Iog Share Discussion Threads

[bountyhunter] 03/4/2022 15:42

There's no harm in discussing it, it's relevant and discussing the possibly is not pointless at all whether it happens anytime soon or not.

[thegreatgeraldo] 03/4/2022 14:31

bountyhunter31 Mar '22 - 19:21 - 758 of 766
0 3 0
If Putin does cut off Europe's gas supply tomorrow where is the gas price going to end up?

...Seems unlikely, but first thing that would happen would be to address demand....heavy (industrial) users would either be shifted to interruptible supply, or simply told to shut down operations........ pointless speculating about something that probably isn't doing to happen any time soon.

[bountyhunter] 03/4/2022 13:20

In the UK apparently ministers have ruled out energy rationing which probably means they are considering it but don't want to spook people.

[tonytyke2] 03/4/2022 07:42

pineapple1 on the SQZ board picked up this also below yesterday:

[jojaken] 03/4/2022 03:47

Only the Express is reporting this. No where else even some hours later is picking up on the story.

[tonytyke2] 02/4/2022 17:40

Does look like a couple of sources, highlighting that the Gazprom gas supply is now cut.



No doubt will become clearer in the next 24hrs.

[bountyhunter] 01/4/2022 22:19

Today and every day they dig a bigger hole for themselves. Some people still have the luxury of a fixed tariff and so are unaffected by the increase in the price cap for the time being, although the numbers are dwindling with so many fixed rate providers having gone bust.

Back to IOG where the longer term chart is looking surprisingly good despite the management failings.

[fardels bear] 01/4/2022 22:13

Well they would bang on about it today. It's the first day of the new price cap and everybody's bills will be heading stratospheric. Just cheap political capital.

[bountyhunter] 01/4/2022 21:06

Labour are still banging on about a windfall tax securing Boris's position for the next two years. Discouraging investment in developing UK gas production to replace the 5% imported from Russia is not the answer. It would be a better idea to increase taxation on foreign imports to offset the energy crisis for those most affected.

[affc21] 01/4/2022 14:07

Updated (March 2022) 2P/2C Gas Reserves/Resources (BCF):All figures Net to IOG.Phase 1:Blythe 2P 21.3 - on productionElgood 2P 7.1 - on productionSouthwark 2P 35.6 - upcoming drill...Phase 2A:Nails worth 2P 49.7...Phase 2B: Northern HubGoddard 2C 57.5...Phase 2C:Elland 2P 27.5...Phase 3: Southern HubAbbeydale 2C 11.5Kelham NorthKelham CentralThornbridgeThornbridge DeepOrrellGoddard Flank OneGoddard Flank TwoSouthsea...Phase 4:Panther 2C 23Grafton 2C 17.5...Source:IOG annual report & accounts 2021 (page 10).FY2021 results and Corporate & technical update (investor presentation).

[bountyhunter] 31/3/2022 19:21

If Putin does cut off Europe's gas supply tomorrow where is the gas price going to end up?

[affc21] 31/3/2022 16:36

IOG Cash Flow Calculations:Operational Update (29 March 2022) company stated,"Over the past week, the Elgood well has flowed continuously at a stable rate in excess of 50 mmscf/d. Blythe has also flowed at rates in excess of 40 mmscf/d. "https://www.investegate.co.uk/iog-plc--iog-/rns/operational-update/202203290700093111G/That is a combined gas flow rates of 90mmcf/d.So being conservative in my following calculations I have reduced the gas flow rate by 20% = 72mmcf/d.And IOG share (50%) is36mmcf/d......36mmcf/d * 365 (days) * £2.5 (Therm price) = £339mplus400boe/d * 365 (days) * £90 (Oil price) = £13mTotal = £352m for a full 12 months production.......Therm price is all over the place just lately, which is presently at 297p for winter22.IOG market cap. approx. £207m at 39.5p per share.

[itsriskythat] 31/3/2022 14:40

Russia to halt gas supplies from tomorrow!

[tom111] 31/3/2022 14:31

Why not an RNS then

[itsriskythat] 31/3/2022 14:26

I can see from your link there was zero flow for three days and agree it is now back on.

[officerdigby] 30/3/2022 20:10

According to where I'm looking the flow is back on.

Only 3 days down....

hxxps://mip-prd-web.azurewebsites.net/DataItemViewer/ViewReportDataItem

Search: Beach and IOG

Daily flows.

The units seem correlate with 10,000 CM/d

(wish I'd checked b4 the close!)

[bountyhunter] 30/3/2022 18:15

Not a bad day for IOG - and oil & gas shares generally - distrust of Putin?

[bountyhunter] 30/3/2022 08:57

Interesting, even IOG could end the day blue?



A complete shutdown of Russia’s gas supply to Europe is now looming as a possibility, with G7 nations refusing Vladimir Putin’s demand to pay for Russian gas in roubles and Moscow insisting it will not export gas for free.

[itsriskythat] 30/3/2022 08:42

Gas price going to be higher for longer.

There's a disagreement between the Kremlin and Germany, as well as other "unfriendly" countries, about payment for gas being made in Roubles. Germany refuses to pay in Roubles and Gazprom says it can't supply Germany for free.

[itsriskythat] 30/3/2022 08:41

UK NBP gas Apr 2022 contract now 282p

Russia could cut off European gas supplies

[jojaken] 30/3/2022 08:40

UK Gas
GBp
282.0000 Daily change +18.58 +7.05%

So much for the pull back in gas prices. It would seem they are shooting back up.

[bountyhunter] 30/3/2022 08:21

All other gas related shares in the header are up or unchanged today leaving only IOG down! Maybe the price here will pick up when Southwark drilling has resumed.

[bountyhunter] 29/3/2022 13:34

So Q4 22 which probably means Q1 23 in reality, but the market has most likely factored that in! Despite the setbacks which have become par for the course, on balance with the initial flow rates slightly ahead of expectations (and disregarding the few days outage of Blythe which may come back to bite me!) I topped up earlier @37p. Gas prices are still high and we know there is no hedging, yet.

NPB spot
262.50GBP
CHANGE
16.73(+6.81%)