Member Info for dunderhead

Well it would be great to get an RNS this week - as next week lost a little in pre Xmas "stuff" but maybe ok for early next week - anytime after 2sst - starting to get more useful to get update in early New Year for maximum exposure?

I posted what I think is quite a fair (longish) assessment over on ADV however perhaps my second addendum post summarises better the "interview" this morning?
..."PS in slightly less eloquent fashion than buffy what the f*ck is all this talk of a "concept drill" - honestly what a w***ker!!
All IMHO, DYOR!!"...

Why would anyone be remotely interested in what he had to say unless prefaced with a big apology for either verbally deliberately misleading investors or just being plain thick? IMHO, DYOR.

Yes but she should have done it ages ago!!
Plus the share structure, specific G&G stuff - should have been reviewed better considering that is her back ground.
Everything was found wanting with regard to IOG - in which case the person ultimately employed to look after share holders interests should be gone as well.
All IMHO. DYOR.

It is debatable whether she has indeed "overseen issues" (as completely "out of depth" comes to my mind) and it is debatable as well, as to whether her leaving would impact share price at all (!!??) but taking onboard your comments W69, to be clear, it looks like we are in a much much better place now and perhaps best that she will be replaced "by a person better qualified to take IOG to its next stage of evolution" at some point in the near future?!
As ever all IMHO and DYOR!!

Apologies Aligator - I should have to add to your G&G comments - oversaw the 2p reserves profiling of at least one of the "appraisal" wells and the producing assets - all of the IOG 2p reserves to date seem to have been "optimistic" and some not "properly risk assessed" - on whose watch (?!) - again all IMHO and DYOR folks?

Ah Aligator - I didn't want to go into too much detail as that would require a novel (I covered by "ridiculous acceptance of the ops team pfmce " comment) - but absolutely agree - as far as I can see nearly everything (slight exaggeration of course!) that could have gone wrong that should have been risk mitigated did - with regard to the "drilling" programme. Absolutely appalling why certain things "happened" and then if some were "not avoidable" the timing to get solutions seemed incredible.
I can only assume we had the drilling contractor "C" team, in-situ and the respective IOG management simply wasn't adequate to spot this and get changed or, to QC the risk assessment registers in the first place?
Looks to me things now are "correcting" very quickly - which also just goes to show how bad things were and how simple they were to get changed - for which Fiona should take ultimate responsibility.
Absolutely all IMHO, DYOR and coming from an angle of knowing f all as to what was truly going on - but I'd be surprised if a lot of what I state above not at least 50% correct.

Ok non exhaustive list, the giveaways to LOG, the LTIP give aways, the other II give aways, the non communications with RRE. The ridiculous acceptance of the ops team pfmce prior to nice chap who eventually left. CEO and COO should have been changed (kicked out) long long ago.
I am not aware of any listed company she has added value to, so a ridiculousand puzzling appointment in first place.
All IMHO and DYOR, plus pub talk "naturally".

Hi Aligator - I was half expecting people to accuse me of talking BS when I had said I was holding long and strong with much of my posts - then it became apparent I had bought more at 10p each - with that price as my "new" average!
I cross buy / sell and tarde / invest in different accounts. My "average" price currently 10p with (for me) with nice CGT loss taken elsewhere. Hence still only hold ~1.2 million. I have plenty of powder available to purchase more and am interested to see current and expected production profiles plus impact of Southwark start up hopefully mid to late December. There was no hunger at all for SHAG last time and I don't expect much more now? I think Rupert and this new guy are very good so let's see what they come up with. I have been p***ed off about the presence of Fiona since she started - if anyone cares to look back and check - I am not aware of her adding any value to any listed vehicle - but obviously could be wrong in that conclusion. I personally think that will "clear up" in the next 6-12 months? It may be worth keeping a cumulative potential SHAG total if the new LTIPs arrive and are as crap as ever?! Can anyone confirm - I have been "told" you actually only need 5% to request EGM now - just "busy" elsewhere at the moment with a lot of personal issues!
As ever all IMHO, DYOR.

David S respectfully I "get" sarcasm - it's just your example wasn't amusing that's all!

I would have thought the gas price was more relevant than the cost of bread to IOG, although not knowing the input prices for bread, I assume there could be some cross relevance?

Well I sold mine at 35p from average around 15 to 16 for that tranche (I think) but it was still around third of the total return I got from RRE in portfolio so I dont understand where you guys are coming from but "whatever"....

I'm certainty of the view now, we will see 30p plus when Southwark comes on line which shouldn't be too long of course. As ever all IMHO, Dyor.
Anyone think there any evidence of stake building here now?
Best of luck all.

For crying out loud doesn't history teach you it wasn't an initial (across the bows first) miserly offer??!!
How many times does the opp cost of holding this previously crappily managed comoany (why is Fiona STILL here??!!) have to be reminded to people?

However having said that, why not another go at or around starting price 30p. It "seems" good value here now but I've thought that many many times before, Lol.
As ever all IMHO and DYOR folks!

Andrew I'd say 99% not possible, IMHO.

Not knowing the exact nature of the stim, frac or acid wirk programme I'd say the "behaviour" of the bo vessel perfectly normal. Here hoping there is some decent luck (project management!!) for us over next few weeks!
All IMHO, dyor and best of luck all.

Is that after revised reduced 2p reserves W69?
Even I would suggest early 30's if Southwark online by end of December and gas price in mid to late 100's pence?
This could either drop off to say 15p or strengthen to nearer 20p next week?
Best of luck all.

Has it been on site 12 days - then 100% that stim job is relatively easily achievable, IMHO - assuming no WOW issues during that period of course.
Could be good news - or am I just the eternal optimist GG?
As ever, all IMHO, DYOR of course!

The stim job budgeted @ 25 days seems to be pretty padded, imho but certainly not likely done yet?
As normal they've "planned" for the **** weather and associated WOW costs.
You couldn't make this up.
All IMHO, DYOR.

Why should we "stop guessing" smasher?!
That's all the "management" has been doing here for last couple of years, why should we be any different?! Give me one good reason, as all the information from TXP seems to be continually kicked down a dark alley never to be mentioned or referred back as a performance bench mark ever again. Meanwhile the overweight, under performing BoD, continues to be overpaid?
All IMHO, DYOR.

Yes and 100% correct I'd say.
I have quite a significant holding here and completely agree, the opportunity cost of holding compared to most of rest of my portfolio eye watering.
I would have long sold had it not been for the (complete) BS of Mr mediocre man (being complimentary), that kept me holding.
Now we have a few pictures thrown at us and just more of the same, no hard facts.
What a decent ops team could have done.......
As ever all IMHO and DYOR.