .

Wonder why they tested the full structure from the off , must of been expecting gas without risk


The gas always sits at the top of the structure so must of isolated the lower section, however for water to be produced at 1600 bbls I'd say this is a long shot . For water to be above the gas line , points to the structure to be mainly water bearing .

I'd be surprised if this improves to commercial rates .