Iog Share Discussion Threads

[thelongandtheshortandthetall] 29/4/2022 19:11

Sharelockholmes has these at 29p EPS for fy22

WTF am I missing?
Genuine question.

[fardels bear] 29/4/2022 13:10

The NIMBYs won't like that. Still, it's sarf of the river, I suppose.

[edgar222] 29/4/2022 12:35

The recent presentation said drilling had restarted at Southwark.

[bountyhunter] 29/4/2022 10:14

Today's drop is annoying to say the least, especially not being in line with the rest of the sector which is mainly up or level on the day. Over 3 months even with first gas announced from two fields IOG has been significantly underperforming!

[bountyhunter] 29/4/2022 10:08

That's Q4 then lol! Thanks.

[marvelman] 29/4/2022 10:07

Bounty

From the RNS of 11th March
Southwark

The Company has in parallel been making good progress with the required regulatory and commercial processes to implement the rock dumping solution to the seabed scour issue at the Southwark field location. Resumption of Southwark drilling therefore remains targeted for later this month, potentially moving to mid-April due to the interplay of logistical factors and tidal conditions. On that basis, Southwark First Gas currently remains targeted for Q3 2022.

I am not holding my breath based on their previous missed deadlines

[bountyhunter] 29/4/2022 09:52

MM your suggestion is looking more and more likely. When is the next addition to 'first' gas anticipated, I've lost touch other than Southwark drilling is believed to be now proceeding and a permanent fix to Blythe is due which shouldn't impact production, whatever level that may currently be at.

[marvelman] 29/4/2022 09:11

Yes Edgar, so many scenarios to consider here...the actual scenario of course will be what best suits the IOG BOD which is unlikely to benefit us quite as much

[bountyhunter] 29/4/2022 08:44

...and IOG management may no longer obstruct a takeover given they have loaded themselves up with options which would no doubt crystallize early in such an eventuality.

[marvelman] 29/4/2022 08:40

This is my thinking Bounty. This cannot surely be PI's selling at these levels with so much to come and in todays gas market. Certainly believe LOG are in the frame here to explain this selling one way or another

[bountyhunter] 29/4/2022 08:36

#931
Hadn't considered that mm. If so I hope it's not managed by Jeffries! Could explain the price weakness with potential participants being given the nod if the case. The best scenario would be for SQZ to buy LOG out!
...and then the rest :)

[marvelman] 29/4/2022 08:32

This relentless selling cannot be LOG still drawing their fee money

[marvelman] 29/4/2022 08:30

Does anyone else think as I do that LOG are planning a secondary placing a la SQZ?

[thelongandtheshortandthetall] 27/4/2022 15:26

You just know putin is going play silly b7ggers with gas.
UK gas is a sensible bet right now I reckon.

[bountyhunter] 27/4/2022 09:36

Forward prices are linked in the header.

[tom111] 27/4/2022 09:27

If the gas prices as high as this now what will it be towards winter?

[tom111] 27/4/2022 09:16

LOG are imo waiting for a good offer to come along

[bountyhunter] 27/4/2022 09:11

Absolutely Dh.
Mm, I guess that LOG maybe selling periodically in the market to pay themselves their 'admin' fees.

[dunderheed] 27/4/2022 09:00

Absolutely amateur hour.
924, no rush??!! How about adhering to peer group with regard to operational reporting?
The guys are muppets, IMHO, DYOR and no advice intended, lol!!

[thelongandtheshortandthetall] 27/4/2022 08:58

added another 14000.
To many positives here IMO.
LOG is not that important.
They've said there is no rush - According to reports from the investor meet up.
DYOR of course:)

[flyer61] 27/4/2022 08:45

Very much so Marvelman. It is either amateur hour with this lot or there is a serious agenda which is not going to do us any favours.

[marvelman] 27/4/2022 08:27

But why sell in the market Bounty. Have they even made an attempt to put their shares out for auction?..it seems not as they would have had multiple willing buyers in this market. Clearly they have their own agenda.

[bountyhunter] 27/4/2022 08:22

I was thinking the same and wondering what the management may come up with next, Blythe permanently fixed, current rates and Southwark drilling would be a good start but that would be too obvious ;)

On the other hand the price may simply be being kept down by LOG trickle selling.

At least for today the increase in the gas price cannot be ignored.

[marvelman] 27/4/2022 08:18

Something is just not right with this share price action. If LOG are selling by dripping stock into the market they are not playing a normal game and I really cannot believe someone else is not interested in this company given the gas environment. Those two points are surely related.