Member Info for GoldAnOil

L2 would be helpful... anybody?

Must be true then!
LOL.

Big buying flurry!
Something is happening, where's the clairvoyant when you need him?

...unusual increase in volume today, with a couple of chunky buys.
Perhaps the results might not be as bad as expected.

Justbe - Your money , your choice.
The SP dropped to around 10p earlier in the year due to the COVID crisis and the market drop. It quickly recovered and has been around 13 -15p since. Realistically the general market shouldn't have a great effect on IOG, (other than to maybe offer a good buying opportunity), as our stall is set and only a major collapse of the gas price will cause problems.
I don't ramp companies, but feel that we have a good BoD and good prospects. I suggest you read up on the company and make up your own mind.
Personally, at these prices, I buy every chance I get.

...the half year results, (due tomorrow), are better than expected. The COVID effect will of course deflate them, but maybe things are picking up faster than anticipated. Good buying window I feel.

Big order from 11;43am - 700,000 @43.256.
Shown as a sell and probably was as the buy was around 44p at that time.

...the areas in the new licences don't appear that productive.
They have mostly been explored and relinquished by other operators as non viable and many may wonder how IOG intend to make them pay. 49/22 is a case in point with export difficulties cited as the cause of previous relinquishment.
However, the following link may provide the key. Makes good reading and by using NUI's in close proximity to our pipeline, the future becomes clear.

https://theogm.com/2015/06/12/unmanned-oil-rigs-are-they-the-way-of-the-future/

I'm sure many of you are familiar with the concept, it is now widely used, but by applying for previously non commercial licences, with a ready route to Bacton, we can, (hopefully), mop up all the smaller gas pockets at a profit.

...below the placing price.
Time for a top up I think and let's hope the divi is back soon.

Let's hope your use of the English language gets better!
Punctuation exists for a purpose.

£1 by Christmas!

Looking like it could hit the placing price - 2.29 to buy now.

2.37p to buy.
Yes I agree, the placing is probably being priced in - 2.25 on the cards maybe!
Worth hanging on a bit before topping up.

Buy down to 2.43p !
What's happening?

...with HL.
Buy as many as you like, (or can afford!)

I apologise to those who have seen this already, but I feel it may be helpful to the newer members of the IOG fan club.
This is a map showing IOG's existing blocks, as well as the CalE blocks.
https://ogauthority.maps.arcgis.com/apps/webappviewer/index.html?id=fa957c4868c2439f95ddd86bc077d766
Draw a line across from Skegness and up from Gt. Yarmouth, where they intersect are the IOG blocks.

You could also try this page. It shows a map of relinquished licences.
IOG's interests are mainly blocks 48 & 49. 48/25b has some nearby blocks which may be productive, although a lot of the area has been explored and relinquished. The relinquishment reports are interesting and give a clear picture of why the block was deemed sub-commercial.
https://ogauthority.maps.arcgis.com/apps/webappviewer/index.html?id=78083f30591e4e36952cbd5eed803c15

...to all concerned.
They have targeted the plots which will be economical to add to the overall field output and should, over the years, sustain production. Given of course that all goes well and the gas is there and reachable, which none of us know at this stage.
However, good assets to have 'In The Bank' without major expenditure just yet.
Time for another top up I think. Now, what can I sell....

Small volume, but constant drip selling is having an effect on the SP.
I wonder if there is some bad news in the upcoming results. If not, well a good buying window I'd say.

...progress is on target and costs being managed well.
Bit disappointed that the license applications were not detailed and will have to wait for a further RNS.
But a reasonable 'Steady as she goes' message.

I agree, it is a bit disappointing, but for some reason a few of the COVID shares are down today.
However, if you still believe in the concept and its eventual success, it is a good buying window.
If you have doubts, perhaps best to cash in and take your profits.