Member Info for deltalo

Surly this has to move up from this level. Talk about being oversold, this should never have dropped this low imo,

H2 well is a success and producing good rates of gas., we could bring Elgood back on stream now.

The mkcap as it stands doesn’t even come close to the assets value , no where near. What id like to know is who in their right minds would sell at this price? The value will have to show up at some point and will rocket the sp north leaving all the sad old seller’s behind.

I’m expecting an update either tomorrow morning or Thursday as the sp has dropped for uncertainty nothing else.

H2 can produce good rate’s of gas well into 2040s, we’re prices well below the time of the exploration days , we’re a bloody gas producing company with high revenue. Wake up market for fook sake.

I’ll say it how I see it,

I’ll have your shares off you no problem.

Atb all.

Yeah but if they can dull back H1 to a rate where it do brin in water into the pipeline then it’s best to do that. H2 is an absolute life saver for this com and the team have del better than expected “stabilised high gas rate’s. H2 is one of three highs and H2 is bang in the middle of the Blythe field that was recently up valued in the reserves and resources update.

Field Gross billion cubic feet equivalent (BCFE)

YE 2021 2022 Production YE2022

-------------------- ---------------- -------------------

1P 2P 3P 1P 2P 3P

----- ----- ------ ---------------- ----- ----- -----

Blythe 25.9 43.3 56.9 4.1 24.6 42.3 46.8

----- ----- ------ ---------------- ----- ----- -----

Elgood 5.7 7.8 7.9 4.1 0.4 2.2 2.8

----- ----- ------ ---------------- ----- ----- -----

Southwark 46.3 71.3 104.8 0.0 0.0 10.0 15.0

----- ----- ------ ---------------- ----- ----- -----

Blythe

Blythe FY2022 1P and 2P reserve estimates represent a modest increase on FY2021 estimates, factoring in 2022 production of 4.1 billion cubic feet equivalent (BCFE, where condensate is converted into gas equivalent at 5.8 bbl/mcf)

- 1P case assumes production only from the H1 well, as H2 was not sanctioned at year end

- 2P case assumes production from H1 and H2, which was sanctioned in February 2023

Err H2 hasn’t failed, it’s actually come in above the 30-40 mmscf/d guidance at 41.9, couldn’t ask for a Better result with the well. Just need some news on the progress in ramping up production and cleaning the water from H1. I’m sure H1 can run at a lower rate so it won’t produce water into the pipeline. H2 is proven to produce 41.9 mmscf /d at a stabilised rate so that’s an excellent result for the company. Seller’s will be back very soon imho.

He needs to bring clarification on the H2 hookup and the bond talks. Just need some reassurance and so the sp will recover fast.

They can’t just let the value drop like this as it’s becoming a joke now.

Cal energy need to secure the value also here and back up the balance sheet as they very deep pockets.

I expect an update tomorrow or Thursday to be honest.

I agree,

I’m expecting an RNS tomorrow morning to update shareholder’s as Rupert Newall doesn’t like noise in the market . It’s in the interest of the board’s members and the shareholders tbh,

God knows who’s selling down at this price, absolutely ridiculous imo.

The bond can be refinanced into a bank facility as the company is now a producer, when the bond was taken out in 2019 it was a project structure and can now be changed into corporate one.

I expect this will happen now that the H2 well is a huge success.

We need an RNS to confirm that the gas is increasing through the pipeline and water from H1 decreasing.

Give back the confidence in the market as we must be piped back up with H2 by now.

Gas prices are good so revenue should be excellent and double it was a few weeks back.

Very cheap price now for newbie’s. Gla.

Dougie Scott imo has turned this coming around and Rupert Newall behind him,

I believe Dougie new the prob with the valv issue and took control of the situation. Dougie Scott is prob the best COO in the business and most experienced. I’m 100 percent confident that the next drill will also be highly successful .

He’s only been with the company since November 2022 so Southwark was before him.

