Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Hi all,
In the same seventh paragraph "management believes that near-term Elgood cashflows are likely to exceed the Company's planning base case."
Reserves might be lower, but cash returns still above original estimates? . .
Hi Richboxy,
I also use HL. I assume you are trying to deal online. If you call them the brokers can normally fill your order,I just think its a little more expensive for the execution fee and the buy price might have a slight premium/ sell price discount to the market prices quoted with it being a larger order over and above current liquidity.
let us know if the above holds true or not.
All the best to Mark Hughes and thanks for your contribution to the IOG progress. Life has much delight and fun experience to offer to you. Get well soon as you experience them Mark.
Looks like the board have now missed out on 3m shares with the failure to meet any of these targets to be awareded a million shs per year?
July 2018 target price £0.35
July 2019 target price £0.45
July 2020 target price £0.50
Source-:
https://www.youinvest.co.uk/market-research/LSE:IOG?tab=3&vw=story&SecurityToken=0P0000ZN2D%5D3%5D0%5DE0EXG%24XLON&Id=0P0000ZN2D&ClientFund=0&CurrencyId=GBP&story=LSE20180727070007_13733495&ms-redirect-path=%2F1c6qh1t6k9default.aspx
27 July 2018
Independent Oil and Gas plc
Award of Long-Term Incentive Plan
Independent Oil and Gas plc ("IOG" or "the Company"), (AIM: IOG.L), the development and production focused oil and gas company, announces that Mark Hughes, a Director and the Company's Chief Operating Officer has been awarded options over Ordinary Shares in the Company pursuant to the Company's Long-Term Incentive Plan ("LTIP") policy.
Long Term Incentive Plan
Pursuant to the LTIP policy adopted by the Company at the time of AIM admission in 2013, the Company has today awarded LTIP options to Mark Hughes, Chief Operating Officer to incentivise him to deliver growth in the IOG share price over the next three years. Apart from the target exercise prices, the Performance Conditions which must be satisfied before the options may be exercised are that the option holder must deliver, measure, control and manage, at all times, a health and safety statement and policy, an environmental management statement and policy and a proactive, Group-wide health, safety and environment focused culture. The number of options granted by date, the target exercise prices, the expiry dates and the approximate premiums to the closing IOG share price on 25 July 2018 (29.25p) are detailed below.
I'm happy to purchase the shares off you at 0.3p if your desperate to get rid of them lol
Hi,
G&O. Nothing wrong with your strategy banking profits. Assuming you are trying to sell online and not getting a quote, call your broker and they can normally facilitate a trade for you for the same execution fee. No trades no money for them!
https://www.offshore-energy.biz/proserv-subsea-controls-for-iog-north-sea-development/
I'm not complaining about the rise, but I don't understand why a corporate update on information we already knew has kicked it off?
Happy new year all, I also have to agree on the poor award of the salary options. Maybe its because the July 2018 awards are so far from fruition they didn't want to miss out again!
27 July 2018
Independent Oil and Gas plc
Award of Long-Term Incentive Plan
Independent Oil and Gas plc ("IOG" or "the Company"), (AIM: IOG.L), the development and production focused oil and gas company, announces that Mark Hughes, a Director and the Company's Chief Operating Officer has been awarded options over Ordinary Shares in the Company pursuant to the Company's Long-Term Incentive Plan ("LTIP") policy.
Long Term Incentive Plan
Pursuant to the LTIP policy adopted by the Company at the time of AIM admission in 2013, the Company has today awarded LTIP options to Mark Hughes, Chief Operating Officer to incentivise him to deliver growth in the IOG share price over the next three years. Apart from the target exercise prices, the Performance Conditions which must be satisfied before the options may be exercised are that the option holder must deliver, measure, control and manage, at all times, a health and safety statement and policy, an environmental management statement and policy and a proactive, Group-wide health, safety and environment focused culture. The number of options granted by date, the target exercise prices, the expiry dates and the approximate premiums to the closing IOG share price on 25 July 2018 (29.25p) are detailed below.
Mark Hughes, COO
Number of Shares under Option
Date of Grant
Exercise Price
Premium to closing price on 25 July 2018
Expiry date of Service Period
Expiry date of Option Period
1
1,000,000
27 July 2018
£0.35
19%
27 July 2021
27 July 2028
2
1,000,000
27 July 2019
£0.45
53%
27 July 2022
27 July 2029
3
1,000,000
27 July 2020
£0.50
69%
27 July 2023
27 July 2030
A total of 1,000,000 new LTIP Options have been issued today, with an exercise price of 35p each which represents 0.81% per cent of the Company's current issued share capital.
As a result of this award and the LTIP awards announced on the 1 March 2018, a further 7,200,000 new LTIP Options are to be awarded to the executive management team over the next three years which represents 5.83% per cent of the Company's current issued share capital. This is in addition to the 2,600,000 LTIP options awarded to the CEO and the CFO on 1 March 2018 which represents 2.11% per cent of the Company's current issued share capital.
Mark Routh, Chairman of IOG commented: -
"I am pleased to incentivise Mark Hughes who joined IOG in April this year as he delivers in his key operational role with the Company's SNS development project. The LTIP policy ensures that the executive management team continues to preside over a proactive Group-wide health, safety and environment focused culture and to deliver share price growt
As if the board can sit on news good or bad that is market sensitive . . .
It's well known publisiced the bod are sacrificing salary for shares so they are aligned to investors.
Let's hope the rebrand is to leave skipper and finance issues in the past and not tarnish the new brand with poor Harvey results. This board is proven to be slow but deliver.
Hoping Harvey is the start of realigning the potential here to a truer market value.
can maintain over 29% without having to disclose a holdings rns whist also converting the other options to shs and offloading within the 1% range
Today has been an agonising wait but to finally cross the line, what a relief. Thanks to the usual posters for all technical posts the last couple of years. Let the news spread we (IOG) are fully funded to production with potential uplift from Harvey, on site facilities finally confirmed. third party tariffs to come from the pipeline as well as some potential further fields from the 32nd round of licensing.
Well done to the board for great success this year.
https://www.energyvoice.com/oilandgas/north-sea/210737/independent-oil-and-gas-sanctions-core-project-in-north-sea/
Cheers firmansam, that in itself is update enough.
Anyone able to access the story on this website?
https://www.upstreamonline.com/field-development/leader-emerges-in-race-for-epci-deal-from-iog/2-1-689759
Hi,
Referring back to my October post, Harvey results wont come until Nov and likely be built into the FDP. Please take time to listen to this presentation made last month.
https://www.proactiveinvestors.co.uk/companies/news/902755/independent-oil-and-gas-plc---proactive-oil-capital-conference-902755.html
22mins Harvey query from the audience.
25:10mins Harvey. Committed appraisal well. Fit into FDP.
https://www.proactiveinvestors.co.uk/companies/news/902755/independent-oil-and-gas-plc---proactive-oil-capital-conference-902755.html
22mins Harvey query from the audience.
25:10mins Harvey. Committed appraisal well. Fit into FDP.