Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Hi Vista - welcome to IOG! You are right in that there is huge income potential here, IOG has made great progress in the last few months appointing contractors, installing wells and pipelines to get to their ultimate aim of producing gas with 2 large customers on board that have agreed purchase of the gas produced.
I think lack of posts here is, I suspect, due to the large number of long-term holders who are fully aware of the progress made and the close proximity of actually realising their aim and shareholders achieving a good return on their investments.
Best of luck!
As frustrating as it is for many people invested here, whilst I appreciate sensible, fact based discussion, this board has just turned into a mess with a few people using it as a place to hold their battles. This then means the board becomes diluted with no real ‘discussion’ and adds no value with the same people just repeating themselves over and over
Good to see positive news regarding gas sales agreement reached with 2 x major companies. Hopefully this will help keep and build the share price moving upwards to first gas as the project all comes together over the next 2-3 months. Great news.
IOG website has updated it's major share holders - w.e.f. 14th July.
https://www.iog.co.uk/investors/aim-rule-26/
Lombard Odier have decreased holding and there are now 3 new holders.
This looks like a few more institutions are beginning to notice us so, hopefully, are confident in a good return on investment.
11 weeks to 1st gas if all runs to plan so hope to see a steady rise over that period.
Good luck all!
I was of the same mind as you Alligator. I need to sell around 10k shares to cover something but was hanging on as thought these would slowly trickle upwards - so much for that theory! Gas offtakes are due to be finalised by end of Q2 (so next week) so maybe that may create some kind of movement?! Who knows?! Best, Neil
Interesting article on the OGA webpage, if IOG can get on board with this then there seem to be more opportunities ahead which should be good news to shareholders.
https://www.ogauthority.co.uk/news-publications/news/2021/bacton-ideally-positioned-to-become-a-significant-hub-for-clean-green-energy/
The 14 million trades have just appeared - both as 'sells' but presumably these are the sale and purchase setting off against each other?
couple of reasons for the drop. Firstly, people were expecting Harvey to be, even at lower est by IOG, 85/129/100 BCF. IOG are now saying there may be 40 BCF and possibly 100 in the Redwell area so, clearly Harvey has the potential to only have 50% of IOGs worst previous projection. Also, the Redwell area isn't part of the core plan so will involve more costs and time to evaluate - neither fields, at this time, have a confirmed commercial supply. The board have had 3 months to review the results and would have known a while ago that they were far lower than they had previously implied to shareholders so people will question (again) the boards integrity.
‘Boring period’ , priceless drilling reference there!
RNS out with Harvey, Farm out and FID update. Hopefully we are beginning to make actual progress towards the end goal!
there never was an actual offer from RRE
https://www.independentoilandgas.com/news_detail.php?Title=Board-Changes
If they email (rather than circulate) the conference call details I'll post on here, cheers
Hi. I sent Andrew Hockey an email stating how badly this has been dealt with and the company's repeated failure to communicate actual progress and keep investors involved and updated.
Have just received this response from their CFO, James Chance
"Thank you for your message. We understand your concerns and very much appreciate that shareholders have questions at this time. We are in fact in the process of organising a shareholder conference call – details of which we should be able to share in the next day or two. On that call we plan to address the questions that you and other shareholders may have. Thank you for your patience and support for the company."
Does anyone know why the 1,000,000 buy not shown until late - bought at 15.5p each, ta
Given that gives them 2.5 years it's hardly pressing us it
Inho
Sad that this board has become full of people who want to have battles with each other over numerous unknowns. Hopefully, by Tuesday, the RRE play Will be made clear and then maybe things here can normalize rather than people using the BB as a forum to compare d*ck sizes.
Yes, but Colter were granted an extension for drilling until end of March. Not sure if they will need all of that time or not.