Member Info for JAMESY1980

PDT. You really took that comment to heart. What you, I, or for that matter Vladimir think regarding the Climate conversation is largely irrelevant. Policy makers and the market will ultimately determine our path. Investing in a company whose main revenue stream is in fossil fuels should tell you that I am no crusty, but we do need to be conscious of sentiment which is I believe is currently strongly behind CO2 reduction. Good luck.

PDT - you have been busy. Some of your posts border on climate change denial which I wouldn’t prescribe to, but from an Igas position it seems like they are prepared for almost any turn in energy policy/sentiment. Hydrocarbons aren’t going anywhere soon, but Igas are well placed if/when the transition impacts. Clearly any possibility of fracking returning to the table would prove the most exciting short term SP prospect, but it feels like a supplementary long shot which shouldn’t be necessary to send the SP northwards. The core production business is performing well enough to deserve a higher MCap on its own and now three exciting diversification prospects building momentum in the background. Good luck.

It does just seem to get crazier Stew and makes you doubt your sanity. I often think shares I have invested in are undervalued, but I can not recall a company being as significantly under appreciated as Igas. Hard to see why the RNS today isn’t worth a conservative £2m on the Mcap, even at this early stage, given the credible partnership and an estimate of scale of the initial projects. If nothing else the downside must be dissipating almost entirely. I do understand that there might be more exciting short term opportunities about but surely this is one of the best prospects to stick in an ISA or SIPP for a year or two?

PS - thanks, I had only skimmed RNS this morning. I am pleased that Igas are continuing with their cautious financing approach. Reaction as is disappointing here which is acommon theme, but upward pressure must be really building below the surface. I feel we need some form of positive story around our core production to really ignite the fuse.

More good news. Any green energy pies we don’t have our fingers in now? Pleased to see more positive diversification plans linked to credible deliverable projects which show a real ambition by igas to grow into a long term net zero environment. 25 to 40 MW will be £20m+ (?) with Igas 50% responsible for the costs. To complete the circle it would be nice to know how all the diversification projects will be funded, but this can still only be viewed as great further progress. Enough for the market to notice?

I agree Stew. I suppose if I'm playing devils advocate, there are lots of exciting prospects around just now, particularly in energy and this is a small cap producer which is only really on the cusp of turning it around after being burned for getting into fracking heavily. Spike showed potential for interest but KOGs persistent selling killed all the good news and interest has waned. At current SP, its great value and I see little downside with undervalued core business and huge potential upside. We really need company to get the comms pipeline going. Good luck.

In terms of Canada showing preference for local business. Google - Nortel Canada vs UK pensions case. A few parallels to this case and the counsel for the losing side - Nortel Canada may sound familiar to you...

https://www.goodmans.ca/People/Alan_Mark/?srch=cineplex

Last two trades in normal time - both sales of 666 shares each… an obvious sign of who is controlling this SP?

Welcome Stew. I agree SP should be higher. I’m verging on becoming a ramper for IGas but I don’t understand what I’m missing or why there isn’t more interest. I get a forward EV/ebitda of around 5 with a barrel load of further potential upside - deep geothermal, hydrogen, gas and oil prices, fracking sentiment. I keep adding, now over £20k which is significant for me. Hoping for some positive news soon.

https://drillordrop.com/2021/10/11/igas-will-not-appeal-against-planning-refusal-for-springs-road-shale-gas-site/comment-page-1/?unapproved=279872&moderation-hash=6d765a78693429589fa8c9e51b2e093f#comment-279872

Interesting article. I suspect this will result in further asset write downs if not already recognised, but there is a sense of confidence and moral responsibility in IGas’s position. I’d be more concerned if they were desperately clinging to hope.

Nice to see a form of normality return to the buying patterns and SP movement, but this really needs a correction into the low 20's at the very least. Still expecting at least one TR1 which may help. GLA

Lifting the moratorium would be stage one. Would be no point in lifting it without either significant public opinion shift or a plan on how to incentive and engage locals and councils. If you look at the central government advice around planning for wind farms and other green energy, there are ways to exert pressure. Can’t see it happening anytime soon, but the fact that it is being discussed and may be for some time now can only increase speculative interest here. There will be some lag before all of the impacts of the current gas and oil price hits the end users which could create a very long conveyor belt of reasons to regurgitate the question.

Any views on why the comparison below seems to be giving IGas a £96m EV?

https://twitter.com/OilGasTracker/status/1445342393226629126

I have it under £40m which would make it competitive in this list before considering its advanced diversification positions?

I would say rightly Pawn. I consider myself sympathetic to the environmental cause but until we can do without hydrocarbons we should try our best to be self sufficient and the debate against fracking was flakey nonsence from jumped up locals rather than genuine scientific concern IMO. Igas now well placed without it, but much of the balance sheet right downs I believe to have been down to the fracking moratorium so any media change on fracking can only add potential upside.

Next time I sell my car I might stick a few bills for petrol and air fresheners I had to buy between the buyers deposit and their final payment. What’re my chances?

Whilst googling for any IGas news I came across this report. Its over a week old so appologies if already posted, but I hadn't read before:

https://total-market-solutions.com/2021/09/igas-energy-plc/

Not sure if our pensioners and poor struggling to heat their homes this winter will reopen the fracking debate, but it is another potential upside I hadn't considered and would be a gamechanger for IGas's core revenue.

IP - this share dealing is a fickle business. Lots of people chasing the ball when they should be thinking about taking up a strategic position for the next pass. We need some news to spark interest here - not even sure any more that an RNS with a significant new II would do it at this point. I suspect media stories around Hydrogen and Deep Geothermal along with production updates will start to turn the tide, and I'm hoping to head it in the net. Good luck

What about the bit where the Cineplex Lawyer feels like he lands a punch and tries to cut to the break in dramatic triumphant style but turns out he’d read his watch wrong. Quality stuff.

Mooky is like a Bond villain, calm collected and the accent adds baddie character. Whilst its quite clear Cineworld were looking for a way out of the deal early on, they haven’t proven it and Mooky is doing a great job of sticking to the line that intention was to continue with the deal. Ultimately the work by Cineplex to defer outgoings and materially compromise the business makes this p1sh seem insignificant. So what if they wanted a way out - you gave them loads…

0.1653 close. Nothing to shout about, but at least its blue on a rather red day across the board.