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EXCLUSIVE: Aminex CEO says 'Institutions are delighted' with Zubair farm-out terms Watch Here

EXCLUSIVE: Aminex CEO says 'Institutions are delighted' with Zubair farm-out terms
EXCLUSIVE: InfraStrata continue to negotiate with major gas companies and institutional investors


Independent O&g Share Chat (IOG)



Share Price: 30.25Bid: 29.50Ask: 31.00Change: 1.00 (+3.42%)Riser - Independent O&g
Spread: 1.50Spread as %: 5.08%Open: 29.25High: 30.25Low: 29.25Yesterday’s Close: 29.25


Share Discussion for Independent O&g


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Peakview
Posts: 2,122
Opinion:No Opinion
Price:30.15
RE: 30+
Today 12:15
GGIS

Agree with all you say ref: technical advances and series of positives, but especially with AIM companies, the big hitters hold back until they are comfortable with all the funding arrangements - and that includes a second substantial tranche for the Burgers of Schweiz. Meanwhile the more adventurous and well informed P.I.s can top up at the perceived best prices - which IMHO is anything below the 30p marker?
 
GreatGigInTheSky
Posts: 697
Opinion:No Opinion
Price:29.25
RE: 30+?
Today 10:06
EC75,

We were never going to get updated positive IPP results as there was none carried out due to the Subsea7 DSV's all being contracted elsewhere.
By carrying out the detailed metallurgy and collating all of the available information they have confirmed integrity and as they will have to carry out a further IPP prior to first gas, this makes perfect sense to move things forward.

Moving on to the FID, with companies like Burggraben Holdings investing in over 10m shares at around 30p they will be very confident that we are going all the way before piling in at this stage.

I am surprised we have not moved back into the 30p+ given that there is now a proven pipeline with a new build cost saving of £100m and 2-3 year manufacture / installation, but that's AIM for us and as long as they are ticking those massive boxes I am happy because in good time the market will eventually catch up and we will realise the full value and potential.

Its been a long wait over the past few years but the next year is going to be much more exciting and profitable.

All the best

GG
EastCoast75
Posts: 70
Opinion:No Opinion
Price:29.25
30+?
Today 09:35
I was expecting positive IPP integrity results with the RNS when I read pipeline confirmation. IOG sound confident that they will get the FID though? I’m not surprised the SP hasn’t shot up.
stubluekpl
Posts: 2,581
Premium Chat Member
Opinion:No Opinion
Price:29.25
30+?
Today 08:34
Hopefully the market will take in the RNS yesterday. Its another great step forward and im surprised we arent in the 30's yet
Peakview
Posts: 2,122
Opinion:Strong Buy
Price:29.25
RE: FID
Tue 20:36
I can understand your caution PD - mainly from personal experience with start-ups being full of promise then failing for lack of funding at crucial stages. These have mainly been in underdeveloped countries with poor and corrupt governance, and have zero connection with the IOG project - with timing,expertise, location, great resource and skilful reliable management all in place. Also, MR has a great track record of success in bringing the required funding to the table - and my confidence in him and the project is unshakeable. We ticked yet another box today, so GLA to a highly encouraging and knowledgeable group of long termers on this board.
PipeDragger
Posts: 131
Opinion:No Opinion
Price:29.25
RE: Will the FID the real decider on SP
Tue 16:32
600T. Yes it is good news and welcome ..... but only really a final confirmation of what was announced last month. It gives a bit of price support but the real change will come when the FDP arrives and the shape of the fund raising is known. By this time next year it should be very exciting for the long term holders.
600Thieves
Posts: 609
Opinion:No Opinion
Price:29.00
Will the FID the real decider on SP
Tue 12:46
Although the news today on the pipeline is excellent, it seems we are falling back on the SP a little midday. I had thought this would boost the SP and do wonder whether the sharp increase to circa 30+p was much more to do with BH’s taking a 10% stake. It beggars belief that the savings in cost and time don’t seem to have the expected impact on the SP.

GG was bang on target when he said maybe they wouldn’t need a re-run. Brilliant negotiations by the team in achieving this. I’m no expert but surely we would have had a final run before First Gas in any event and especially with the added 7k of pipeline.

