The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Seller finished now or more bottomfishers after TMS tip??
W69 - you can't have that kind of deal! They either elect to take part or forego any benefit from not doing so.
You expect IOG to take all risk with a back-in for CALE if successful - now that would be a good deal for CALE!!
The potential issue for me is whether IOG have readily available cash for this well and the concept works?
I would have thought clarification of this should have been provided at last RNS update but can only assume in that absence IOG "management" do not know or they could simply be relying on previous RNS guidance regarding well phasing as still standing - in the current cluster f*** circumstances - you'd have thought a little clarification would have provided smallie investor comfort - but when have they ever cared about that?
As ever all IMHO, DYOR.
Mole re CALE contributing to second Blythe well - yes absolutely I would expect them to do so - at relevant equity holding of course - but once again just IMHO and DYOR of course!!
The converse can be just as true Pipe Dragger - because a boxer loses four times or whatever - perhaps he simply isn't a good boxer and should give up?
Another lesson - no charge to IOG "management"of course - if I were running this company I'd catch the low hanging fruit first - and leave the riskier stuff for later - what does that tell you about the chances moving forwards - maybe there is a G&G problem here?
I absolutely haven't a clue anymore - but just providing counter argument - this place is a madhouse now - with all the traders trying to salvage a profit from their "catch at the bottom" positions (errr taken last week, lol)?
I hope the "management" have more than a clue - but does it really appear that way?
As ever all IMHO, DYOR.
Obviously if your "opinion" correct this prompts the question of how to pay for these two potential well slots - it's all very well having them - but is it (economically) feasible?
It also proffers the question as to viability - location of the second (but actually first!) Southwark well?
What an absolute f'ing mess and many many questions about when this initial information available and why it took so long to update market.
All IMHO, DYOR of course!
I hate to ask but do any of the vessel guys have operation updates here? - SailorNL / Spa as an example?
You don't need to know anything else regarding "other" assets IMHO, because, without Southwark A2 you have a higher risk Blythe well, which may or may not "work" which will probably utilise a fair amount of excess cash. Then what will happen with S1? Then assuming Southwark assets per se has to be written down, "investors" will be concerned about their G&G "model" which to date has significantly under-performed on all assets especially Southwark? Then the spectre of bond needing to be paid arrives and boy they will want their pound of flesh.
Of course Southwark could come in as initially prognosed but what chance of that is there now?
The good news of course is that the LTIPs will hopefully never be able to crystallise and share-holders will no longer tolerate any further heavily discounted ones!!
I would imagine if Southwark does not come in, the share-holders will not be too happy with "management" at all really?!
So there you have it - a LOT hinges on Southwark - you takes your bets ladies and gentlemen!!
All IMHO, DYOR.
Absolutely agree W69 - also I personally think a false market must have existed when the satellite photos became effectively "public"? Why was an update RNS not produced then?
There's something smelly in Denmark methinks?
As ever all IMHO, DYOR folks.
Concur but just because you can potentially isolate the water, (here's hoping only one interval) that doesn't automatically equate to gas flowing?
I think it's potentially (there's that word again!) going to be a very bumpy ride ahead over the next few weeks.
The share could go up very fast but I think there will be a lot of seller's into this.
At this stage any II purchases / industry investments are going to have a very high risk strategy.
All IMHO and dyor!!
Yes methinks the same - they are selling into hope for a bounce - which may well come when seller eventually stops.
If the smallies stopped for a little I think maybe we'd see ASK price rise a little to entice more buyers, FOMO, then get clipped for the large seller?
Absolutely all IMHO and DYOR.
Agree totally SWLC significantly in excess of 10p I'd say - but genuinely what is the chance of this now?
Bladderman respectfully - do you have any idea how much cash IOG has now though?
I think I'm taking the first prize for spotting the "management" are a bunch of numpties - except possibly for the new guy.
Anyone else care to make claim?
All IMHO, DYOR.
My gf was earlier if that helps?
Sorry hasten to add @ 7.75p
I can easily buy 100k at the moment? not that I'd want to anymore?!
Watty absolutely with the greatest of respect as you're talking about a mate but I'm not sure the IOG "management" have a clue about anything at the moment so I'd be pretty surprised if your mate did? Really very disappointed but shouldn't be surprised. Anyone care to proffer why no DD buys now? Will this be limited period - nit sure why as everything out in the "open"?
Hi Watty you're not getting confused to when they run the explosives are you, as there's always radio silence then? Will you let us know when you purchase the shares matey as interested in your purchase price?
Christ you cant tell a thing about the buys and sells column as one of my deals today was referenced on here as two big buys but was actually a but and sell. I'm with Citizen on this one - if there was any other good news it would have been mentioned today - unless they want to get the kitchen sink in again - for more positive newsflow ahead?! Sadly I'm losing complete patience and don't expect to be here for that much longer - large collective sigh of relief!!
Also am very disappointed that probably a lot of people got caught up buying for first time / averaging down when the satellite pictures came out - and cannot understand why the company did not RNS on the Monday - what value was added by waiting this extra couple of days?
The real laugh is - I was accused of being an IOG ramper (who had all his messages recorded and I was being tracked and watched now, ahem!!) by one of the de-ramper idiots (avatar created today etc) that turns up at times like this!! That actually p***ed me off as I feel I was probably the ADV thread- de-ramper lol!!
Anyway best of luck all and here's hoping for some share price improvement but I cannae see this without director buys I am afraid - which appears to be the only positive news on the horizon?! As ever all IMHO, DYOR folks.
Ah Moho - yes I remember that - actually having to go to market to buy the "missing" product - but I remember thinking at the time - the lender took a big risk by loaning against effectively only one producing cash-flow asset and there was no "fall-back" for them which I thought was pretty risky as well? Them were the days!