focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
The Motley Fool 13/11/17 “Follow the smart money”....... ”Kerogen Capital contributed £29m to the group’s refinancing, giving it a 28% stake”...... “As a result of several partnership deals, IGas is set to benefit from up to £183m of funded exploration work by its partners”....... “I believe the stock could be a speculative buy”...... DYOR.... http://www.fool.co.uk/investing/2017/11/13/one-secret-growth-stock-id-consider-with-igas-energy-plc/
IGas oil output could raise close to an extra $2m PA revenue just on Monday’s Brent Oil rise ..... Ref IGas RNS 20 September 2017 ......“Investment in conventional portfolio to underpin production of 2,500 boepd and operating costs of $25/bbl in the medium term”) DYOR (and calculations ;)
While we wait for Gas drilling news and big shifts in SP, oil will pay the bills and generate IMO a substantial profit. SP on the turn back up IMO DYOR
Gibbo47, last two days you have been “Strong sell”, “Strong Buy” and now “Hold”...... Your talking IGas SP down, then up, then down again in only two days..........Do some research, bring it to the board and share your considered thoughts, even if they are negative......As for me I’ve called it wrong today as I’m Very Bullish IGas (not always right but I’m consistent). Good luck with your investments.
Important element in Reuters Article..... “The British Geological Survey estimates shale gas resources in northern England alone could contain 1,300 trillion cubic feet (tcf) of gas, 10 percent of which could meet the country’s demand for almost 40 years”
Hold! IMO MM’s still Short DYOR
90p Again..... Hold for big money!
SINGAPORE (Reuters) OCTOBER 31, 2017 - Oil - “The fear of oversupply could easily turn to a fear of undersupply if inventories keep declining like they have been and demand continues to grow,” said William O‘Loughlin, investment analyst at Rivkin Securities.
IGas SP showing it’s potential. 90p breached quicker than I expected before the inevitable pull back. IMO Buy the dip as I believe MM’s are still short! Look at the last few trades of the day, even sells are blue. DYOR & Good luck for tomorrow.
Each Dollar rise of Brent could add $912,500 PA to Revenue ( x10 since June low - see below) DYOR ....... IGas RNS 20 September 2017 “Investment in conventional portfolio to underpin production of 2,500 boepd and operating costs of $25/bbl in the medium term”
75p Buy today - Boom! Here’s a Metaphor - “Bulls push the market upwards, meta4 drags it down”
Boom!
IMO This share is way undervalued. 70p is 3.5p (1/20). SP Restructuring & consolidation price (were everyone took a big haircut!) was 90p/4.5p. .... IMO A few players don’t want this to break 70p before they build a big enough position (lots of action after hours) has potential to leap quickly to 90p, consolidate and move upwards DYOR........ IGas profitable at $50 Brent, Restructured in Debt for Equity swap....... N.B. IGas RNS “Net debt reduced from $122 (GBP100) million at 31 December 2016 to c.$9 (GBP7) million as at 30 June 2017”
Close to breaking 70p MM’s Short? DYOR
Hi Tracylied, bought back in today as SP IMO is turning upwards and regard Ariana as vastly undervalued. The worry for most investors has been short term profitability ie paying the bank loan and the wages. The long term profitability is regarded by most as a no-brainer. Am looking forward to positive Zenit production figures and successful “strategies to increase mill throughput” (IGas RNS 31/07/17)
IMO no positive production news is factored into SP. Zenit just needs to keep its head above water for another 30 months and the estimated $1 million a month loan repayment will be pure profit. and be shared 50/50 with Ariana (my quick estimate of production profits $600 x 20,000 oz Yr = $ 12m anything over 1670 oz a month is a bonus) Even with for example a further dilution of say $2m to pay the wages and keep the lights on would be nothing compared to the highly prospective assets. Also if the Mine value was Zero the Ring fenced 100% Ariana Asset of Salinbas project must be worth more than present Mkt Cap of 14m to the likes of Sandstorm DYOR
Big Buys & Brent up - 100,000 late trade and 100,000 early Buy. Are we going to break 70p today?
BBC - 05 October 2017 IGas has applied to drill a test well to fracture underground rocks to release gas at a site in Grinsome Road on Ince Marshes near Elton and Helsby...... IGas Website - Commenting John Blaymires, Chief Operating Officer, of IGas said: “This area of Cheshire has a proud industrial heritage, with excellent utility infrastructure and transport networks in place. There are also a number of significant employers in the area whose businesses rely on gas, which is something that we could potentially supply in the future, directly from the area. Today, eight out of ten homes use gas for heating, 61% for cooking and up to 50% of our electricity is derived from gas. It is clear that the UK needs a secure supply of gas as a bridging fuel until renewable sources can provide sufficient quantum and stability of energy for society’s needs.
Nothing New.... Nothings changed since 2015
Tuesday 10 October 2017 IGas application for testing Ellesmere Port-1 well by Cheshire West and Chester Council. My Thoughts, Well already exists so no further drilling. No fracking to be done. Traffic and well depth not a problem. IMO planning should be approved on 10th. IMO Ellesmere Port is an incremental move to prove up the gas resources. Together with the other IGas Granted planning approvals and subsequent drilling (plus data presumably shared from other local companies exploration wells) IGas will be able to quantify and monetise potential Gas resources. Info sources..... Courtesy of drill or drop “The Environment Agency confirmed that IGas had complied with its environment permit on well depth. And the Health and Safety Executive told DrillOrDrop the depth of the well was consistent with the information from the operator before the well was drilled and in weekly reports during drilling” IGas - In 2014 we drilled a single vertical well to a depth of 1,945m below ground level, with the objective of appraising the geological sequence of the Ellesmere Port prospect, including the coal beds, consistent with the minimum depth of 900m stated within the planning statement and officers’ report. Council Notes re Highways “considered that the proposal will not result in a severe detrimental impact to highway operation and therefore no objections are raised”