Iog Share Discussion Threads

[bountyhunter] 06/2/2023 13:41

This has to be up there as one of my worst investments ever, an appalling state of affairs although something could yet come good with A1 / Blythe 2. What we need now is a timeline for A1 & Blythe 2 and assurance of funding.

[comedy] 06/2/2023 13:07

20% of stock changed hands

[brut winky] 06/2/2023 12:38

Funny how insiders only own 1.8%, why hasn't anyone step up and bought ?. Looks like just another lifestyle company.

[ashkv] 06/2/2023 12:22

HBR cheaper than IOG based on current production - Enterprise Value / Flowing Barrel....


Harbour Energy Share Price : 300.0p
Brent : $80.50
UK Natural Gas: 145p
Shares Outstanding : 841,162,324
GBPUSD Exch Rate : 1.205
Market Cap GBP : £2,523,486,972
Market Cap USD : $3,040,801,801
Net Debt (2023 Jan Update): $800,000,000
Enterprise Value USD (EV) : $3,840,801,801
HBR Mid:Point Production Guidance 185k-200k for 2023 (Bpd) : 192,500
HBR 2022 Average Production (Bpd) : 208,000
EV/Barrel:USD Mid 2023 Guidance : $19,952
EV/Barrel 2022 Average Production: $17,538
(Decommissioning costs : HALF YEAR 2022 Results) : $5,092,000,000
(Decommissioning Costs : Discounted at 10% & After Tax) : $2,000,000,000
EV And After Tax Discounted Decom Exp / Barrel : $46,404
Dividend USD 200mn per annum - Dividend Yield: 6.58%
Net Payout Yield (NPY = Div(Y) + Buybacks(Y) + Tender(N) : 19.73%

[ashkv] 06/2/2023 12:19

Brent: $80.50
British Gas Prices (Next Month): 145
IOG Share Price: 5.1
Shares Outstanding: 523,855,758
GBPUSD: 1.2
EURGBP: 0.9
EURUSD: 1.08
MarketCap GBP: £26,716,644
MarketCap USD: $32,059,972
Cash - GBP (Jan 2023 Corporate Update RNS): £32,400,000
Cash - USD (Jan 2023 Corporate Update RNS) $38,880,000
Debt (GBP): £97,580,000
Debt (USD): $117,096,000
Net Debt (GBP) Per Jan 2023 Corporate Update: £65,180,000
Net Debt (USD) Per Jan 2023 Corporate Update: $78,216,000
Enterprise Value (Jan 2023 Corporate Update RNS): $129,639,972
2022 Actual Average Production: 5,206
2023 Production To Date (25 Jan 23 RNS): 3,515
Guidance for 2023: ???
Enterprise Value/Barrel 2022 Actual Average Production: $24,902
Enterprise Value/Barrel Current Production (23 Jan 23 RNS) : $36,882
Enterprise Value/Barrel Mid-Point 2023 Guidance: #VALUE!
Decommissioning Expenses (GBP): £16,600,000

IOG LIABILITIES
− €100m Senior Secured Bond Maturity 19 Sep 2024: £90,000,000
− LOG Subordinated Convertible Loan: £9,300,000
− Decommissioning provision: £16.6m
Total Liabilities £99,300,000

[deltalo] 06/2/2023 11:56

I'm staying put as I know it's a setback yes, but It's not going to stop A1 being drilled and A2 will be worked on to try increase gas flow. I wish you all the best whatever to decide.

[inaminute] 06/2/2023 11:55

Price action would suggest otherwise!

[tidy 2] 06/2/2023 11:54

Failure was already priced in for Southwark. Topped up.

[dailylarma] 06/2/2023 11:49

Will fill gap in couple weeks

[deltalo] 06/2/2023 11:47

They've managed to reduce water from the well and increase pressure quite considerably, it'll have to be worked on and should give themselves a better result for A1 well. The company is still making profits from the other two wells so the share price doesn't deserve to drop this much, it'll be in the boards interest now to bring the share price back up as there all shareholders also.

[sludgesurfer] 06/2/2023 11:46

And...the almost inevitable impending issue of staff options at these prices as a reward for failure will really grind my gears.

[sludgesurfer] 06/2/2023 11:43

Delt, I'm well underwater myself here but I think I'm going to bail. I've just lost confidence in the technical team despite their recent reshuffle at the top. I'd be very surprised if Cal aren't asking some very hard questions and losing confidence also. I just don't see what near term catalyst there is for the price to increase that won't be more than offset by debt repayment, hedges unwinding and a potentially unfavourable summer gas price environment.I'm interested to know what you see differently here.

[deltalo] 06/2/2023 11:36

I'm disappointed in todays news but still think this will come good, A1 well will be drilled sooner or later and should be done with better results. I'll just keep adding at this level as it's way oversold. Gla.

[amelio] 06/2/2023 11:32

5p looking like the floor here.

[petomi] 06/2/2023 11:26

I would be very interested in the views of those with specialist technical knowledge.

[marvelman] 06/2/2023 11:12

Hard to believe these were 45p less than a year ago.

[stockhunters] 06/2/2023 11:08

lombard selling onto 5p buyers

[daar] 06/2/2023 10:33

Again below 5

[robizm] 06/2/2023 09:46

Good luck as you will need it