Member Info for MasksNewNorm

2 out of 3 fields are producing and Southwark has gas which is better than 3 dusters.

As long as the current production continues we have life blood. Fingers crossed with Southwark and the following back to back operations and drilling.

OPEX only 13.9p therm. Cash in bank over 30m.
Current cap 39m
Production continues 16-21 scuffs per day.
Southwark will be sorted.
9 more blocks over 5 licenses with discoveries in place close to Saturn banks are now likely in the bag

And the chart is very bullish here guys.

Pretty much equals cash in the bank so nothing priced in and production continues outside of Southwark.

Buying money at this level guys imo tiny cap cash rich. Forward plan clear.

Cap only £41m. Massive upside from here.

Potential

Rigger. Finally some sense. Good post keep it coming.

On current production before the planned maintenance we were in the 20’s sp Since then directors have bought and production has recommenced. The only difference is Southwark news which is a separate production opportunity.

Accumulate whilst the market is working it out imo.

People forgetting they were producing before Southwark and still are. Forgetting the cash balance also it seems.

Following the scheduled monthly receipt of payments for gas sales, lOG's cash position is today in excess of £36 million, of which £5 million is restricted. The Company's internal modeling projects corporate cash flows in a range of risked scenarios, including lower production outturn versus forecast, longer than planned downtime and gas prices materially below the prevailing forward curve.

Besides Southwark production continues

21p*

Remember when we had the planned maintenance work the sp dropped from around 2p to the current level at which time directors accumulated and on announcement production had recommenced the sp rose to around 15p. Well that production is still in action.

Cash in bank now greater than cap and they are still producing whilst Southwark is being worked on. Accumulating here.

Yes Nice accumulation going on.

27 mmscf/d from First Gas in March 2022 to year end

Did you not watch the interview Wollston?

22-28 scf p/d current production.

22-28 scf p/day as it stands and cash equal to cap pretty much.

Could be time to double up my holding here.

Note. On the current production before the scheduled shutdown for planned maintenance the sp was mid 20’s.
Let’s see if the directors buy more as they did at this level previously.
Broker target was reckoned with gas at 40 something p/therm which is currently circa 170 p/therm although IOG are partially hedged at 319p/therm this month.
If IOG could give us the current production figures and ideally still around 22-28 scf p/d it should reinstall some level of confidence for the market.
Fingers crossed guys. They have a strong cash balance around £30m, confirmation of this would be welcome also.