Member Info for maqsood7

Prices everywhere.
It seems like a big jump in sp is coming!
Hold tight, and wait for sudden moves.
Dyor

A production logging tool (PLT) is being run to acquire downhole data that will help to understand the contribution of each zone and inform next steps

- Subject to the PLT data, the potential solution would be to isolate water producing zones to enable gas flow from other zones. Relevant equipment has already been mobilised to the rig and would be expected to be utilised over the next week.

So chances of success is quite high as PLT data will help isolate water producing zones??!!
Next week will be a big week for IOG.

45p was year high so 15-18p will not be difficult to achieve with this well producing at commercial levels and more wells are coming soon!!
Good luck all,will see bigger moves with confirmation of Lombard below 3%!!
Dyor

Agreed MickR someone is loading big time here with 100k blocks since it dropped!!

Agreed. It is win win situation here.
Year high is 45p and year low is 7.20 which is where we are now with mcap is nearly equal to cash?!
Production is increasing and oil is stable at 80 now!!
Load upppppp

Expecting 2 TR1s here.
One from Lombard saying they are below 3% now
And one from the person announcing his holding who is buying in 100k blocks!!
In short Lombard shares shifting to someone!
Friday today and from next week IOG will be doing the workover to stop the water rushing out and if successful will be big flow of gas will be seen!!!!
Hold for gold.
Company is having nearly the same amount of cash in hand as the mcap??!! Means only way is upp from here?!
Dyor

they sold 5% yesterday.
now below 8%.
if they selling daily 2% then will take 4 days to be out.
or today volume is good and if they manage to sell,3-4% then they will be out tomorrow or monday?!
anyway every single share is being bought which is available
even bod paid 10p for their shares which they bought recently
more confident for shareholders!!

Lombard maybe sold remaining ones today as they are very close to be out!
Good thing is that there is a buyer for all those shares sold!!
Look at those 100k block buying and also that 1mil and half million shares are also buys!!
Hold tight and this will be moving to the north with confirmation of Lombard is completely out!!
And as per company announcement they are trying to block the water flow,which will increase the gas flow!!!
Hold tight dyor

Tonnacombe,if you wait for 5p you might end up paying above 10p,lol :)) :))

according to RNS well is producing gas but it is below the expected rates.
water is flowing at higher rates and which is restricting the flow of gas from different zones!

actions to be taken:
=company has already mobilised relevant equipment to the rig to isolate the water producing zone, and that is expected to mobilise NEXT WEEK!!
=if isolation is successful,updated well results would be expected within the coming weeks!!

so not a duster yet and there is a good chance of isolating those water producing zone which will let the gas flow at much higher rates from more zones!!

hold tight and DYOR, one more week maybe?

SP was at 0.80 before funding trouble.
So expecting it to go there again and then producing increase should give another boost in sp!!

0.60 should be arriving here today imo!!!

Q2 production was 740oz
Now Q3 and Q4 production should be higher or similar to that numbers!!
And now we got more heap leach (3) so production will be lot higher in the next quarter!!!

People will be silly to sell on news because there will be more news to come about production increased!!!!!

Funding news on the wayyyyyy!!!!
Load uppppppp!!!

king12 dad took his laptop back,lol :))

another one with 1 post appeared.
account opened today and started with negative post,lol.
this is the sign that someone is looking to buy big chunk for cheaper......
join the dots....
these are the people who ramp the share when they are in and deramp it as soon as they sold and want cheaper entry....lol

nice £25k buy,
someone is more confident at these low levels.

they are producing enough to supply to philoro.
Q1 1200 oz and Q2 740 oz.
H1 produced nearly 2000 oz which is 3.6mil at 1800 spot price.
and if we maintain the same level of 2000oz in H2 will give 3.6mil more revenue.
so 7mil plus revenue and mcap is 10mil only??
I can see many explorer got mcap of 40-50million!!
RERATE will be happening here and that will be huge!! imo

ID78 that is quite encouraging though.
but I think we will have more funding from philoro as they got priority to buy our gold now as OCIM might stay back?
some buying pressure today, and all buys in red colour,lol