Now we just need the update on the water cleaning from H1 in the pipeline and gas increasing to the stabilised rate of 41.9 mmscf/d and we doubled our revenue. Sp will follow.

Excellent job Dougie.

11 November 2022

11 November 2022

IOG plc

Board change and grant of long-term incentive share options

IOG plc ("IOG", or "the Company"), (AIM: IOG.L), the Net Zero UK gas and infrastructure operator focused on high return projects, is pleased to confirm the appointment of Dougie Scott, who joined as Chief Operating Officer on 20 October 2022, to the board of directors of the Company.

Confirmation of Board Appointment

doogie scott put the valve issue right i’m positive about that, a new board member who has just turned the company around. he’s probably drilled more wells than most in the north sea.

do some research ****. we have a direct pipeline straight from the field to the main grid through bp , so how much delivery costs does that endeavour. f all. i’m not a recent investor and i’m here for the long, you should know that by now.

what’s the cash flow from 41.9 mmscf /d at 80p future’s,

please answer that. thanks.

I?m more in the thoughts of the shorters ending up singing the Tramps and seeing their shorts burn baby burn.

I?m old school but I?ve seen it many times lol.

Big week coming.

https://youtu.be/-ogAJdg99Jk

Who were selling at this level as it makes me feel for them .

We now know the H2 well is a cash cow and an absolute success.

Funny how the seller’s forgot this important info and will be reminded most probably Monday morning 7am.

The company is in an excellent position now to restructure the bond and I expect that’s just what their doing.

We have an excellent team now, and this H2 well has just proven it.

Keep buying as the revenue is increasing substantially and this will show in the value and the SP.

I look forward to next week. Atb .

The bond imo will be extended to probably 2028 and restructured into a bank facility that would lift some of the restrictions that we hold with the current bond.

Just waiting from the company on news that H2 is connected and increasing gas flow up to the stabilised rate of 41.9 as the restrictions of water from H1 clears from the pipeline.

Gas prices are good at 80p and so I m surprised the sp has dropped to this level to be honest.

I’ll just keep building stock as we will hear something soon now the rig has moved out.

Just some investors can’t wait. Well I can and will. Atb all.

Yeah, it’s on the move north now, done the job so we should hear something soon.

We all know the value issue has been rectified and the important thing is that the 41.9 mmscf/d is a “stabilised” rate well above the minimum guidance of 30mmscf/d

So the rate was higher than 41.9 imo, we will soon see the news that the water in the pipeline from H1 is reducing and gas flow back to Bacton from H2 is increasing considerably.

Sp should start to increase soon as news is imminent.

I’m expecting an RNS in the morning or Wednesday latest. Someone give’s me the nod, so I’m thinking the level of production in H2 along with H1 water reduction and our increasing flow . Atb

Yeah, buy and hold.

Opportunity to buy in cheap as imho the sp will move up fast soon.

Probably letting the shorters out.

Anyway make the most of it. Gla.

Watch the sp jump as our revenue has doubled, I’m not bothered about the trading, I know that the cash is flowing in and the value will show in the sp,

Just keep buying and wait.

Time to buy, 10 million a month revenue H2 producing above expectations at 42mmscf/d, the sp will move up soon believe me.

Rupert Newall, CEO, commented:

"We have successfully completed the wireline intervention at Blythe H2 well, which has now flowed at a maximum stabilised rate around 42 mmscf/d, slightly above our original 30-40 mmscf/d guidance. Production will now be managed up from 20 mmscf/d towards the maximum rate to further dewater the pipeline. The team has worked very well to identify the issue and remediate it safely and efficiently. The significant improvement in our operating team performance is also demonstrated by Blythe operating efficiency increasing from 59% in 2022 to 93% over 1H23 to date.

The Blythe field has three highs , H2 is the central high, We could actually drill a H3,

This news is fantastic for this company and Rupert Newall / Dougie Scott and the team have done a fantastic job. Now we can refinance the bond into a bank facility and allow the company to pay a dividend.

All I’d say is do what you like but I’m building stock big time. Atb all.