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Independent O&g Share Chat (IOG)



Share Price: 17.625Bid: 17.00Ask: 18.25Change: 0.125 (+0.71%)Riser - Independent O&g
Spread: 1.25Spread as %: 7.35%Open: 17.50High: 17.625Low: 16.75Yesterday’s Close: 17.50


Share Discussion for Independent O&g


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sage
Posts: 57,333
Off Topic
Opinion:No Opinion
Price:17.625
We are not privy to that info
Today 17:15
outside of the legal requirements of rns`ing..Could be the whole lot could be sold in one piece outside the mkts.Who knows.It would require permission from iog but would make sense..
 
sage
Posts: 57,333
Off Topic
Opinion:No Opinion
Price:17.625
dunder ..ah that would explain why
Today 17:13
mac is involved there?.. I think I saw his name pop up there a while back?

GG Thanks ,you make my point very well for me.It`s rare,any further drops below 17 and I`ll probably put some RYA profits in here.Not in any hurry until B/H/ make it clear what they intend to do..
dunderhead
Posts: 132
Off Topic
Opinion:No Opinion
Price:17.625
RE: GG Friends and favour..
Today 16:37
Try sqz they have put together 2 very innovative deals with BP 're Erskine and BKR assets. Not with service companies but the BKR deal very innovative!!
GreatGigInTheSky
Posts: 519
Off Topic
Opinion:No Opinion
Price:17.625
RE: GG Friends and favour..
Today 15:42
sage

As far as limited dilution and brokering great innovative deals go, they have played a blinder to date without doubt.
They have maximised the slump in the O&G sector and got contractors onside with deals that may not have been entertained in a more buoyant marketplace.

Lets hope that they have an equally good deal for shareholders when funding is secured and announced. That will hopefully push the share price in the right direction and bring more investment from those sitting on the side lines awaiting this to derisk.

To answer your question I have no recollection of any other company that I have been a shareholder in brokering deals like this company have secured.
That is the reason, along with previous track record that I am so heavily invested here and have faith in IOG delivering.

GG
sage
Posts: 57,333
Off Topic
Opinion:No Opinion
Price:17.625
GG Friends and favour..
Today 15:25
My supposition is based on never having seen a deal or deals like these before. Not in 40 plus years of investing. The norm being dilution on a grand scale,or nasty pernicious finance / placement experts ripping off desperate companies resulting in a spiral of billions of shares in issue. Perhaps your experience is different? You may have some previous examples .I`m certainly not an O & G expert by any means would appreciate any examples you know of.
GreatGigInTheSky
Posts: 519
Off Topic
Opinion:No Opinion
Price:16.75
RE: Like I said before no evidence ..
Today 12:10
sage,

It£s true that many Oil Service contractors are running way below capacity and very open to find new ways to generate business.
I£m not sure about the friends and favour though. For sure members of the board will have relationships built up from past business which will benefit both parties, but everyone is in business to generate work and make money so any contractor will require a good return for its services, whether deferred or otherwise.

A number of major service companies have swallowed up smaller struggling companies and now offer a more rounded one stop shop for certain areas of drilling, development and production, hoping to work closer with the Oil Companies when projects develop such as Schlumberger working with IOG and agreeing to deferred payments, we will see a lot more of this in the industry in the future.
In the case of BHGE, this is a recent joining of Baker Hughes and GE Oil and Gas which may be the reason that they want payment, the payment is due to GE and maybe trying to close out some debt in the books.

IOG being one of the few companies planning any new activity in the Southern North Sea, they should get plenty of interested parties for the drilling contract and as the Jack-Up sector is quiet I would expect a similar deferment contract being put in place for drilling at least phase 1 of the wells in late 2018 early 2019.
It is certainly a good time for brokering good deals and as most service companies are way under capacity then equipment orders should not be delayed beyond normal delivery times.

Some funding news would be good to see us through 2018 and closer to production which in itself will generate more investors here and boost the share price accordingly.
As fast ted said, it would certainly be good to get more news flowing soon.

GG
Fast_ted
Posts: 121
Off Topic
Opinion:No Opinion
Price:16.75
RE: sp
Today 11:46
Would be good to get some news sooner rather than later. You would think some of the contracts in principle could now be agreed? Good buying opportunity I guess... GLA
sage
Posts: 57,333
Off Topic
Opinion:No Opinion
Price:16.75
sp
Today 11:43
just dropped again..via 2 sales but nothing substantial.
GreatGigInTheSky
Posts: 519
Off Topic
Opinion:No Opinion
Price:17.50
RE: do not forget
Today 10:35
will......

Sorry I missed it embedded in a previous post.
Once again, appreciate your comments and opinion on this.
Now your back from your travels it would be good to have your thoughts on occasion.

GG
sage
Posts: 57,333
Off Topic
Opinion:No Opinion
Price:17.50
Like I said before no evidence yet
Today 10:32
but I suspect some of these contractor arrangements are conducted on a friends and favour basis.As witnessed by that Advfn thread I posted,contractors are not exactly rushed off their feet with business.Deferred payments better than nothing.I see the point of forward options but imo that option may have been rejected by the contractor/s.
I should not be surprised or worried if we sold off a percentage of our "100%" ownership to finance to production.




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