Sula Iron Share Discussion Threads

[temmujin] 18/10/2017 18:56

next assay results for sula will 5 bag this share...trust me

[parsons4] 18/10/2017 18:54

This site has become pathetic . I have met the boss and I made a huge mistake not taking profits but I have been averaging because I think that this has a very dedicated team who may very well be successful in the end GLA

[europa79] 18/10/2017 18:45

My thoughts on SULA - well, it's brown.....

[europa79] 18/10/2017 18:27

Post of the day atlantic57. Even if you'd just left it with those first three words!!

[atlantic57] 18/10/2017 18:08

This is pathetic RNs .zero detail and
Offering the prospect of a new investor
Coming on board when the share price has lost close to 90% of its value.

[dudleym1975] 18/10/2017 09:41

Get into vast and ggp

[boom boom bang bang] 18/10/2017 08:14

IOG Breaking out







Guys iog starting to move 11% up


11% so



Material news this year




Independent Oil & Gas PLC LOI signed with Key Contractor ODE

18/10/2017 7:00am
UK Regulatory (RNS & others)

Independent O&G (LSE:IOG)
Intraday Stock Chart
Today : Wednesday 18 October 2017

Click Here for more Independent O&G Charts.
TIDMIOG

RNS Number : 8810T

Independent Oil & Gas PLC

18 October 2017

18 October 2017

Independent Oil and Gas plc

LOI signed with Key Contractor ODE

Independent Oil and Gas plc ("IOG" or the "Company"), the development and production focused Oil and Gas Company, is pleased to announce that it has signed a Letter of Intent ("LOI") with Offshore Design Engineering Limited ("ODE") to perform several key contractor roles for its Blythe Hub and Vulcan Satellites Hub development ("the Project"), starting with technical and operational support ahead of Final Investment Decision ("FID").

Highlights:

-- ODE to provide extensive technical and operational support to IOG in both pre- and post-FID stages to deliver the Project into production

-- ODE to be the Operations & Maintenance service provider
-- Pre-FID costs to be fully deferred and pre-First Gas costs to be 50% deferred until first gas, thereby reducing IOG's funding requirements

-- LOI further strengthens IOG commercial model with ODE as a key contractor incentivised to deliver first-rate performance

ODE will be responsible for the operational management of all IOG's assets and for the Thames Pipeline and network of in-field pipelines, with IOG continuing to be 100% Licence Owner and Operator for all assets in the Project. It is also intended that ODE will be the Operations and Maintenance contractor upon first gas, hosting IOG's onshore operational base at its facilities in Great Yarmouth, close to the Bacton terminal. The pre-FID technical and operational support work is due to start immediately while contract terms are being finalised.

Mark Routh, CEO and Interim Chairman of IOG commented:

"We are very pleased to be working with ODE who will be a trusted partner in IOG's Blythe Hub and Vulcans Satellites Hub development. ODE has a wealth of relevant experience and manages several fields for other Operators in the Southern Gas Basin of the UK North Sea, so we will benefit from synergies with their existing operations. In line with our commercial model, the cost deferrals also tangibly improve IOG's funding position both before and after FID.

This LOI reflects the team's continued strong progress with the IOG gas portfolio. We look forward to finalising the contract with ODE and agreeing similar terms with other key contractors to continue delivering our gas hub strategy."

ENDS-

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

Enquiries:







Independent Oil & Gas PLC CPR Confirms Significant Reserves Upgrade

12/10/2017 7:00am
UK Regulatory (RNS & others)

Independent O&G (LSE:IOG)
Historical Stock Chart
1 Month : From Sep 2017 to Oct 2017

Click Here for more Independent O&G Charts.
TIDMIOG

RNS Number : 3782T

Independent Oil & Gas PLC

12 October 2017

12 October 2017

Independent Oil and Gas plc

CPR Confirms Significant Reserves Upgrade

Independent Oil and Gas plc ("IOG" or the "Company"), the development and production focused Oil and Gas Company, is pleased to announce the results of a Competent Person's Report ("CPR") on the Vulcan Satellites, Blythe and Elgood assets by ERC Equipoise Limited ("ERCE") as at 1 October 2017.

