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Started: Binj, 22 Jan 2026 08:59
Last post: Binj, 22 Jan 2026
I'm looking for more info and a confirmation of worthlessness. I have written to HMRC to ask when it will be added to their page of official sh&tters. - such that I can claim some loss against my CGT (as I understand) https://www.gov.uk/guidance/negligible-value-agreements
Started: Binj, 24 Jul 2025 12:06
Last post: Bongobondhu, 28 Oct 2025
I've accepted my total loss here
finally I have to say that, the share market is worst than casino and bookies
bye bye iog
Until you can give more than tea leaf readings you can stick with the winding down process needs longer and there's nothing for shareholders.
I like to learn. There is no similarities with NNNor AMTE.
IOG shouldn’t be going into its third year of administration, that is not my opinion, that is according to their administration progress report.
I’m not saying it’s going to be good news for shareholders. I don’t know but something doesn’t add up.
That's just my opinion; you don't have to agree. As an IOG investor, you should be used to them telling lies. I was an investor in NNN and AMTE, which went into administration in 2023 and 2024 respectively, take a look at these for yourself, they show similarities with progress and extensions, I don't think that every company that goes into administration has something going on behind the scenes expect for a tonne of claims from secured creditors and employees that needs sorting, don't forget the administrators get paid a handsome amount per hour so the longer it takes the more they make. I really hope shareholders get something at the end of it but you've got to be realistic.
“It is not anticipated that a further extension will be required”
Page 10.
It was all but done in May. Something is happening, I’m curious.
Started: idakaneis, 22 Nov 2024 07:55
Last post: idakaneis, 23 Nov 2024
The administrator's report dated 13Nov is available here: https://find-and-update.company-information.service.gov.uk/company/07434350/filing-history
My understanding is, If Hmrc have been paid, that means unsecured creditors have also been paid.
“Unsecured creditors
Unsecured creditors generally consist of the company’s customers, suppliers, contractors, certain employee claims and HMRC.
If all unsecured creditors have received an equal dividend and there are additional funds available, interest is also paid on their debt.”
From stockpedia
Ignore previous post. Although former employees and HMRC have been dealt with, there must be other unsecured creditors that are being referred to. Not likely shareholders.
Prescribed part: ....There have been sufficient realisations to enable a distribution to creditors by virtue of the prescribed part. Given the quantum of the unsecured creditors and the relative size of the unsecured creditors pool, any prescribed part dividend is expected to be minimal (on a p in the £ basis). I will shortly be issuing a notice of intended dividend.
Started: easyinvester, 6 Nov 2024 11:25
Last post: easyinvester, 6 Nov 2024
I’d been in Iog from start had great belief in board few up and downs lucky I sold on high so got my cash back with tiny profit but sad see it go under had affection for Iog and belief victim of timing and circumstances
IOG shares are now worthless. The business has been sold for £10M but the debts and insolvency admin costs must be far in excess of this so I would not expect anything to come back to the original IOG shareholders. The only thing we do not know is whether, during insolvency, any money was made from production. Given the low sale price I think we can easily guess not.
Good afternoon. I’m looking for some advice, apologies I am not educated when it comes to shares what so ever. My father had shares in IOG could someone help me what I should do with this share or just a little advice ? He had POG Aswell unfortunately, tia
Is this coming back to life??
...As I understand it, CalEnergy have acquired the company for £10 million.
If things are as bad as we were led to believe, why would they do that?
Started: poorinvester, 18 Oct 2024 16:32
Last post: poorinvester, 18 Oct 2024
Started: poorinvester, 10 Oct 2024 13:50
Last post: poorinvester, 11 Oct 2024
Yesterday it said “documents will be available in 10 days”, now it’s just the three page document already posted couple of days before. Bloody strange!
Https://www.marketscreener.com/quote/stock/IOG-44995164/news/CalEnergy-Resources-Limited-completed-the-acquisition-of-IOG-North-Sea-Limited-IOG-Infrastructure-L-47788932/
Very strange article. Anyone like to explain it?
…. Document will be available in 10 days.
https://find-and-update.company-information.service.gov.uk/company/07434350/filing-history
I wonder what it will say?????
Started: poorinvester, 9 Oct 2024 23:10
Last post: poorinvester, 9 Oct 2024
Last post: Singaporetrader, 1 Aug 2024
no, not with this ****e, though i guess it contributes to the uk co2 reduction target since iog produced the square root of fa
Could the assets of IOG be a good candidate for GB Energy Labours initiative. Whether that would be a buyout or just take the assets.
