Iog Share Discussion Threads

[wskill] 05/1/2023 11:23

Sometimes I could believe IOG was drilling a wildcat well with the share price movements and not a gas field which was discovered by Conoco Phillips in 2000,Gas prices are still above the 45p mark which made the field profitable .Hopefully we will get some news around the middle of January about Southwark production.

[tidy 2] 03/1/2023 18:17

Gas storage for winter is filled during the summer to cover high demand during winter time. This has a lot to do with it but a couple of weeks ago the EU also put a cap on gas bills which is also a factor. Demand hasn't changed it is just that the the winter supplies have been forward bought. Bonus is IOG are hedged at 300 and 319p therm for Dec and Jan and following this the storage tanks will be ready to start the filling stage again. Plus the IOG model was calculated at 47p therm and production is due to multiply with Southwark on line.

[hpcg] 03/1/2023 15:50

Hottest winter in Europe for a long time (sources vary, depends on the place). UK moves to its own drum with almost no storage. Prices will tend to those of liquefied import. It should be good for demand though, which will empty continental storage more than at the conserved rate.

[bountyhunter] 03/1/2023 12:41

Let's hope they don't need that extra 10%!

"first gas expected by mid-January" from Southwark was the latest, must be close now, maybe even come in early ;) but that would be a first, as long as it's January and initial flow rates are as anticipated the new management will have delivered the goods and imho we will be heading a lot higher.

[therealdeal25] 03/1/2023 12:40

IOG has to bring this in now, or they are dead in the water, I’m 110% sure that they will, there is no other option!
🥂🍾

[letsdothis] 30/12/2022 18:45

IGAS WAIT FOR THE NEW RNS The Company remains on track to deliver its full year production forecast of 1,900-1,950 boepd. In early October a production drive was initiated to ensure wells, plant and equipment had the maximum uptime, going from 3 to 5 fully operational rigs, returning 18 offline wells to production, converting 2 wells from jet pump to beam pumps, lowering operating costs and significantly increasing water injection capacity across our asset base.The planning application for the Glentworth project has now been submitted to Lincolnshire County Council and we await validation. Phase I has the potential to add c.200 bbls/d and development of c.1.0 mmstb 2P reserves.GeothermalThe joint application with SSE to the Green Heat Network Fund is now under consideration by the scheme managers, Triplepoint, and BEIS and we await a decision in early 2023.A total of five tenders have been submitted through the Carbon Energy Fund to conduct detailed feasibility studies into supplying renewable heat to five NHS Trusts. If successful, these could result in five long term renewable heat supply contracts.Chris Hopkinson, Interim Executive Chairman, said:"I am pleased to report that we remain on track to deliver our expected production forecast of 1,900-1,950 boepd, given the challenges in the first half of the year and would like to thank everyone in the business for their hard work in achieving our goal.When I stepped into the role of Interim Executive Chairman, I indicated that there were changes in the business required to make it more efficient to ensure operational excellence in our conventional assets, expedited growth in our geothermal business and we have a structure that appropriately reflects the size and shape of the current business.After a thorough review of the business, there has been a restructuring and rightsizing of the Executive Committee that will enable improved strategic planning and more efficient decision making, as the business looks to create a strong and relevant future for its investor base.We are focused on putting cash generated during high commodity prices to work into maximising recovery from our existing assets and developing near term incremental production opportunities as well as growing our nascent geothermal business into a material enterprise."Ross Pearson, Technical Director of IGas Energy plc, and a qualified person as defined in the Guidance Note for Mining, Oil and Gas Companies, March 2006, of the London Stock Exchange, has reviewed and approved the technical information contained in this announcement. Mr Pearson has 21 years oil and gas exploration and production experience.

[wskill] 30/12/2022 13:58

Much better growth to be had with IOG in my opinion in a shorter time span as well, with test results on A2 due soon.

[robizm] 30/12/2022 12:25

You copy and pasting all over ADVFN really installs confidence

[burtond1] 29/12/2022 06:06

Here @TMSreach we look at 12 #Oil and #Gas Companies that should be worth following over the next 12 months.Last year, each selection averaged a return of 65% with two Companies up 400% and one a staggering 1000% Companies covered include:#88E #ANGS #BEY #BLOE #CHAR #CORO #ECO #EOG #IOG #LBE #NTOG #UJOhttps://total-market-solutions.com/2022/12/12-oil-and-gas-companies-to-follow-in-2023/

[tidy 2] 28/12/2022 23:52

My post on LSE

[tidy 2] 28/12/2022 23:52

Well test and clean up in progress this week so I expect an update as it is price sensitive news then a further RNS or 2 in jan.Tracking DB around Southwark over the holiday it has been quite active.

[bountyhunter] 23/12/2022 18:55

With Southwark that shouldn't be a problem but it's not a slam dunk based on the track record here and I wouldn't want to tempt fate! Assuming Southwark does come onstream sooner rather than later I'm expecting a significant recovery in the share price at that time.

[tidy 2] 23/12/2022 18:49

Quietly confident personally.

[bountyhunter] 23/12/2022 16:48

Yes, so long as they can supply the gas!
Southwark onstream should alleviate that risk.

[tidy 2] 23/12/2022 13:35

Yes cracking hedges at 300 and 319p therm for the winter and 295p therm average for the year.

[officerdigby] 23/12/2022 12:30

This company has had a lot of mess ups.But they keep getting bullseye with their hedges!

[tidy 2] 23/12/2022 12:16

Well stimulation now complete and the pipeline is now being submerged with vessel Daniel Bernoulli hTTps://www.vesselfinder.com/?imo=9778715Select Track and Zoom in we are cracking on now.

[tidy 2] 23/12/2022 11:52

Hi mate. You asked this 2 days ago and I gave you an answer.

[dunderheed] 23/12/2022 09:54

Well we may get some testing clarification next week and if in line with expectations this could prove to be very cheap price, IMHO, dyor.
However if we have to wait until mid January and bad news this will seem pretty expensive in the circumstances.
We will "definitely*" know in three weeks!!






* as definite as we can be with IOG!!

[therealdeal25] 23/12/2022 07:39

I don’t get it, Gas prices at all time high in Summer, now winter is here and more gas being used, it’s collapsing in price, where does investing come into this nowadays?

[bountyhunter] 22/12/2022 17:27

Cheers tidy, I've added the following link to the end of the header to monitor..

[tidy 2] 22/12/2022 16:08

Expected to arrive at Southwark on Dec 22, 13:00.The vessel DANIEL BERNOULLI (IMO: 9778715, MMSI 253350000) is a Pipe Burying Vessel built in 2017 (5 years old) and currently sailing under the flag of Luxembourg.In location confirmed. hTTps://www.vesselfinder.com/?imo=9778715