Member Info for Coldspy

News hasn't come in suck a depressed market. Would have probably spiked 50% and ended the day red. Don't mind waiting a week or 2 for the next contract to land GLA :)

@Lakshmi, where was the unfilled gap on the DOW?

If you don't mind.

@Lakshmi, where was the unfilled gap on the DOW?

If you don't mind.

That 904 point drop was a real underwear destroying hour.

I came out the other side with £52 profit. Happy with that as could have gotten ugly. Result :)

Malkis, they've certainly had a roller-coaster year over there. Down to 14, up to 35, and back down to 19 now. My target is 6 months from now I want to be there or thereabouts. I want to know that Tapi Aike results are near. SP will be crazy running up to news with some dips and rises in between. I'll probably stay put for the ride as my trading never works too well.

Directorate Change
Tue, 18th Dec 2018 07:00
RNS Number : 7559K
Independent Oil & Gas PLC
18 December 2018
18 December 2018

Independent Oil and Gas plc

Directorate Change

Appointment of Fiona MacAulay as Independent Non-Executive Chair

Independent Oil and Gas plc ("IOG" or "the Company"), (AIM: IOG.L), the development and production company focused on becoming a substantial UK gas producer, is pleased to announce the appointment of Fiona MacAulay as Independent Non-Executive Chair of the Board with effect from 1 January 2019. Fiona succeeds Mark Routh, who joined as CEO in 2011 and is currently Non-Executive Chairman, and who will step down from the Board on the same date.

Fiona joined the IOG Board in July 2018 as the Senior Independent Non-Executive Director, bringing extensive industry expertise to the Company with over 30 years' global experience with both major and independent oil companies including Mobil, Amerada Hess and BG. More recently she was COO of Rockhopper Exploration and until 31 December 2018 is the CEO of Echo Energy. She brings extensive capital markets, commercial and strategic skills to the Board in addition to being a Chartered Geologist and European President of the American Association of Petroleum Geologists. Fiona is also currently a non-executive director at Coro Energy plc and will transition to a non-executive role at Echo Energy plc in January 2019.

The company is also in the process of identifying and appointing at least one further independent Non-Executive Director, further details of which will be announced in due course.

Andrew Hockey, CEO of IOG, commented:

"It has been a real pleasure working with Mark, both as Deputy CEO and as his successor as CEO. Mark guided the Company through its early growth and was instrumental in the acquisition of the Thames pipeline and in building up our high-value UK gas portfolio of over 600 BCF during some very challenging years in the industry. This will enable us to deliver real value to shareholders in the years to come. We wish Mark all the best with his future endeavours.

I am delighted that Fiona will now be stepping up as the next Chair of the Board. Fiona has a wealth of operational, technical and commercial industry expertise and is well versed in all aspects of listed energy company directorship. We look forward to her active leadership as we progress to project execution on our core reserves and to adding further value to our Southern North Sea gas portfolio."

Mark Routh, Chairman of IOG, commented:

"It has been a great pleasure to lead the Board of IOG and I am proud of the valuable gas business we have built over the past few years. IOG's portfolio today has an NPV10 of over £700 million and has substantial further value growth potential. My succession plan has been successfully completed and important senior management and Board changes made to ensure delivery of shareholder value in the execution phase. I wish

@Lakshmi

I'm relatively new to betting so taking very little risk and with money I 'can afford to lose'. But obviously don't want to! Lol

Took me about 15 trades to make 150 pounds trading the intra day bounces.

Trying to learn when to let it run will be key for me. Closing early to be cautious and missing sustained move.

Candle charts are not my friend but 2019 goal is to learn more about charts.

I totally understand and take responsibility for my own investment choices.

Anyone investing solely based on chat forum advice is mad (what I used to do 8 years ago - learnt from those days)

But as part of my choices I do feel better knowing a trusted investor has come to the same conclusion that I have on a particular share.

Thanks anyway and all the best :)

You are right, some patience required.

However, I do feel we won't see 6p for much longer. IT will move up before the news ocmes in anticipation. My opinion anyway.

If we get good results from Tapi Aike, say 6 months from now, I don't even want to take a guess at what the SP will be. But it will be many multiples of 6 that's for sure.

So buying now and holding for 6 months without chasing various spikes will pay good profits. Holding tight.

GLA

Thanks Lakshmi.

I'm looking to go long on Tilray too (TLRY) today

Made a little money yesterday on it (£150), but my guesses V your charts and knowledge ..

No brainer to ask lol

About 1.44p to buy and 1.32 to sell up to 500k

Looked at BTC this morning but didn't buy :( Over 200 points up. Aaarrghh

Hi Lakshmi,

are you long on Nasdaq today :)

Should get a double whammy early 2019 to give us a push up. Anyone not fully loaded here, load up. I've got every single one I can afford for now. DYOR

Tapi Aike - Seismic Acquisition

The Company is pleased to announce that the mobilisation of the equipment to acquire 1200km2 of 3D seismic on the Company's high impact Tapi Aike exploration acreage from Neuquén Province by the seismic contractor UGA is due to commence imminently. The seismic acquisition programme, lasting approximately 4 months, will follow once all equipment has arrived on site and parameter testing is completed early in 2019.

The Company believes that the Tapi Aike licence offers a compelling multi Tcf exploration proposition and, following completion of the upcoming seismic acquisition programme and subsequent data interpretation, the Company currently expects to define an initial 4 well exploration drilling programme with each well estimated to cost between US$2 million and US$5 million net to Echo.

CDL - Well Stimulation Programme Timing

Commencement of the stimulation of the EMS-1001 well, drilled in June 2018 on the Company's Fracción C licence, onshore Argentina, is now scheduled to commence in approximately 4 weeks following minor delays in the releasing of equipment from its current third party contract. The Company will update the market once the equipment is on site and stimulation operations are ready to commence.

500k

Thanks and Merry Christmas mate.

Look forward to February in Echo, should be a good time

The president of Bolivia, Evo Morales, and Repsol president Antonio Brufau held a meeting in Bolivia, during which they agreed that the exploration of the Iñiguazú field will be carried out by a consortium led by Repsol.

After the meeting, the agreement was signed by the consortium participating in the project, made up of Repsol E&P Bolivia S.A. (15% and operator), YPFB Andina (46.555%), YPFB Chaco (13.445%), Shell (15%) and PAE (10%).

At the signing, Evo Morales estimated that “around 900 million dollars of investment are necessary” for the operation to be successful. For his part, Antonio Brufau highlighted the commitment of the Spanish company to continue developing its activity in Bolivia.

The signing occurred during the Gas Exporting Countries Forum that is taking place this week in Santa Cruz de la Sierra.

The Iñiguazú block covers 644 km2 and is located next to the Caipipendi area, where Repsol already operates the Margarita-Huacaya field—the largest in Bolivia, producing 19 million cubic meters of gas per day.

Repsol also holds the mineral rights for a total of 31 blocks in Bolivia: 6 for exploration and 25 that are in the development and production phase. In 2016, the group's total net gas production in the country amounted to 2.39 billion cubic meters, mainly at the Margarita-Huacaya field operated by Repsol.

Re Bolivia. In January we'll be higher. Will see how far it drops and any opportunity to top up

400k buy. Great price