Member Info for Infor

Such a big spread, the MM's are doing a bad job here - very little incentive for investors.

IOG looks interesting.

10 days of buyback to go, just in time for the...........25th

Another exciting one mentioned earlier who have just started Gas production is IOG.

Bays that's great, I was only working on a conservative 200 kboepd.

18.8 mmboe hedged in 2022 of oil at $61.15. Say oil production is 100 kboepd, this equates to 36.5 mmboe which is 1/2 of the oil is hedged.
Meaning 18,000,000 x say $100 x 0.82 = £1.48bn unhedged
and 18,000,000 x $61.15 x 0.82 = £0.9bn hedged

Total revenue oil and gas for 2022 could be £4.83bn or increase of 33%!

Only 25.37 mmboe hedged in 2022 hedged at 50.75p. If gas production is half of 200 kboepd equivalent, this equates to 36500 kboe = 36.5 mmboe. So 2/3rds of the gas is hedged.
Meaning 58 x 12,000,000 x say 250p = £1.74bn unhedged during 2022
and. 58 x 24,000,000 x 50.75p = £.71bn hedged during 2022

This is just the gas.

UK Natural Gas is now 407p/therm - remarkable

405p!

Some decent transactions going through today, so maybe there won't be the volatility we've seen recently ha ha!

Usually a big dip or two in the day; profit takers. Seems though there is a strong upward mood.

Don't you love Harbour! ; )

Other oilers barely moving or down, HBR SP is following sentiment. We wait for 25th August.

399p per therm - HBR cash cow!

I think this will turn good now, once the boardroom and Noble have sorted their dealings out. All the figures have favoured HBR for months now and believe the SP has been influenced by the terms of the agreement with EIG etc. and boardroom transactions.

Brent is $98, US is not in recession (not sure how they worked that one out!), hoping profits here may pay for our energy renewal which has just come through - ouch!

I bought after the initial drop of 10%, (got out of Poly - phew) and bought twice more on the way down. Av 3.42. Been doing a bit of day trading, but feel it's mainly up now.

I sense there is a lot of upward pressure now.

Brent shooting up....

13 more days of buyback, many weeks of >300p per therm, looking good.