Member Info for dunderhead

Oh damn Lemmie - you've caught me out again - of course I want to buy more shares in IOG - why on Earth wouldn't I? LOL.
I tell you what - I firmly believe that me and a couple of other posters on a free bb can influence the share price as well far more than the management of the company and their respective updates - so I can load up "cheaply".
Oh as ever IMHO and DYOR of course!

Fro some fun - because there aint much around "here" at the moment - and to be clear I am certain Shell would not be bidding for TXP however - what price would be acceptable to PI's on here?
I'm going for £1.59 acceptable - but would be ecstatic with £1.82.

Actually BB wtgr, experience to date with TXP, probably means no news aint going to be good news - however very happy to be proven wrong!!

Gator apologies for not replying earlier - thanks very much for your pledge of such a high amount of shares for the SHAG. Unfortunately the total figures just don't add up so we can put this idea to the side for the moment. sorry for the people who did pledge.
As a general observation to everyone on here - I've alluded many times the model (IMHO!!) is working up pretty scratchy assets - (as seems to have been proven along the way with their appraisal (86% CoS ahem, then nothing!) results to date (!)) and the irony is to get such a model to work - you need an ultra efficient experienced (importantly with these kind of assets!!!) team - to squeeze value out.
Unfortunately for whatever reason (perhaps constantly reliant on third party service companies) - I don't think we have got that here and without structural changes this will not be achieved - hence best option (IMHO) to sell company as soon as possible - are there any "real" buyers though ?!
Some value should certainly "out" from this share price because of the high gas prices in European market "potentially" saving the day though of course but not to the expectations of a lot of PI's methinks!
As ever all IMHO, DYOR and best of luck all.

Absolutely what I've been saying for ages - however probably better explained than me (ahem).
I'd just add - technically challenging from the outset and due to the estimated 2p reserves (oh dear not a good track record there for one company I know!) not worth the bother or risk as any "early problems" break the NPV incredibly quickly - you can squeeze money out of these and probably especially so at these gas prices - but really don't think very compelling at all - at gas prices 45p / Th considering the relative risks involved - however I always thought gas artificially cheap at those prices - certainly not now though - due to awful crap in Ukraine - among other issues as well.
Trade sale certainly best way out - but not at the price expectations of a lot of PI's on here - I'd hazard a guess - and it'll take a risk taker like AA to take it on?
All IMHO and DYOR!

Exactly corpse - it isn't insecurity though - it is simply people selling because they are fed up with the communications strategy of this company. You've got Paul talking about hopes of a start date at end of the week etc etc - stating stuff will be updated as and when it occurs - then we hear f all COHO related since - was it the late June RNS?!
I can fully understand people selling in those circumstances - why don't we get an update as to any issues arising now - as surely they must be aware of them and if it is not going to be on full production by the "targeted" end of August - or if progress has been made - why wasn't this notified through whatever media as alluded to by Paul?
It's appears to be a never ending inconsistent communications strategy and it needs sorting out NOW.
As ever all IMHO and DYOR.

Ah of course, that makes it alright then - I assume IOG had nothing to do with the choice of contractor or QA / QC of their respective decisions along the way re ODE.
They have no responsibility whatsoever now!!
I am not saying any of these issues were unavoidable - it is the management i.e. the initial risk assessments and mitigation thereof, I am "critical" of and I am certainly not saying ODE have anything to do with this either as we just don't know.
As ever all IMHO and DYOR.

regardless of the "laughs" on here Paul is making a twat of himself again and it looks like more "Fun" at TXP.
Why do we have to wait until the "targeted" very end of August to be provided update when "they" know of exactly what is going on there now?
It's simply not good enough considering the "history" here.
All IMHO and DYOR.

Yet is very much the operative word, IMHO, DYOR.

Phippsy so you are suggesting we may be "congratulating" the "BoD" for the operations team for being lucky??!!

Except PB doesn't have appeared to learnt the lesson about opening his mouth and putting his foot into it again?!

I don't disagree sailorNL with some of your points but as I have stated many many times on here
1. The pis are over estimating the quality of assets and respective expectations in the first place and in my experience, little bitty assets like this are impacted more by "operational" mishaps so you have to have a really similarly experienced team who are used to working on such projects.
2. However there are too many issues arising from an operational (and G&G) perspective that IMHO, hint at QC issues with contractors and or review and acceptance of contractors work. We have no idea what are causing the salinity water issues, which could be many things and if solved will we ever truly hear?
3. Where known potential issues have arisen the times taken for mitigation "appear" to imply the risk assessments were too low and the mitigation plans were either not there (??!!) or robust enough to efficiently deal with such as them?
4. The communications of these operational issues also absolutely need to be improved as well which is the sole reason why I suggested SHAG. This worked very well at TXP, IMHO. Again for it to be successful you need between 5 and 10% holding. If this isn't achieved, no problem for me we just don't follow that path.
5. I don't disagree that they have arrived at workarounds but we do not know how long this truly takes either and whether these processes are as efficient as they could be? I just think we seem to be very very unlucky and you tend to find in life, generally people who are always "unlucky", just haven't prepared enough or simply have pushed themselves beyond their natural capabilities?
6. Good to see David S adding value as normal.
As ever all IMHO and DYOR.