Started: poorinvester, 3 Jul 2024 11:02
Last post: Singaporetrader, 1 Aug 2024
Another example of the non-existent oversight by this (and globally, these types) of exchanges. Making unsubstantiated statements while generating shareholder/bondholder funds is a criminal act, but just who will prosecute. Directors took money and lied - been doing it for decades now and continue to do so. It is a casino, and the house always wins.
Judging by the administrators progress report, this company is as crooked as they come. Talk about financial corruption, it wouldn’t surprise me if administrators are crooked also. We are slowly becoming a third world country. In my honest opinion. I could be wrong.
https://find-and-update.company-information.service.gov.uk/company/07434350/filing-history
Does anyone know what tax year this gets written off as a loss in? 23-24 or is it still outstanding for 24-25?
What has happened with the case??
Apparently it can take up to 12 months...
Surely, we should of got an update by now?
What the fook is happening, does anyone know?
Started: Esmith, 12 Dec 2023 16:58
Last post: poorinvester, 29 Jan 2024
Long story short. He didn’t say who he was exactly, I’m guessing he was a shareholder with extensive knowledge of the North Sea oil and gas. He was adamant, he was right and he really did have good knowledge of the North Sea infrastructure.
However, I can’t really judge as I have limited knowledge. And from all I know he’s full of sheet. Let’s wait and see. We should be due an update soon.
Hi. Could you elaborate a bit more on that. Why does this person think a good chance?
I just spoke to a fella, who says "there is a good chance the company will come out of administration intact, a Company Voluntary Arrangement most likely will be agreed". Fook knows what he means by that or if he is genuine. It could be wishful thinking or desperation but that's what he said.
Bongo, legal challenges in these situation are very challenging. I hope they are having some success.
Is the legal challenge still ongoing or is it dried off
What happened to the legal challenge.
does anyone know anything.
Started: poorinvester, 22 Jan 2024 19:21
Last post: poorinvester, 22 Jan 2024
Surely something must of happened by now. Update would be nice!
Started: Bongobondhu, 2 Dec 2023 15:50
Last post: Bongobondhu, 2 Dec 2023
I don't think we share holders will get anything,
I've lost £1506.00
from my previous experience it's dead and buried.
lost money on DEB/CHL/NYO/KOOb so this is it.
Started: DaProphet, 2 Dec 2023 13:21
Last post: poorinvester, 2 Dec 2023
We are given no up to date information regarding what is happening with the company (valuation of assets, etc), neither from the bod or the administration team. We should have a right to know, what is happening, after all we are shareholders.
Out of all the companies on AIM I’ve invested in, this companies bod is the most corrupt. They need to be investigated.
It would be interesting to know what has happened to BOD shares looking at the ceo's purchases Rupert newal through the past year or 2 it equates to over £100k in purchases at discounted offer prices.
Has he been selling down or a transfer of ownership maybe?
Started: Andrew000, 3 Nov 2023 11:47
Last post: DaProphet, 30 Nov 2023
Is this still in progress or a dead duck?
Not enquired yet.. Was waiting on the interest to see if worthwhile..
I wouldn't worry about it to much now. RIP.
The horrible thing is the Board are still in Place taking their huge salaries while shareholders and creditors lose fortunes for their failure and incompetence
RLL93
Debtors owe the business money. You pay CREDITORS with the sale from liquidation. Your ignorance doesn’t help people losing money here.
Mate you won't get anything because she share went down before you sold, that's how it goes sometimes. Neither will anyone get anything their gone, any value will be distributed / sold to pay debters and the average gut is left holding the bad. Had this done twice to me before, but luckily I seen the writing on the proverbial wall via countless RNSs .
Oh dear.... I thought this was such a good share once and traded it a few times. Lucikly I didnt get back into this trainwreck of a share. My deepest consolations....
All assets will be undervalued and sold, shareholders have no rights. FSA are useless. Administrator’s are just as useless.
When will I get my share of any money left? Or won’t I?
Started: poorinvester, 6 Nov 2023 11:26
Last post: sunbeam1, 6 Nov 2023
The Company has no current intention of appointing a replacement Nominated Adviser."
"As a result of the Administration, Cavendish Capital Markets Limited and Peel Hunt LLP have informed the Company of their resignations from their roles as Nominated Adviser and broker respectively, with immediate effect. The Company's shares remain suspended from trading and pursuant to AIM Rule 1, if a replacement Nominated Adviser is not appointed within one month, the admission of the Company's shares to trading on AIM will be cancelled. The Company has no current intention of appointing a replacement Nominated Adviser."