Highlights:

-- CPR confirms 2P gas Reserves of 303 BCF (54 MMBoe), previously 34 BCF, in IOG's UK Southern North Sea ("SNS") gas portfolio

-- 2P Reserves classification applied to all of IOG's development assets: the Vulcan Satellites, Blythe and Elgood

o Vulcan Satellites 2P Reserves of 248 BCF

o Blythe 2P Reserves of 33 BCF, in line with 2013 CPR

o Elgood 2P Reserves of 22 BCF

-- CPR estimates a 2P peak production rate in excess of 200 MMcfd (c. 35,000 Boe/d)
-- Significant prospective resources in Harvey to be published in a forthcoming separate CPR
CPR Process:

During 2017, IOG built its own proprietary static geological model based on interpretation of the reprocessed 3D seismic available from multiple surveys across the whole SNS portfolio. This resulted in a robust and consistent estimation of the gas in place volumes in all the Company's SNS gas assets. This was followed by dynamic reservoir modelling and optimal well design and placement, including hydraulic stimulation modelling for the Vulcan Satellite fields. This in turn enabled the development of production forecasts for each field. ERCE reviewed IOG's proprietary subsurface work, production forecasts, costs and economic assumptions. ERCE then made its own independent assessment of the recoverable Reserves from the portfolio, the project development and operating costs and the resultant economics as summarised below.

The CPR presents the economic Reserves and valuation of IOG's five development fields as at 1 October 2017 using data and information available up to 30 September 2017 and applying the PRMS standard. The table below shows the CPR estimates of Reserves and Net Present Values, both undiscounted and discounted at 10% ("NPV(10) ") for IOG's 100% interests in the fields.






NEWS DUE IN THE NEXT FEW DAYS, LAST UPGRADE SHARES WENT UP 100% LAST WEEK


n addition, we shortly expect to receive a further CPR on the Harvey structure which provides very material upside to our portfolio

[boom boom bang bang] 18/10/2017 08:05

Guys iog starting to move 8% up

Material news this year




Independent Oil & Gas PLC LOI signed with Key Contractor ODE

18/10/2017 7:00am
UK Regulatory (RNS & others)

Independent O&G (LSE:IOG)
Intraday Stock Chart
Today : Wednesday 18 October 2017

Click Here for more Independent O&G Charts.
TIDMIOG

RNS Number : 8810T

Independent Oil & Gas PLC

18 October 2017

18 October 2017

Independent Oil and Gas plc

LOI signed with Key Contractor ODE

Independent Oil and Gas plc ("IOG" or the "Company"), the development and production focused Oil and Gas Company, is pleased to announce that it has signed a Letter of Intent ("LOI") with Offshore Design Engineering Limited ("ODE") to perform several key contractor roles for its Blythe Hub and Vulcan Satellites Hub development ("the Project"), starting with technical and operational support ahead of Final Investment Decision ("FID").

Highlights:

-- ODE to provide extensive technical and operational support to IOG in both pre- and post-FID stages to deliver the Project into production

-- ODE to be the Operations & Maintenance service provider
-- Pre-FID costs to be fully deferred and pre-First Gas costs to be 50% deferred until first gas, thereby reducing IOG's funding requirements

-- LOI further strengthens IOG commercial model with ODE as a key contractor incentivised to deliver first-rate performance

ODE will be responsible for the operational management of all IOG's assets and for the Thames Pipeline and network of in-field pipelines, with IOG continuing to be 100% Licence Owner and Operator for all assets in the Project. It is also intended that ODE will be the Operations and Maintenance contractor upon first gas, hosting IOG's onshore operational base at its facilities in Great Yarmouth, close to the Bacton terminal. The pre-FID technical and operational support work is due to start immediately while contract terms are being finalised.

Mark Routh, CEO and Interim Chairman of IOG commented:

"We are very pleased to be working with ODE who will be a trusted partner in IOG's Blythe Hub and Vulcans Satellites Hub development. ODE has a wealth of relevant experience and manages several fields for other Operators in the Southern Gas Basin of the UK North Sea, so we will benefit from synergies with their existing operations. In line with our commercial model, the cost deferrals also tangibly improve IOG's funding position both before and after FID.

This LOI reflects the team's continued strong progress with the IOG gas portfolio. We look forward to finalising the contract with ODE and agreeing similar terms with other key contractors to continue delivering our gas hub strategy."

ENDS-

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

Enquiries:







Independent Oil & Gas PLC CPR Confirms Significant Reserves Upgrade

12/10/2017 7:00am
UK Regulatory (RNS & others)

Independent O&G (LSE:IOG)
Historical Stock Chart
1 Month : From Sep 2017 to Oct 2017

Click Here for more Independent O&G Charts.
TIDMIOG

RNS Number : 3782T

Independent Oil & Gas PLC

12 October 2017

12 October 2017

Independent Oil and Gas plc

CPR Confirms Significant Reserves Upgrade

Independent Oil and Gas plc ("IOG" or the "Company"), the development and production focused Oil and Gas Company, is pleased to announce the results of a Competent Person's Report ("CPR") on the Vulcan Satellites, Blythe and Elgood assets by ERC Equipoise Limited ("ERCE") as at 1 October 2017.

