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no, not with this ****e, though i guess it contributes to the uk co2 reduction target since iog produced the square root of fa
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.
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.
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?
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.
Surely something must of happened by now. Update would be nice!
Aim is 100% corrupt
It's a shame that the administration hasn't gave any updates so far.
Such a shame was happened here, investors didn't deserve to get shafted
In the company's last investor presentation - it was also disclosed as a note in the last set of accounts
Also https://archive.ph/fCpsu
This might cheer up some ppl: "In addition the service agreements of three non-executive directors have also been terminated."
The energy voice article without popups: https://archive.ph/ilCrz
"Nordic Trustees" = the bond holders.
Am surprised to see Subsea 7 in there - they were in court over non-payment but dropped the case - which I assumed meant the monies owed to them had been paid.
@Smellyben
Can you tell me where the document of 270m deferred tax asset is, please?
Should have voted the board our when we had the chance to call an egm - too late now company stolen - no doubt our JV partners will pocket the 270m deferred tax asset along with everything else for a pittance
On Google today it flashed up IOG owes more than £140m as administrator tries to res.. the article is from " energy voice"
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.
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.
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