Iog Share Discussion Threads

[sphere25] 11/3/2022 14:18

Amazing.

It almost sounds bullish and not the usual balls up to be expected from these sorts!

It looks like we are breaking out again on that.

Loitering about the inflation hedges appears to be working.

(Famous last words!)

All imo
DYOR

[edgein] 11/3/2022 14:14

Wow, shows the appetite for North Sea gas at the moment, drop Gazprom one day and shortly after BP extends to the gas from Phase 1 and Phase 2 development. Great stuff.

Regards,
Ed.

[aimmafia] 11/3/2022 13:35

Next stop 50p

[bountyhunter] 11/3/2022 13:26

Lol, yes I suppose it's not out of the question that first gas could be announced in the next 35m! 😀

That's killed 10m!

Another little step up in the price while I've been waiting so perhaps it will be today.

[montyhedge] 11/3/2022 13:24

When this takes off tell the Mot guy, keep the car, I'm buying a new one, lol.

[fardels bear] 11/3/2022 13:07

I think that's a bit premature

[billybunter1970] 11/3/2022 12:55

Does anyone have a prediction for what IOG dividends could potentially be?

[montyhedge] 11/3/2022 11:19

Waiting for the blue touch paper to be lite for take off.

[edgein] 11/3/2022 11:13

Alxo,

See CB7s post from last night. That's a more realistic volume. Companies don't bring on wells at their maximum flow rates to prevent reservoir damage and over-production. It'll be about well management, I'd be quite happy with startup rates of 60-70mmcfd.

Regards,
Ed.

[flyer61] 11/3/2022 10:04

Looking at the share price action this morning I’m guessing we have gas!!

[alxo82] 11/3/2022 09:58

Blythe and Elgood combined produced 103mmscf during the flow test, 50% for IOG. The initial flow will be somewhere very close to it, but a rapid decline will start until it stabilises, that data would be in the company's well models, but the uncertainty will be high. I was told by the company that they will providea forecast for the future production levels after the technical team has analysed the data from the first days online.

[alxo82] 11/3/2022 09:55

"we live in hope" sad, but true, marvelman =D

[aimmafia] 11/3/2022 09:03

This could do a quid with the right news! Sit on your hands and enjoy the ride

[bountyhunter] 11/3/2022 08:48

Could be any time, a week ago today we had an RNS announcing the start of backgassing with first gas due in about a week at 4pm on the Friday.

[montyhedge] 11/3/2022 08:36

I would have thought Monday.

[papillon] 11/3/2022 08:33

News today?

[geordie99] 10/3/2022 20:40

@CB7. Many thanks

[cb7] 10/3/2022 20:26

geordie, from memory its approx 70mmscf, around 12000 bopde. And Southwark due into production later in the year with a similar amount.

[marvelman] 10/3/2022 20:15

Surprise it would be Bounty...we live in hope..as we have done for quite a while

[bountyhunter] 10/3/2022 18:39

On 4/3/22

Andrew Hockey, CEO of IOG, commented:

"I'm very pleased to say that the onshore Saturn Banks Reception Facilities (SBRF) have now been fully commissioned and pipeline backgassing has started today. This is the final step to First Gas which we expect in approximately one week's time."

So could be any time tomorrow! 11/3/22

I won't be holding my breath but news of first gas tomorrow would be a nice surprise!

[anley] 10/3/2022 13:54

No - sorry Geordie but even if I did in a way these forecasts are never kept.

[geordie99] 10/3/2022 09:29

@anley
Hi there, do you know what their forecast production in Mmcf is from Blythe ? Tia

[anley] 09/3/2022 17:49

On Monday morning analyst Daniel Slater, analyst at Arden Partners, issued his latest research note on this UK gas and infrastructure operator, upon news that pipeline backgassing at the group’s Saturn Banks had got underway, thereby enabling its Blythe and Elgood fields to come onstream and producing and then selling gas.

He stated that it was great news, especially at a time when gas prices are at historic levels.

Slater is going for the group to score £182.1m of sales this year to end December, producing an EBITDA of £169m. His price objective is 47p a share.

On the same morning Jonathan Wright, a director of research at brokers finnCap, issued an even more bullish note on IOG. He declared that the company ‘has an important future role to play in helping secure UK domestic gas supply.

His estimates are for £221.3m of revenues this year, giving an EBITDA of £206.5m, generating £181.1m of adjusted pre-tax profits, worth a stonking 29.2p of earnings per share. Accordingly, he has upped his price aim from 48p to a very healthy 66p a share.

With its shares at around 41p the group is valued at only £214m.