Hi GG, what are your views on today's "update"?
Thanks for your "pledge" - we are already at 1%!

Hi can I ask if people would like to allocate their shares initially prior to mission statement etc can they do so on this thread? ie just press reply - copy previous avatar names and share amounts - with cumulative figures THEN ADD YOUR AVATAR NAME AT END OF LIST - WITH AMENDED CUMULATIVE AMOUNTS - until we reach a few more million shares! Thanks very much all - best of luck as looking like we will need it and as ever DYOR and all IMHO!
Dunders ~ 1.3MM
phila6se - 250k cumulative ~ 1.5MM
DENISCAFF – 450K ~ 1.95MM
E SMITH - 300K ~ 2.25MM
DAVID H-J – 290K ~ 2.54MM
SCRUMHALF – 700K – 3.24MM
DELLFROG – 105K – 3.345MM

Hi can I ask if people would like to allocate their shares initially prior to mission statement etc can they do so on this thread? ie just press reply put avatar name and share amounts - with cumulative figure so it kind of looks after itself - until we reach a few more million shares! Thanks very much all - best of luck as looking like we will need it and as ever DYOR and all IMHO!
Dunders ~ 1.3MM
phila6se - 250k cumulative ~ 1.5MM
DENISCAFF – 450K ~ 1.95MM
E SMITH - 300K ~ 2.25MM
DAVID H-J – 290K ~ 2.54MM

Hi can I ask if people would like to allocate their shares initially prior to mission statement etc can they do so on this thread?
Just so they done get "missed"? Each person replies with their avatar and adds to the cumulative? I'm adding phila6se - now if that's okay phila5se as I think you were suggesting yours for this purpose? If not, just delete in reply!
Dunders ~ 1.3MM
phila6se - 250k cumulative ~ 1.5MM

I was involved in early stage SHAG over on TXP (and one other before) and JM has done all of the fantastic admin stuff on DISCORD.
As a suggestion shall we start a count on how many shares we PI's account for, with regard to setting up a better communications conduit (and possibly more) with IOG? I think at the moment the SHAG over on TXP has around 15% share-holdings which is a pretty hefty lump and you find "management" do actually sit up and listen with those kind of volumes!
I am not saying we will get to anywhere near those amounts but suggesting we start a count to see how many may want to be represented as part of a SHAG?
I've got about 1.3MM I think?
Happy to be shot down and laughed at - because I don't really care - but am also happy to assist with this in some minor way as well!
If you want to be counted just add your amounts with a cumulative amount as well and if we get to 20-25 Million we can take it from there, which would start with an "agreeable" mission statement setting out the expectations and boundaries of the SHAG? The problem here of course is the ridiculous BS structure in the first place, with two big players able to determine company destiny very easily, IMHO so in these circumstances a SHAG below 10% would be pretty limited in getting much done?
Best of luck all.

Agree fully, NoHelp - it comes to something where a corrupted cement job (recoverable damages limited to cost of job!) is probably best case scenario, in what could be really bad, again 100% IMHO and hoping my grumpy thoughts (guessing as we don't have a clue from that RNS - and more worryingly do they?!) are completely skewed the wrong way!!
Anyone other thoughts, maybe (engineer) David S (or even better Selfish McN from EOG) has some "wise words" to offer?

Me, I'm well well happy to accept 45p now - anyone got any other suggestions?
There could be (significant) upside from Southwark but that looks to be plagued by "known regional" issues - which kind of proffers the question - why they weren't immediately mitigated - ie the plan B's, C's and D's for such "known" scenarios - a bit like the scouring stuff ahem?
Just bored and tired of continual crap from the "management" here.
Let's be clear here this "salinity" "issue" could be due to many differing reasons (none good), IMHO - and either they haven't a clue about it (what do you think?) - or (again?) - are they with-holding back on further bad news. I was only scan reading - will they be updating market when they've identified reasons for this and, did they proffer any timeline for an update?
Completely disappointed, in support of other posts on here about the timings and again it "looks" awful considering the recent sales by IOG.
However, at the end of the day whilst the timing is bad - the news is far far worse IMHO and looks like the market agrees.
Perhaps that (awfully nice) chap who did the last presentation (but is crap at presentations) should do another, this time getting his dates right from the reference slides?!
As ever, all IMHO and DYOR folks.

When have you ever been right Edgar "privately" or "publicly".
Although maybe just maybe, you could be half right at AEX finally of course.
All IMHO and DYOR.