Highlights:

-- CPR confirms 2P gas Reserves of 303 BCF (54 MMBoe), previously 34 BCF, in IOG's UK Southern North Sea ("SNS") gas portfolio

-- 2P Reserves classification applied to all of IOG's development assets: the Vulcan Satellites, Blythe and Elgood

o Vulcan Satellites 2P Reserves of 248 BCF

o Blythe 2P Reserves of 33 BCF, in line with 2013 CPR

o Elgood 2P Reserves of 22 BCF

-- CPR estimates a 2P peak production rate in excess of 200 MMcfd (c. 35,000 Boe/d)
-- Significant prospective resources in Harvey to be published in a forthcoming separate CPR
CPR Process:

During 2017, IOG built its own proprietary static geological model based on interpretation of the reprocessed 3D seismic available from multiple surveys across the whole SNS portfolio. This resulted in a robust and consistent estimation of the gas in place volumes in all the Company's SNS gas assets. This was followed by dynamic reservoir modelling and optimal well design and placement, including hydraulic stimulation modelling for the Vulcan Satellite fields. This in turn enabled the development of production forecasts for each field. ERCE reviewed IOG's proprietary subsurface work, production forecasts, costs and economic assumptions. ERCE then made its own independent assessment of the recoverable Reserves from the portfolio, the project development and operating costs and the resultant economics as summarised below.

The CPR presents the economic Reserves and valuation of IOG's five development fields as at 1 October 2017 using data and information available up to 30 September 2017 and applying the PRMS standard. The table below shows the CPR estimates of Reserves and Net Present Values, both undiscounted and discounted at 10% ("NPV(10) ") for IOG's 100% interests in the fields.






NEWS DUE IN THE NEXT FEW DAYS, LAST UPGRADE SHARES WENT UP 100% LAST WEEK


n addition, we shortly expect to receive a further CPR on the Harvey structure which provides very material upside to our portfolio."

[edcrane] 18/10/2017 07:40

New here .... I think what this statement actually is saying is that SULA is in play

[sleveen] 18/10/2017 07:14

It means we ain't got any more money to drill further and we're trying to entice a big company to invest and receive 90% of the assets for their trouble.

[failedqs] 18/10/2017 07:11

Meaningless RNS today - I can't see the point of it, as surely they should have been planning what to do next anyway?!Desperation by the look of it. They've raised millions in the last year but that's gone, and they probably can't get another fundraise away now, so the future is uncertain.Floated at 6p, so practically a member of the 99% club now......

[miss womble] 18/10/2017 07:09

Maybe, just maybe, Sula is not dead yet. It might need considerable resuscitation but where's life there's hope. MW

[europa79] 17/10/2017 14:42

There ain't even any f hills!!!

[deanroberthunt] 17/10/2017 14:40

there's gold in them there hills, just nowhere near enough.

[europa79] 17/10/2017 11:07

My thoughts exactly!

[the crypt] 13/10/2017 07:54

may all yer eggs be vitalized in de machine of vitamins yer blooming fools who follow de gold fools. Fools gold - what is dese? yer sandwiches are full o eggs n mustard wif a bittle bits of chicken cheese.

[escapetohome] 11/10/2017 14:47

Madini capital previous backers of this company.

[bigjames2] 11/10/2017 12:58

Who is Madhini Capital?

[escapetohome] 11/10/2017 12:19

Why did Madhini Capital sell out?

I think we now know.

[qs99] 11/10/2017 11:35

oy temmujin, some nice questions don't need the "you don't have a brain" response do they?

[tsmith2] 11/10/2017 11:34

These current imbeciles are making Warrel look a genius..All the puff dissipated

[temmujin] 11/10/2017 11:11

listen QS dude..ITS OBVIOUS TO ANYONE WITH HALF A BRAIN BIG NEWS IS COMING...the drillers don't drill for fun..they know the score and word gets around..trust me

[qs99] 11/10/2017 11:06

temujin, what new news is expected when the last RNS had the major cost exploration announcement it would appear, and now moving into the low cost analysis and "what next" so how do you expect big news? Likewise admitting you have inside info is not exactly risk free is it?!