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INDI Indus Gas Limited

7.50
-0.10 (-1.32%)
26 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Indus Gas Limited LSE:INDI London Ordinary Share GG00B39HF298 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.10 -1.32% 7.50 63,134 16:35:02
Bid Price Offer Price High Price Low Price Open Price
7.05 7.95
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Drilling Oil And Gas Wells USD 63.04M USD 30.88M USD 0.1688 0.45 13.91M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:20:00 O 109 7.95 GBX

Indus Gas (INDI) Latest News

Indus Gas (INDI) Discussions and Chat

Indus Gas Forums and Chat

Date Time Title Posts
26/7/202415:24INDUS GAS549
20/5/202408:10indcators251
13/12/201911:40Out of India1
02/8/201811:08Indian Plays4
02/8/201810:58The India Thread21

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Indus Gas (INDI) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-07-26 15:20:007.951098.67O
2024-07-26 10:44:237.95251.99O
2024-07-26 10:28:287.1150,0003,555.00O
2024-07-26 07:55:277.1613,000930.54O

Indus Gas (INDI) Top Chat Posts

Top Posts
Posted at 05/7/2024 13:57 by genghis_khan_
It looks like someone has been impaled here and now wants to know what others are holding when he/she claims 1.1m—more like 1000 shs.

Any imbecile who thinks the Indians will allow the price to rise and delist at a higher price is delusional.

They owe 82% and they want to pay the min possible, hence when the news come of delisting, they rapid fire sell shares down to crash the price further.


It looks like Desperation from someone who wants to know what others hold as if it will make any difference to their significant losses.

Buy a stock for pumping but have no money to orchestrate the pumping.

If this ticks up, believe me, they will hit the bid side, widen the spread, and cause more margin calls.
Posted at 05/7/2024 09:14 by kirk 6
Following the recent significant decline in the Company's share price, the Company notes that the share price has now stabilised, but the Board believes that it is in no way reflective of the Company's underlying long term value.They say this on the 17th may yet know the license is coming up for renewal on the 20th of August which will likely be declined ? Wtf?Wether ita delisted or not how is long term value no reflected when the license is due to expire LOL
Posted at 03/7/2024 15:57 by kirk 6
Given the recent share price performance, the Company's Board and senior management are investigating a range of strategic options, including appointing a top tier investment bank to find strategic industry partners who have expertise in helping us unlock our significant gas reserves through fracking.Another
Posted at 03/7/2024 15:56 by kirk 6
Following the recent significant decline in the Company's share price, the Company notes that the share price has now stabilised, but the Board believes that it is in no way reflective of the Company's underlying long term value.1 reason to think this will rocket
Posted at 27/6/2024 10:55 by no pah king
Surely, the board knows.

Who's selling? That's the clue: they are going to delist, as it is in no way reflective of the company's long-term value.


The Company provides the following update to shareholders:

Recent share price performance

Following the recent significant decline in the Company's share price, the Company notes that the share price has now stabilised, but the Board believes that it is in no way reflective of the Company's underlying long term value.



Then put another rns two days ago to hammer the share price

5p will come and sometimes in September will come the delisting rns.
Posted at 26/6/2024 11:53 by iamthemagnificent
No major shareholder other than the former ceo?
What could possibly go wrong ? LOL !!!!


---

Major Shareholders


Names of Large Shareholders owning/controlling over 3% of the Company's Issued Ordinary Shares

Number of Shares held

Share-holding Percentage

Promoters - Gynia Holdings Limited*

151,237,108

82.66%


* Of this holding, 47,557,622 (26%) shares are held through Focusoil Inc., a wholly owned subsidiary of Gynia.

The Company is not aware of any other shareholder owning over 3% of the issued shares of the Company. Last updated on 16 February 2024.

-----

Ajay Kalsi, the Company's Chief Executive Officer ultimately holds 100 per cent of the shares in Gynia Holdings Limited.
Posted at 25/6/2024 13:16 by firestorm911
Indus Gas Limited



("Indus" or the "Company")



Corporate and Strategic Update



The Company provides the following update to shareholders:

Recent share price performance

Following the recent significant decline in the Company's share price, the Company notes that the share price has now stabilised, but the Board believes that it is in no way reflective of the Company's underlying long term value.

Financial & operational update

The Company expects to report its audited annual results for the year ended 31 March 2024 during September 2024. Based on management accounts, which haven't yet been subject to audit, the Company expects to report revenue of at least US$42.86m for the year end 31 March 2024. This is before the Company has had discussions about take or pay.

Temporarily, the gas production has been reduced on account of maintenance of the turbine. Reversion to normal levels is expected in due course when maintenance is completed.

As a reminder to Shareholders, the Company is currently producing from the SGL field (63% participating interest) as well as the SSF & SSG fields (90% participating interest). All gas production from the three fields is currently being sold to GAIL. Concentrated efforts are made to unlock more gas from deep tight gas sandstone reservoirs Upper and Lower reservoirs. The Petroleum & Natural Gas Regulatory Board (PNGRB) continues its consultations for deciding on the pipeline route for evacuation of the gas from the SSG and SSF fields.

The Company has recently been in receipt of a technical report commissioned by the operator and prepared by the Gujarat Energy Research and Management Institute (GERMI) which reports 2P reserves, estimated to be commercially recoverable from the PSC under the intended development plan, across the SGL, SSF and SSG fields of, in aggregate, approximately 1.9 TCF (split 1,430 BCF across the SSF & SSG fields, and 440 BCF across the SGL field). Reserves reported are gross, calculated according to PRMS guidelines and with an effective date of 1 April 2024.

Strategic alternatives

Given the recent share price performance, the Company's Board and senior management are investigating a range of strategic options, including appointing a top tier investment bank to find strategic industry partners who have expertise in helping us unlock our significant gas reserves through fracking.

The Company looks forward to updating the market further in the future.
Posted at 20/5/2024 08:28 by kirk 6
What another bellend they have literally said this on Friday Strategic alternativesGiven the recent share price performance, the Company's Board and senior management are investigating a range of strategic options, including appointing a top tier investment bank to find strategic industry partners who have expertise in helping us unlock our significant gas reserves through fracking.The Company looks forward to updating the market further in the future.
Posted at 20/5/2024 07:00 by no pah king
Share prices do not go down by 95% for no reasons
Posted at 17/5/2024 17:51 by liam1om
Yeah that's all relevant at 150p. When the share price is 13p it's enormously undervalued.A well timed RNS today right before the market close.
Indus Gas share price data is direct from the London Stock Exchange

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