Iog Share Discussion Threads

[tidy 2] 20/7/2022 17:03

Or Boombar lol

[bountyhunter] 20/7/2022 16:35

Not quite there @35.75, maybe Friday!

Enjoying a nice pint of Doombar in a pub garden by the sea :)

[tidy 2] 20/7/2022 14:10

Some big development news in the pipeline. Lots for Iog to get their teeth into building out the block doubling production and some this year is only the beginning it seems.

[dunderheed] 20/7/2022 13:37

I'm not sure dummy sells would do that BH?
My "silly" estimation of price movement may see a little tick up before close of play today - but not sure of what I call "market depth" with regards to how strong that will be?

Enjoy the journey matey!

[bountyhunter] 20/7/2022 13:31

I'm on the train now Dh, I'll buy a free round this afternoon if you can push the price up to 37p!

[tidy 2] 20/7/2022 13:21

Thanks risky good prezzo. Looking up.

[dunderheed] 20/7/2022 13:16

1686 - is that a suggestion to try some dummy sells BH?!

[dunderheed] 20/7/2022 13:16

tidy phew - re 1685 - that "writing" - has been on the wall for a very very long time and the f'ing Germans have (incredulously) just ignored their respective risks and perils in line with such strategy and will be reaping those benefits later this year I'm sure!!

[bountyhunter] 20/7/2022 12:55

irt I think the IOG share price may have heard you - is this the start of the ascent to 37p although 40p looks good on the chart :)

[dunderheed] 20/7/2022 12:09

tidy 1682 - I hope you're being ironic there?!

[itsriskythat] 20/7/2022 11:58

Here's the recent IOG presentation by AH at Proactive on 6th July ..



IOG intend to apply for three or more new licences in the the neighbourhood of the Saturn Banks pipeline which contain existing gas discoveries.

[tidy 2] 20/7/2022 11:48

Blame the yanks this has been in the pipeline for years.

[tidy 2] 20/7/2022 11:48

U.K. gas 285.

[itsriskythat] 20/7/2022 11:46

The European Commission admits that Europe is being blackmailed by Putin. This is driving the gas price 30% higher today, and the IOG share price is yet to respond.

[bountyhunter] 20/7/2022 10:19

Futures prices are now over £4 for the winter months of Dec-Feb inclusive with 399p for Nov'22 with all eyes are on the Russians and NS1. It nothing changes spot prices should follow although there is LPG to factor in back even renewed supplies from the US are likely to be insufficient this winter.

[dunderheed] 20/7/2022 09:14

xxnjr - let's just call it an "IOG'ism"*!!









* Although I'm sure there is a "good" reason for this disparity that IOG conveniently "forgot" to mention.

All IMHO, and as aver DYOR!!

[tidy 2] 20/7/2022 09:11

245 live no stopping it

[tidy 2] 20/7/2022 08:27

U.K. gas up. 235 therm

[xxnjr] 20/7/2022 08:22

That may explain it. But every month since production started has produced a similar 10% to 20% discount, suggesting there could be another variable. (unless IOG's high output days coincide with weak pricing days which seems an unlikely probability).

[dunderheed] 19/7/2022 23:46

Isn't iog weighted volume average?

[xxnjr] 19/7/2022 22:58

Suggest discounting that by 10% to 20% as the linkage between UK NBP Day Ahead and IOG realisations isn't exactly perfect. How do we know that? Simple. Just take any month and work out the monthly ave UKNBP Day Ahead for that month from bh's link above, then compare that result to Ave Realised Prices for the same month as quoted by IOG.

Should we be bothered it typically* comes in 10% to 20% under? Not at all. IOG are coining it, assuming the gas is flowing.

*for example June
Ave for month as per BH link above: 159p
Ave for month actually realised by IOG: 130p

130p/therm is still c.$93/boe.

20% off ave July NBPDH to date = 171p/therm = c. $122/boe.

Luckily, or perhaps due to earlier teething issues, we have no hedging :)

[alxo82] 19/7/2022 15:15

My estimation is that daily revenue at 225p/th is £421,200 net to iog (40% gross)