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Igas Energy Share Chat (IGAS)



Share Price: 102.75Bid: 102.50Ask: 102.75Change: 0.50 (+0.49%)Riser - Igas Energy
Spread: 0.25Spread as %: 0.24%Open: 104.00High: 104.00Low: 102.00Yesterday’s Close: 102.25


Share Discussion for Igas Energy (IGAS)


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shaleinUK
Posts: 25
Off Topic
Opinion:No Opinion
Price:131.50
View Thread (4)
RE: Striebs
9 May '14
cuadrilla is available; through getting in to the AJL share (AJ Lucas) on the ASX. They own around 50% and 25% of the plays directly.

The Ozzies were clearly the front runners in the UK!
 
taudelta
Posts: 219
Off Topic
Opinion:No Opinion
Price:131.00
View Thread (4)
Striebs
9 May '14
Thanks for sharing, you clearly have been round the IGAS and Dart traps.. think the SP is starting to take your view, edging up a little admittedly on small volume. There has been some good PR put into today's announcement.. I liked "national energy champion" which was immediately parroted on BBC radio (and Dart are no dummies at PR either ... take a look folks at the Dart Energy Scotland website (where the outcome of a key public hearing is due late in year concerning Airth where some handy reserves are begging for production)); think the timing was accelerated by concerns that the AIM intro on Monday could have pushed up the SP... also we'll get the BGS soon, probably after the 22 May elections!
There has to be stock market scarcity value now, with Cuadrilla unavailable, EDR essentially the only other play (UJO too tiny and EOG great co but French and Irish assets dominate its picture)... definitely warming to IGAS!
Striebs
Posts: 495
Off Topic
Opinion:No Opinion
Price:131.00
View Thread (2)
RE: Very Interesting
9 May '14
Vernony .

Big oilies getting involved would be bad news for UK shale .

What would be much better would be for big US shalies like EOG Resources or Continental to get involved and by the time they do I've got a feeling they are going to have to be dealing with Andrew Austin .

As a long term Igas and Dart shareholder I'd like to explain why this deal is a massive win-win .

An all cash takeover offer for Dart would have to have been in excess of 50 cents per share to stand a chance of being successful .

The only reason why Dart shareholders like myself will agree to this offer is because we retain exposure to the assets .

Essentially Dart shareholders will view this as a merger .

Forget about the perceived premium . I top-sliced Dart at 16c and they are in better shape now than then .

When Cuadrilla/A.J. Lucas farmed out some of their acreage John Mc Goldrick said that "The playground has got smaller" .

With today's consolidation it got a whole lot smaller still .

Couple of things to keep in mind :-
New South Wales Acreage
- Will be interesting to see whether Igas attempt to sell the New South Wales acreage or wait for the East Coast gas shortage generated by the imminent startup of LNG projects to force the NSW Govt to become more CSG friendly . In 24 months the acreage could be worth more than the current market caps of Igas and Dart .

- Gainsborough Trough acreage
- Igas have increased their interest and operatorship of extra licenses by acquiring Dart's stake . This can be considered good housekeeping too .
- Dart have an option to acquire 80% of PEDL169 from Alkane . If Gainsborough trough is a success then PEDL169 is likely to be super prime .

- Exposes Igas to sub basin's it wasn't previously exposed to .
- Cleveland Basin PEDL146

Be in no doubt that Igas have out-manouvred the majors here and closed the deal .

Andrew Austin has shown that he is THE mover and shaker in UK onshore .

Our man is The Man and he's on a roll and I'd be very surprised if the consolidation has finished .

I wouldn't be surprised to see him make a move on Egdon or even Celtique and try to acquire part of Europa's interest in PEDL181 to cover the bases .
Vernony
Posts: 1,077
Observation
Opinion:No Opinion
Price:131.00
View Thread (2)
Very Interesting
9 May '14
Dart have got some, alleged to be, geological promising hotspots and a good diverse holding in the UK. IGAS looks to be a very good share to hold for the future., wish I had more of them. I believe that the market could now do with one or two (perhaps several) other companies into UK Shale, which could increase competition and keep the well head price lower. But, where are the big oillies ? They have not made a move yet. Perhaps the next round of licencing will bring them out ?
deducter
Posts: 108
Off Topic
Opinion:No Opinion
Price:130.75
WTF is an understatement
9 May '14
I only hope Igas has got its sums right. I have never heard of a premium this big - no wonder Dart is enthusiastic about the deal - the related value of their shares have increased to the detriment of Igas's. Our father, which art in heaven -- I'll have to go now I have a lot of vomit to clean up...WTFFFFFFFFFFFFFFFFFFFFFFFF
Tbadger
Posts: 3
Off Topic
Opinion:No Opinion
Price:130.00
Merger/acquisition
9 May '14
Hi app,

New on this board normally on iii.

So Igas. Andrew Austin has got some balls. What do people,think? It's hard to know if this is a good thing or price/risk outweighs benefits.

Combined asset is now huge, and pretty much makes igas a pure shale gas play from a combined operator.

Is the premium to dart share price good value? It's a bloody big move.

Where is the funding coming from to develop this acreage?

Will the operational losses on dart mean we will need more debt financing in combined company?

I would have rather been a dart shareholder on this deal vs IGAS given the 50% premium.

Lots to ponder......
taudelta
Posts: 219
Off Topic
Opinion:No Opinion
Price:130.00
takeover premium
9 May '14
they are paying a big premium... sp was .11 AUD throughout April, closed at .125 this morning ... on the one hand, I think they are diluting assets per share.... on the other hand, they are paying with shares and ending up with a bigger co... even at this price, DTE's assets could be undervalued vs cash (maybe just not as undervalued as IGAS's assets)...
Either of these arguments could hold sway, so maybe it's hard to call the short-term direction of IGAS's SP?..
shaleinUK
Posts: 25
Off Topic
Opinion:No Opinion
Price:130.00
View Thread (3)
RE: wtf
9 May '14
I am stunned.
jazzindahouse
Posts: 474
Observation
Opinion:No Opinion
Price:130.00
View Thread (3)
RE: wtf
9 May '14
A leftside unexpected move - a "curve ball" - "googly" what a development.
shammy
Posts: 48
Observation
Opinion:Strong Buy
Price:130.00
View Thread (2)
takeover
9 May '14
see they are buying dart - dart has operations in Scotland



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