Member Info for lovelife

Not sure what the close was? 3.8% or google showing 8.17% ?

But if it keeps adding 3-4% every day for the next week I'll be happy with that.

People still jostling what they've bought over the past few weeks.

No you can't agreed, but what you can do is focus on resolving the issues turning it around without think next month it's all done. So this gives the company ample time to work on different options whilst gas is flowing and the price is on the rise.

It all most became a perfect storm for IOG but I think they are out of rough waters and able to focus on what's needed for that RNS 'Half-Year Operational Update' (like I said) they put that out for a reason.

Am I wrong in thinking that the waiver is agreed, they currently have the money in the bank to pay it but due to legal reasons that sum needs to stay in the account? Gas is flowing and the reason for the extension is to allow IOG to have more money in the bank to pay both this interest payment and also at the end of Sept the next instalment. This in turn will allow funds to build and reap the benefits of higher gas prices which will take us through autumn & winter taking us to March?

So surely the reason of the waiver by the bond holders is because they see potential otherwise it is just kicking the can down the road. So I got back to the 'Half-Year Operational Update' Which I think people need to look at. The reason the board put this out was to highlight several options to all and sundry.

This should be our focus now and drive, what happens next? The MD & board have lots of options and now I think breathing space to achieve without worrying about the bond for the next year. Am I wrong in my thinking?

There are better people on here with the maths and more experienced drillers etc, but this is how I see the bigger picture?

I suspect this will keep rising but gradually. People will be getting out who thought they would make a quick buck in last few weeks (it was manipulated by the shorts when there was uncertainty) and got caught in at low prices.

But this company has a lot to offer and is more than a quick buy and dump. So I suspect more developments in the coming months if not weeks and plans to progress now this is sorted and gas price increasing. North Sea is a hot topic and part of UK future plan, it's not going away. IOG is well positioned now.

It's done 😊

That's fine what they have negotiated, The equity swap its always in the back pocket if needed at a later point so no need to rush into that?

Obviously this have stabilised here and I do see a small recovery over the next week or so.

Waiver needs to be signed extra.

IOG has a got a life line and a good one to do something over the next few months.

Slightly reliant on Gas prices going up over the next few months and into winter to really capitalise.

My understanding that the money is in the bank to pay now to pay interest? So my understanding about having this waiver is to keep reserves in the bank due to other obligations?

So the next 2 months are needed to keep cash coming in then payments can start to happen lick clockwork with no issues?

In my opinion IOG put out a strategy in an RNS a few weeks back outlining options for the company, surely the next real stage for this company is working out which of these balls to juggle. So what the company reports next is really important regarding actual plans, cost and when this will happen?

People speculated on the news , bought this morning, share price went up on the back of good RNS. They are selling and taking their cut. They aren’t bothered about a longer term rise or investment

Well someone just bought 17k £

Definitely on the turn, just need good progressive news from now to Xmas to make this work! Need big numbers in and out of the board room !!

On all my stock market apps IOG seems stuck on 9.45 am and nothing is showing after this. Anyone else having issues ???

Also when they are vocal the share seem's more volatile and a pattern of buy and sells with similar numbers?

*Shorts sorry

Is is coincidence that the heavy days of debate with curtain people hasn't happened today and the buy's and sells seem slow??? Yet when all the noise was happening the price seemed volatile?? Is this just coincidence???

Where are with the sorts now are they out?? thanks......

Agreed, these conversations are so much better and constructive.

Thanks to people with clear informed information that is neither ramping or de-ramping trying to influence the share.

Yesterday was a shocker of a day & not great for the nerves, especially with the negative posts.

What is good to see are numbers that make sense, it's tight! But what I like here is that there are options.

It's no quick fix but things can happen and the potential is still here. One person on here keeps quoting patients and that's where we are, give it time & let's see what the BOD do because options are there to be explored. It's good that people on here keep discussing objectively though to keep things sane!

If you go back to last week or not far after the RNS there is a lot of good discussion about all the questions you ask.

But in brief

Debt interest paid quarterly

Cash flow stable but very reliant on gas prices.

Projects being assessed but reliant on the any cash generated or other partnership revenue.

The bond need renegotiating asap to bring confidence to the market and future plans.

The last constructive talks added an extension to allow IOG to get to this point. I believe if it is not in the interest of the BOND holders to call it in. I see a 3 year plan in the last RNS. Options are there and it looks like the board are exploring these in full. Lots to play for!

They will have money to pay the interest and running costs as it stands. Correct I don't see they money in the bank to repay the bond in a year. Cash flow can definitely increase with gas wholesale prices over this period. The RNS clearly states ongoing constructive talks with the bond holders and I'm of the opinion it's not in the interest of the bond holders to call it in. Looking at the detailed portfolio prospects outlined there are plenty of options. The new BOD are look to negate this company through a tough period. The reason a new Financial guy was added was to navigate through this tricky period. There are people on this chat that have a lot better knowledge that me of this industry. But it looks like the board is being pragmatic in its approach and creative in it's thinking without wanting to take on too much risk. I see the bond extended and a process through this.

How many shares did they have? couldn't see on the board. thanks

Hopefully that's the bulk sell over then and we can start to look forward.