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 Shares Traded Last Trade
  +0.40p +3.05% 13.50p 547,283 08:00:12
Bid Price Offer Price High Price Low Price Open Price
13.00p 14.00p 13.50p 13.50p 13.50p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers -5.64 4.60 2.9 17.2

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Date Time Title Posts
17/5/201921:19Independent Oil and Gas - E&P on UK Continental Shelf3,763
25/3/201908:26IOG charts-
02/11/201707:23Island Oil and Gas plc3,506
20/8/201609:24IOG failed to add extra resources to the Skipper project1
17/7/201414:45CFO and CEO of IOG live on TipTV-

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Independent Oil & Gas Daily Update: Independent Oil & Gas Plc is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker IOG. The last closing price for Independent Oil & Gas was 13.10p.
Independent Oil & Gas Plc has a 4 week average price of 11.63p and a 12 week average price of 10p.
The 1 year high share price is 36p while the 1 year low share price is currently 10p.
There are currently 127,481,012 shares in issue and the average daily traded volume is 930,437 shares. The market capitalisation of Independent Oil & Gas Plc is £17,209,936.62.
bountyhunter: "The Company is also pleased to announce that it has confirmed the vesting criteria for the options awarded to directors, senior managers and employees on 1 May 2019 (the "Options"). As announced on 1 May, the Options will vest three years from the date of grant and additionally subject to the sanction of the development of Phase 1 of the Company's Core Project in the Southern North Sea (as set out in the announcement of 1 April 2019); the 30 day volume weighted average price per ordinary share in the capital of the Company being not less than 25p at the time of vesting; and certain health and safety targets having been met." So the share price has to at least double by three years time for the options to vest. That should protect from excessive further dilution.
dunderheed: No because if there is a walk away the share price will drop away in a storm and if an offer hopefully the share price will increase in a storm. So either way a storm a coming!
dunderheed: No neither do I. I don't trust the iog mgt anymore. They have f'd things up and it is their fault we find ourselves in this position. It would be good to look at the last company share price Fiona was in charge of previously as a potential future for iog. Then rre can return? Or, we land jv (soon!) and everything cool of course!!
jasper2712: 29 November 2018 the Core Project is expected to be funded through a senior secured bond issuance and the issue of new equity in IOG with effect from 1 January 2019. Current oil price volatility and capital market conditions are not conducive to deliver this financing plan before year end. However, the Company is fully ready to progress its funding plans early in 2019 as soon as markets stabilise To fund ongoing Core Project-related costs prior to FID, the Company has agreed with its major financial backer London Oil & Gas Limited ("LOG") to use part of the Harvey Loan, announced in September 2018, for corporate and development purposes. LOG has demonstrated continued support and has also agreed to discuss the refinancing of the Harvey Loan to ensure the Company remains funded for the Harvey Well. 18/12/18 This was followed by with effect from 1 January 2019, Fiona succeeds Mark Routh, who joined as CEO in 2011 and is currently Non-Executive Chairman, and who will step down from the Board on the same date. 04/01/2019 Problem with LCF and the FCA which had the knock on effect on the IOG share price which then makes it an even worse time to raise funds All this happening over a relatively short period. Coincidence or bad luck or both?
deanroberthunt: Sector: Energy Independent Oil & Gas (IOG) : Corp Financing concerns overdone Key data •Share price (p) 14.6 •Target price (p) 72.0 •Market cap (£m) 18.5 •Enterprise value (£m) 42.4 IOG’s shares were down 24% yesterday after a company which lends to its main creditor was highlighted as being investigated by the FCA in relation to marketing materials for its Fixed Rate ISA / Bond. IOG’s creditors have confirmed that the financing facility in place is unaffected; worst-case scenario looks to us to be that £7.85m of yet-to-draw funds may be at risk. Given the strength and quality of IOG’s assets, other sources of financing should be available if necessary. Market, sector and stock specific issues have seen the shares fall nearly 50% in little more than a month, leaving them trading at an 80% discount to our 72p risked-NAV. However, IOGs Southern North Sea gas assets have lost none of their lustre. With M&A making a resurgence in the sector, IOG likely starts to appear on the radar if this level of mispricing continues.
banksy: As I've said before Brexit is going to have a huge impact in most UK companies incl IOG. It it all goes badly wrong and the share price crumbles, raising equity as part of the FID on an artificially low share price would be madness, esp when they could have done this in September at between 30-35p ... basically giving double (possibly more) the amount of shares away for the same monies raised. Just a poor show from the BOD not to have got this done on schedule! Rant over
dunderheed: I don't think anyone's inferred it's the loan amount at all and I was mystified by that post but couldn't be bothered to reply. The truth is no one has a clue what impact the development costs will have on 'dilution' and to be honest as I posted on there a few days / weeks ago is just a waste of time because some assumptions will be correct and some wrong lol!! Either way the share price and expectation forward are looking bloody brilliant imho!! EDIT oh I've gone and re read the posts and can see I referred to a base of 32p to 'work from'? I wonder if this was the reference, if so, was taken out of context and was in reply to an earlier post saying that 'they' wouldn't be buying below 28p. At this point in time I dont think anyone will be able to buy volume below 32p. Ffs there 'may' be some form of placement below the share price in the market 'on the day' but when you take weighted volume average price over the last 12 months it will 'probably' be very very competitive. This isn't dilution! If this were the case, it is reflective of the fact that over a period of time the share price has been considerably lower and enables the company to move forward and increase value for ALL shareholders in the future and isn't 'diluting'. All imho and best of luck all.
bountyhunter: Regarding the IOG share price wish I'd bought more now @16p back in May - isn't hindsight a wonderful (or annoying) thing! Re SQZ yes they still appear very confident of timely completion 30 Sept; all ducks now seem to be lined up in a row for around that date - Columbus FDP approval, Erskine pipeline, & BKR completion!
dunderheed: Regarding IOG share price, "Interesting" said in a (Tom Hardy) Ronnie Kray voice!
dunderheed: Well here's hoping for some positive words at agm bounty. I am still very confident but think it could drift without encouraging talk today plus of course some Row news would help as well? On topic, lol, IOG share price looking good today.
Independent Oil & Gas share price data is direct from the London Stock Exchange
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