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PLLG, who have just taken a 4% position in Igas, have an association with President Energy, a smallish O&G exploration company, probably most famous for their exploration in Paraguay but also with investments in Argentina and in the USA. Don't know what this means for Igas but it's worth keeping an eye on.
Just some gas news as a background to shale development. The UK's biggest gas storage facility at Rough is facing severe technical problems, basically due to age. There will be a report on its future around June. However gas storage across Europe is anyway facing difficulties basically due to current low prices and the glut of LNG especially from the U.S. shale industry. In the winter we will be increasingly dependent on imported LNG to cover spikes of increased demand. The rise of LNG makes it an increasingly transportable, internationally tradeable commodity like oil. But we are in a transition stage internationally where many nations in the East are aiming to move out of coal (the political imperative is to reduce pollution rather than reduce CO2) so LNG demand will increase especially in the winter months across the northern latitudes. I guess all this points to increased insecurity of supply in the UK plus greater volatility in the short-term price of both gas and electricity generated from gas. In my view the development of a UK shale industry will go some way to insuring against this insecurity and volatility. I suspect that these factors are some of those being considered by investors in IGAS.
PLLG Investments Limited 4.257% From 18mil up to 103mil last week.
SP has held up ok on last weeks 20% rise too, Bargain here Imo, just a little waiting game, GLA Firwood
A large buy or two drops in, this is looking so promising at the moment.
#hughjam: Nothing to be sorry about, Igas is a good investment and as soon as the eco warrior folks give fracking a chance in UK. This is the time to accumulate more shares if you can afford it or keep buyin at low prices and sell at high prices. I bought over 200k on Monday and sold it today, still have some small holding in igas though. Be optimistic and don't be discourage Be good m8. Cheers.
..... for me, please. Paid �1.30 when every broker had it as a strong buy. Now not worth a J Arthur.
That figure 7p+ sounds about right they will be looking to take a little more but the business model is looking very good at the moment once shale gas gets traction. Then their will be a few big players looking to get iGas's business for a bargain price at sub 15-20p IMO
The former unsecured bondholders would need a price of 7.19p to breakeven with their new shares.
Rumours that a takeover is coming soon, also price is stable after such a big rise, interesting times ahead
I am sure their is a very tidy deal that could be done with the BOND holders at this current SP based on them owning a rather large chunk now. The PI's are small fry compared to what's on offer with them. This industry is about to open up big time in the UK and would be a very good short, medium and long term money maker for someone like Kerogen Capital. They are probably having discussions already and hence why the SP is slowly creeping upwards. GLA
it's very likely. Although bear in mind there are 2.4 BILLION shares now in issue so 20p isn't ye olde 20p but then this company isn't the company it was 3 weeks ago. There is almost no debt and the company has been saved by Kerogen Capital. It will survive so even 100p is likely but not necessarily soon and not necessarily as a publicly listed company. What I'm saying is that KC have nearly 30% of Hurricane and I guess if it looked opportune would delist it at a cheap price. They have almost 30% of iGas and will likely do the same, having already telegraphed their intent to possibly delist the company in a prior RNS (in that they pointed out they bought in with an option to delist in future) and have one of their own on the board so will know the right time to pounce. If they go for a takeover now they'll have to pay 19.5p/share (year's high) but they could risk leaving the pounce until later and hope the SP doesn't rise too much for a much lower delisting price. They then manage to snaffle the company away from shareholders and in 5 years when the company is worth $5 billion+ we'll all be cursing that the Big Boys won at the expense of the PI, which is always the way when there is money on the table. The only solution for PIs is to fill up now and get your averages down.
When muppets like TrustILie start talking about a price rise of 4 times that which it is today, it's time to call the lunatic asylem for assistance. The last time I posted here was quite a while ago. Then the price was 12p and another muppet was claiming that it would be mid-20s in 3 days' time. Then as now, there was not one shred of evidence to back up such idiotic ramping. The company is now priced about right. Major movements will follow if it ever gets going on fracking investigation AND but only AND if the results are positive. A long way yet to go. I have no holdings, no axe to grind and no wish to see shareholders lose money. It's just that naïve investors need to be protected from the opinions of people who post rubbish about price rises with no back-up evidence at all for such outrageous statements. If you hold, sit tight and stop looking at price movements every day. If you don't, maybe you could think about dipping your toe in the water at 4.5p to 5p (the proper company current valuation). Ignore anybody who makes predications that they clearly cannot support by real and genuine information. It's just a ramp. Simple as that. The price rise in recent days was due to oil production when the USA action leads to volatility regarding that energy source. Once the Syria thing calms down, the price will fall back. Because there is no more positive news about oil production or fracking likelihood. However, I wish all well.
Is that price likely? I'm looking for over 14p to get into profit for the first time with this one. Been running a loss for a long time.
is on cards by close of 2017, so looking well primed to reach that level
http://www.proactiveinvestors.co.uk/companies/stocktube/7019/potential-new-investment-recognises-the-underlying-value-in-igas-says-ceo-stephen-bowler-7019.html This was a month ago KEROGEN now 28% TRANS EUROPEAN O &G 13% so some big holders.
good momentum and upturn now as the debt is out the way
Kerogen have a large stake in Hurricane Energy too, look where that share price went!
Even better, someone could take a look at the takeover rules, I'm quite sure it's 29% and the party has to declare bid
Kerogen, are they holding 27% ? If they are then I think when it reaches 29% they will have to make a bid
Taken a position here as of this morning. No issues with buying. Kerogen aren't here for fun ... follow the serious money! GLA
#MarktheS. It''s fine with TD but very volatile Try again or call up
I've been trying to buy IGAS this morning but my online trading platform just says "no assets found" when I search for it. Anyone had a similar problem?
Looks like someone wants these shares