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Very good post mole.
It opened at Ā£1.06
Oilman claims to have inside information? From what is publicly available production is in line with forecast once the various issues onshore and offshore had been resolved (fluid handling, electrical and chemical injection). There is nothing publicly available to indicate production has again been shut off or reduced after the series of initial very disappointing faults.
Perhaps you would like to share more details of this inside information? I suspect there is none as if there was we would be closer to 23p again rather than moving back towards the first gas 44p.
The debt position is not an issue given current known production volumes and pricing both in the short and medium terms.
Oilman to put your mind at rest I'm quite happy to pass your post on to the company for comment. James Chance has usually replied when I have mailed.
IOG is far from perfect and does not need unsubstantiated rumours circulated to move the share price one way or the other. It's quite capable of moving pre news as we saw post first gas when it was pretty clear some in the market knew of issues both on and offshore. There is no sign of such selling at the moment. So based on what is publicly available this remains a waiting game for confirmation of current production and price achieved and confirmation Southwark will deliver to the revised time frames and that the drilling confirmed the resources and expected flows. If they don't then the share price will continue to struggle. If they come in anywhere close to pre drill estimates then IOG are well placed going into strong 2022\2023 winter pricing that will substantially reduce the debt and or build up cash reserves.
The low share price, bulky holdings with institutions is what will make this attractive as an acquisition target but likely more so with Southwark also online.
As others have pointed out the multiple of share price to revenue is too low and will be tested as cash accumulates.
It was Ā£1 on LISTING got in with my broker Optiva
ATB
Duster, your jealous you never bought in at Kistos.
What was your buy in price againā¦ā¦.Ā£1.50 :-)
Alligator
I posted 2 of his posts on IOG to prove what a knooob this guy is wake up matey
ATB
JH77, Not if you take any notice of OIlMan 1984's post.
Gotcha thumbs up.
Also the last prezzo in July stated Iog have new assets in the NS they have their eye on and that they have a strong cos in achieving.
U.K. gov need this.
I posted the 2 posts from oilman to show what a bullsytter he is in respo c.f. to his post today
NS gas is far too lucrative to be letting go imo.
Seen this kind of BS before. Somebody flying kites out of desperation to pump up the SP. No factual basis at all.
i can seeā¦
OilMan1984Ā
Posted in:Ā IOG
Posts:Ā 1,515
Price:Ā 34.50
No Opinion
IOG Finances18 Jul 2022 15:48
Anybody have an update on the IOG finances? Cash in bank? Debt?
Wondering whether Kistos might come and gobble up IOG at some point this year.
AA loves a bargainā¦..
?
OilMan1984Ā
Posted in:Ā IOG
Posts:Ā 1,515
Price:Ā 30.00
No Opinion
Kistos06 May 2022 11:15
Andrew Austin is ready to takeover......
Alligator itās not me who is confused on that subject.
Totally with you on the other info. Iog has plenty of value backed up in the tank for the market to yet realise.
Masks, The share price and market cap go hand in hand - market cap being the multiple of the number of shares in issue times the sp. That said, I would not say that the market cap is very healthy. It represents just 10 1/2 months net revenues in an industry where corporate values have historically traded in the range of 3-5 times (and more) annual earnings. With Southwark about to double production and earnings (unless OIlMan 1984 is correct...) the sp should climb closer to the broker estimates and the market cap start to reflect the real NPV of the company's assets.
I think you are confusing sp with market cap. The market cap is very healthy indeed.
Low opex 10-15p therm and production due to at least double plus no hedge limiting returns to the coffers.
Besides this TA wise we are in a strong uptrend and over the next week we will have the coveted golden cross in play.
If so 55p first dabs imho
Will he Won't he?? We know from bitter experience that he will try to nick it for frumpence.
Any bid
60p reckon that's a starting point for any bud if it came?
.....have mine first for 99p
Dig deep Andrew you can have mine for a quid each !
Serica deal is off
Will they try for IOG again now the Africa deal is off