Member Info for 2phevs

For once figures didn't disappoint

Great Corporate governance now

Golden share gone, now take over can be done

Https://www.londonstockexchange.com/news-article/KLSO/thg-trading-statement/16008232

UK looking at flexible markets about time

https://www.linkedin.com/posts/invinity-energy-systems_grids-uk-flexibility-activity-7076891727235534849-1IhW?utm_source=share&utm_medium=member_android

Https://www.energylivenews.com/2023/06/15/uks-wasted-wind-power-could-have-powered-a-million-homes/

Https://www.linkedin.com/feed/update/urn:li:activity:7074732769699885056?updateEntityUrn=urn%3Ali%3Afs_feedUpdate%3A%28V2%2Curn%3Ali%3Aactivity%3A7074732769699885056%29

Personally IMO meteor the last rns brought out the real reason for the bondholders resolution

IOG would of gone into default with the LOG deal

And this resolution with leeway stopped this from happening allowing all delayed interest to be kept in restricted account so NO technical defaults on both facilities giving them another period to enact their "self-help measures" as IOG puts it

That's what I read further down the rns

But hey I'm not an expert

Jrlomax your going to have to go back and read a few RNS's a over the years to understand the relationship between LOG & IOG

GL

Unfortunately had a hospital appointment come through the post for 21st so can't make it gutted

Wonder what the other self-help measures they're up to

Alleviation of the constraints and demands on the Company's liquidity resulting from the Bond Terms would not only directly benefit the Company but would be likely to have a significantly beneficial impact on the outcome of other self-help measures

SpArmada your plan C sounds like what they tried on at hurricane (triple bagged afterwards) and BOD/Bondholders got seriously spanked at court by the PI'S can't see any ONG plc ever trying that again

You got it spot on Vernet nice one looks like some other "self help measures" going on in the background as well

Wonder if sky news will have an exclusive story on THG over the weekend

Not surprised if it the same AI info generator one that tiger guy was using Baz

2 spot on posts BigBite nice one

Great to have you here with your detailed research you've done on the company

Perhaps this is what caused the volatility in UK/EURO gas prices the last few days

https://www.msn.com/en-gb/news/world/situation-at-norway-s-closed-nyhamna-gas-plant-complex-shell-says/ar-AA1cDg6Q?ocid=msedgntp&cvid=2a30c6e2c0b04d2185347763250f1c8f&ei=72

15/5/23

The Blythe H1 well is initially planned to be shut in once the H2 well is fully onstream to reduce water production into the pipeline however the H1 well will remain available for production

7/6/23

The well has flowed at a maximum dry gas rate of 22.8 mmscf/d and 280-336 bbl/d condensate at the export pipeline pressure of 1250psi, with no formation water observed

Once H2 production is on, H1 is planned to be shut in; in a higher gas price environment it could be possible to reopen H1 at lower rates to minimise water production (FROM H1 not H2)

13/6/23 SURELY those mentioning water now and other rubbish didn't read this RNS

The H1 well was shut in as planned during the final H2 HUC. Post-intervention, the plan remains to produce initially from H2 only, to flush formation water out of the Saturn Banks Pipeline System and reduce associated opex

· No faults or fractures were encountered in the H2 reservoir section and no formation water was observed on testing

· Following a period of shut in to allow the water levels to re-equilibrate, the plan is to reopen H1 periodically at lower rates to flow gas and condensate with limited water production

Took around 800k in kelso @ 2.32 avg to stop me from trading out to soon this time along with a nice chunk here

"Meeting with investors" not customers partners or suppliers

Smells sounds and feels like a MBO being formulated to keep the company in the Moulding fold along with Gallemore and Mcdonald before they get pushed out

ALL IMO

125p just hit this going parabolic every bit of gas IOG is now producing is bringing in really decent money

110p now