Has a replacement Nominated Adviser been appointed?
It's going to be a month real soon!
That would be better for IOG holders if they did something similar
Started: mjharris, 26 Oct 2023 09:31
Last post: jacktam, 30 Oct 2023
Is there no scenario where the company is able to exit administration after eight weeks as a going concern? the extra revenues would suggest that a (restructured) bond could be serviced while other assets are brought on board. Surely that would be a better outcome for bondholders compared to a firesale of assets?
Gas prices have doubled from the time of the bond waiver RNS on the 3rd of August! Who is this extra money going to. I hope the legal team looks into this, by my calculations IOG are making 4 million pounds extra a month now!
I don’t know name ? But just average your price paid and put the totals etc in 👍🏻
I tried to sign up. Not sure if I managed to do that or not. Although signup only asked for one transaction I had many and quite a bit invested here. The directors should be barred from ever running another company. Their ineptitude is monumental
Https://shoutout.wix.com/so/d2OjrRPKQ?languageTag=en…
IOG shareholder campaign.
News Update 28-10-23
INDEPENDENT OIL AND GAS PLC NOW IN ADMINISTRATION
The IOG shareholder campaign has started.
Are you onboard?
Started: lovelife, 25 Oct 2023 10:28
Last post: conrad02, 25 Oct 2023
It may depend n where your shares are held, in a trading/share accountor SIPP they should remain there until whatever happens, happens, If your shares are in a ISA they cannot be held there following suspension, and should be moved to a trading? share account
Just had the email.
It says..
What has happened?
The board of IOG Plc has announced that the company has been placed into administration with effect from 28 September 2023.
What will happen to my shareholding?
The shares will remain on your account until the administration has been completed. Once formal notification has been received from the administrators that the process is complete, and the shares have been cancelled they will be removed from your account.
I have had no such message, i'm with HL also?
Just had a message from HL to say once the administration process is complete, my shares will be removed from my account. So looks like its all over.
IOG Shareholders announcement.
We have secured expert legal representation and a pledge of funds to challenge what is happening & we need your help.
IOG shareholders are now being legally represented and have a team working to correct this wrong.
Sign up to this group to join the growing number of IOG shareholdsers.
As individuals we now have a joint voice
JOIN HERE
https://lifephotographic.wixsite.com/iogaction
Started: lossgain, 18 Oct 2023 22:54
Last post: poorinvester, 23 Oct 2023
Thank You Bebeto.
Poorinvestor, that would be down to administrators and creditors to decide.
I've no idea how these assets are performing and they will need money spent on them.
The best out come for IOG shareholders now is to receive shares in the new company if there is one.
Never know SoCal might fancy taking over as operator and buying assets.
Gas price is around 145p per therm and it's looking to get a lot higher than that in the next few weeks. My question for you Bebeto is, If gas is over 200p per therm this time next month, with IOG making loads of money and the prospect of gas getting a lot higher, Will the suspension not get lifted? and business as normal?
Traders were banking on a Friday sell off but it was never going to open as they'd already pulled the interims release date, from their website, a couple of weeks beforehand.
Do you think if I'd had put it in a bigger letter format someone at the time would have taken any more notice???
Rampers were using a lot of distraction techniques, like getting people to focus on the winter gas prices and potential revenues, instead of focusing on what was happening right in front of them.
Administration was odds on by then but they chose to ignore it.
Friday22 Sep 2023 08:46
Odds on its going into administration but we'll have to wait and see.
How did you know there was only 9 .30 hours left before trading stopped on these shares ??
Started: Cherryhiller, 16 Oct 2023 12:58
Last post: sainthood, 21 Oct 2023
I second that.
Ut has become legal as we have all sort of scams going on on Aim.You have directors selling just before a bad update, a bad update followed by upbeat forecast, an assuring update followed by placing and not to mention countless "Pump and dumps".I said good luck as I am all for investors standing up to dodgy managements
Shaml89
I agree but unless fraud has become legal under duplicitous accounting, which if so let's all give up on AIM. I'm hopeful (maybe) someone calls it for what it is.
Not so long ago investors lost blillions in Finablr and Dubai based healthcare company and we are talking about billions of pounds and noone was touched or charged. It is really hard to prove financial fraud in these sort of circumstances and even harder to convict someone.Halt of Aim managements would be in jail
Pacman, completely agree. Something doesn’t add up here.
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