For me, it is important that we got this RNS today. I wonder if we are now going to get a regular and timely news flow and is this partially down to Fiona MacAulay whose communication skills are firat class? Could her appointment also be connected to Skipper as she is a Geologist?

We’ve seen slippage a few times. An extra month for FDP and FID is not disastrous and maybe they will make this up along the line. As AH said “This has helped to protect our timeline to FID which in turn ensures that we keep the overall project on schedule to hit First Gas in late 2019”. I’ve worked on First Gas being sometime in 2020 as opposed to Q4 2019 as there are probably going to be hiccups along the way and those extra few months will give a better idea as to the revenue stream IOG generate.

All IMO – GLA.
dinsalas32
Posts: 252
Opinion:No Opinion
Price:29.50
malcys blog.
Tue 11:30
Malcys blog below. Looking forward to his next update after meeting IOG next week.

Independent Oil & Gas

IOG has updated on the Thames pipeline integrity confirmation, analysis shows that 60km of the offshore sector indicates that the pipeline condition is ‘as new’. The company are now completing this integrity test by inspecting the Bacton end of the line in the coming weeks.

As a result of these tests the company are now not going to do the intelligent pigging until first gas although given that the last test was ‘inconclusive’ it will surely need to be done. I imagine that doing it all when the extra 7km has been added is where the cost savings lie given the nature of the process. Finally there has been a small delay in the FID which is now expected at the end of September. I am meeting with the team next week so will update more after that.
Boulevard
Posts: 228
Opinion:Hold
Price:29.25
RE: Company just told us
Tue 10:22
It’s funny how difficult it is to predict the market, and people’s initial appetite and response for amazing news. They have saved £millions here.

Anyway, no more topping up at these levels for me. I’m gonna hold tight and see how this plays out over next 24 months. The best company I’ve ever invested in, is about to become the most amazing company I’ve ever invested in.
Peakview
Posts: 2,122
Opinion:No Opinion
Price:29.25
RE: great RNS
Tue 09:33
Superb news as we all wanted - and as you say, wakey wakey Cityboys, this is wickedly undervalued with so much in place for a great future energy product. Also cheers sage, will have a good gander at that one - and keep smiling, we are all aboard the IOG speedboat now!
stubluekpl
Posts: 2,581
Premium Chat Member
Opinion:No Opinion
Price:28.75
great RNS
Tue 08:25
amazing news. lets go!
karlo90
Posts: 110
Opinion:Strong Buy
Price:29.60
Company just told us
Tue 08:12
it's saved £100 million and shares up pitiful. Come on market FFS. Should be up about 20% today I'd have thought, touching 35p
GreatGigInTheSky
Posts: 697
Opinion:No Opinion
Price:29.00
RE: More fantastic news!!
Tue 07:48
karlo90

Just as important to me is not only a massive saving as you say, but 2 years to manufacture and install would have meant well into the 2020's for first gas and not 2019.
Basically they have played an absolute blinder and have an "as new" pipeline for peanuts.
If Carlsberg did O&G companies !!

GG
karlo90
Posts: 110
Opinion:Strong Buy
Price:29.00
More fantastic news!!
Tue 07:34
This final confirmation means the pipeline we paid a 'nominal' sum for is as 'new'. The saving to IOG is in the order of £100 million - yes £100 million. Quite incredible we are market capped at barely £30 mill. Come on city wake up!
GreatGigInTheSky
Posts: 697
Opinion:No Opinion
Price:29.00
RE: RNS
Tue 07:33
Longside,

I totally agree.
The fabricators will be cutting and welding steel for the Platforms as soon as the FID is announced, then folk will really wake up to the fact this development is really happening and not like most AIM companies who promise so much that never comes to fruition.

Very exciting times ahead for sure.

GG
Longside
Posts: 1,942
Opinion:No Opinion
Price:27.50
RE: RNS
Tue 07:21
A little bit of redemption for the co. here I think. Another IPP run at this point would've been a pain with the vessel situation.

Most important thing (in my opinion only) is that the funding group must be content with the approach else they wouldn't have taken it.

