Iog Share Discussion Threads

[hpcg] 01/6/2022 21:25

I'm not surprised he's bought. Modelling 12 month revenue, even low-balling like 100p and 30 /d on average, is £2.1m revenue per week or about 2/3 into the EV. The EV itself is about the same as the tax losses. So there are just the operating costs and the supplemental tax to come off, except the latter will be eaten up by the work programme.

[bountyhunter] 01/6/2022 16:41

I got a shock when I just read that, maybe we have finally hit the bottom of this falling knife!
Possibly they have just about fixed that second compressor and will tell us next Monday. Must be easier when you have just done one already.

[alxo82] 01/6/2022 15:35

Andrew Hockey buying 90k shares

[marvelman] 01/6/2022 11:17

Normal (or abnormal) share price service resumed

[dunderheed] 01/6/2022 11:06

Still some persistent selling here?
Should have bloody waited for my last purchase, lol.

[wskill] 01/6/2022 10:33

Have FXPO and I3E SQZ plus now a decent amount of IOG do think that with the EU at last not buying Russian oil and gas after 2022 there is no chance of the price falling anytime soon.

[bountyhunter] 01/6/2022 10:25

and FXPO? a bit of a wild card, ok it's not O&G I know! I have some as a kind of hedge. NAI.

[fardels bear] 01/6/2022 10:12

So does GKP

[fardels bear] 01/6/2022 10:07

Nope. I just don't think they are up to the job. I used to think that pair of i3e were as bad as you could get but they have at least redeemed themselves recently. Still won't buy them either.

[dunderheed] 01/6/2022 10:02

FB you're not tempted - even at these "bargain" prices?

[fardels bear] 01/6/2022 09:57

Doncha just love irony

[sleveen] 01/6/2022 09:36

Bought back in after 5 years away.

Looks like they're cooking with gas :-)

[wskill] 01/6/2022 09:26

Bought a few more even with the poor execution of recent clusters at 24.4p its far too cheap .spread looks tight as well 24.3 to sell and 24.4 to buy.

[dunderheed] 01/6/2022 09:21

I've got to admit I'm as happy as I can be at that RNS - and surely a buying opportunity now?
I "may" buy a few more at this "bargain" price?
Will I ever learn - lol?!

[bountyhunter] 01/6/2022 07:23

On time for the first compressor! One more to go in "approximately one further week". I wonder if that includes the BHs!

"On 31 May, following a PUK modification to one of the CSU's compressors, Saturn Banks production was duly restored at an initial level of approximately 30 mmscf/d. As previously indicated, modification of the second compressor is expected to take approximately one further week. This will then enable Saturn Banks production to be gradually restored to its prior stabilised levels of 55-65 mmscf/d over the following weeks. This is expected to be a gradual process to manage the high levels of liquids currently being worked through the Saturn Banks Pipeline System."

[shareideas1] 01/6/2022 07:18

RNS confirming back up and running

[fardels bear] 31/5/2022 22:02

Even, Dh. Fine thanks. Got me pension and bus pass; old git now officially. Yourself?

[bountyhunter] 31/5/2022 20:27

Well let's see if they surprise us with an RNS tomorrow or just keep us in the dark and let things drift for a second week.

[dunderheed] 31/5/2022 12:39

PS hi FB - hope things are good with you matey?!

[bountyhunter] 31/5/2022 12:34

Good luck! I must admit I bought some FXPO last week which you could well say is a higher risk ;-)

[fardels bear] 31/5/2022 12:26

She's got a limit order in on GKP at 278p and there's a gap at 278 so we know it'll fill.

[bountyhunter] 31/5/2022 12:18

NBP day ahead now back up to ~170p/th but are we actually producing anything again yet ?????

Subject to a safety review scheduled for Monday 23(rd) May, one compressor is expected to be modified within approximately one week, enabling limited initial resumption of Saturn Banks production (currently projected to be c.30 mmscf/d of gas). Following modification of the second compressor, which is expected to take approximately one further week, Saturn Banks production is expected to be gradually restored to normal levels over the following weeks. The outcome of PUK's safety review may yet affect this provisional timeline.