Member Info for edgar222

RNS 30.6.21, spudding expected early in 3rd Quarter 2022.

Frankly I am just flattered that Lombard Odier have followed my lead today....

;)

RNS Lombard Odier buying. Not yet on LSE website.

Mole

Completely agree. And as others have already said, the LOG selling is a buying opportunity.

My average price was 10p. Which means my purchase today is averaging up a bit.

I bought more today. I can tie myself in knots about all the factors that are in play but it comes down to this. Anything between £0.5m and £!.5m revenue per day (depending on different variables) is too much for this mcap to be sustained and a rise is obvious. To me, at any rate.

GLA

Just gone through. Must be LOG?

Shares magazine tips IOG as a buy at 29.5p.

Fwiw!

Thanks Jemand.

Very interesting.

I don't know enought about administration generally duties of administrators specifically so sorry if this is a stupid question.

I do know (I think) that first duty is to the creditors?

Is there a hypothetical chance that a big result for IOG and LOG could pull the latter out of administration as a solvent entity again? And if so does anyone know at what IOG share price that is achieved? Or am I way out here?!

Highland matt

Well remembered. My bad. January 2016 RNS talks of the annually reviewable price of the gas being linked to a US consumer price index. I suspect that wont have spiked like the bare gas prices. Something to consider when deals are signed for the Ntorya area gas.

I have no idea what at what level of production at KN1 we can expect after works. If any.

My point is about gas prices.

Taking Blackgold's guesstimate below at the high end and saying KN1 produces at 30mmscf/d, at 180p per therm (actually its over 200p as I write) that is £540k per day on a 100% licence basis. Enormous. A sniff of production at these gas prices would propel the share price from these lows. And KN1 is not even the main show for Aminex!

I tweeted this gas futures graph on 21st September

https://twitter.com/edgartwo2/status/1440221057986695177?s=21

Fyi

GLA

GG

Brilliant post.

Many thanks

I would have thought the correct time to review such a huge holding would be after Southwark comes online.? Thats the end of phase 1 with a gap to production increases into phase 2. My understanding of the building works is that can happen quickly after the Southwark drill but I have not re-checked that.

I think it is clear from past RNS announcements that the management recognise the spike in gas price coupled with winter demand and will ramp up immediate production as much as possible. What I have no idea about is what that number is. The max is just over 100mmscf/d but there is talk of constraints on testing production so far. I also assume that reservoir management comes into play and they might decide 70mm is safer. Any views or are we all in the dark on that one?

Either way the immediate production remains eye wateringly cash-generative, as already stated.

Exciting times

First very clear statement that there will be no work on KN1 remediation without receivables being resolved, plus interest.

Quite right. I remember all that nonsense on this board for years about management delaying KN1 work when ot was clearly to do with money owed.

Significant progress on the money owed sounds good and the new business friendly efforts in Tz point in the right direction. Fingers crossed.

From interims. Headline for me is the stated focus on fast tracking production and sales.

Essential. Correct. Me happy.

Great stuff Ufufuo and a hat tip to cperkin too.

Tanzania is changing. The gas price is enormous. Who was it first talked of ducks lining up...?

Quack.

Thanks Mrtoad. It is asking me to certify that I am an investment professional and I am not.

So that revenue basis remains very low. If my numbers are accurate we are at revenue exceeding £180m before condensate and Blythe produces any revenue.

Can you tell us their revenue target for 2022 and share price target Mr Toad?