You'd imagine they'll be cutting first steel not very long after FID/FDP approval.

:)
GreatGigInTheSky
Posts: 697
Opinion:No Opinion
Price:27.50
RE: RNS
Tue 07:13
Absolutely brilliant news and outcome for the pipeline.
Yet another massive box ticked and step nearer FID, albeit coming a few weeks later than thought but no apparent delay to the first gas date of Q4 next year.

Onwards and upwards

GG
dunderhead
Posts: 813
Opinion:No Opinion
Price:27.50
RE: RNS
Tue 07:13
Yep my 'hopes' crystallised.
All getting very exciting!!
sage
Posts: 58,660
Opinion:No Opinion
Price:27.50
peak..lol
Tue 07:13
I think you know I have a small speculation in BZT...lol.. Not really a miner,just an asset holder,waiting for a buyer.Just seems silly cheap but DYOR.

So RNS this morning seems to confirm what many thought.All going well,more news September.Hopefully this one will not be followed by any financial fund raising!Mind you it will be a relief when we know exactly where we are re shares in circ befoire first gas.All good then,should help the shareprice this morning.GL all
Longside
Posts: 1,942
Opinion:No Opinion
Price:27.50
RNS
Tue 07:08
:)

Good news. Next stop FDP approval and FID.
Peakview
Posts: 2,122
Opinion:No Opinion
Price:27.50
RE: yep for sure
Mon 17:00
Sage-Are you prepared to reveal the identity of "your little miner"? Would be a hoot if it was the same as mine.
sage
Posts: 58,660
Opinion:No Opinion
Price:27.25
yep for sure
Mon 15:44
they HAVE to drill Harvey.Sit tight people..! ignore the white noise.I`m sitting in a few tiddlers I expect to multi up.My little miner is below where iog was post skipper! I have no concerns however.If you see a firesale of a company with assets you have to get involved (after research) Modest sum,of course.Many in here were in cheaper than me when I started getting in at 7p..Everything comes to those who wait.GL all
jumpedship
Posts: 106
Opinion:No Opinion
Price:27.50
RE: RE: There is a fund raise ahead
Mon 11:34
MR and Co. will not agree to any deal which will not benefit themselves in the longer term, simple as. They have far more invested here than any humble PI and this is not a vanity project, but based on good hard business sense.

At the moment we have assets without a confirmed 100% export route and without funding to progress. The FinnCap 50p price target is fully diluted risked. It takes account of a doubling in the share count due to LOG. So surely when the pipeline news is in, and we have funding to proceed, which I expect will include an equity element but, which I very much doubt would triple the share count, the value of the company should surely rise. A look back at the funding deal IOG was offered originally for Skipper, later withdrawn due to oil price fall, may give an idea of what may be achievable.

The relinquishment report for Blythe which shows additional potential upside due to oil previously found is encouraging and helps understanding of the possible potential. IOG are also looking to drill Harvey asap and this is expected to be in 2018 as far as I remember(don't have time to go back through RNS,s at mo)

Talk of funding and dilution often leads people to sell up beforehand but without funding, in whatever form it may take IOG are going nowhere. .

GLA

https://itportal.ogauthority.co.uk/web_files/relinqs/p467.pdf
Smut
Posts: 820
Opinion:No Opinion
Price:27.50
RE: RE: There is a fund raise ahead
Mon 11:09
Personally, i think a fund raise in some form or another is inevitable. However, i do believe this will be minimal and not for some time yet! MR and co, have been very shrewd and astute thus far. Being that they convert salaries to share holding suggests to me that they are heavily aligned. There is also the posibility that the only dilution in the end will be their salaries?
Im not concearned about this in the slightest!
Atb smut
Peakview
Posts: 2,122
Opinion:No Opinion
Price:27.50
RE: There is a fund raise ahead
Mon 10:03
PD - true about the raise, but I hardly think a reputable broker like Peel Hunt would be flagging up a strong buy message at the 30p mark plus a medium term target of 60p if they were expecting a retrace to 20p in the meantime? Brokers have been wrong before, but these boys do their homework - particularly on the finances of an AIM company- before making any firm recommendations.




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