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With the gold price this high, Shanta should be over 20p only a matter of time, I believe 15p finish this week

Moving up quickly here, investors realising how undervalued Shanta is

We really need Eric to release full production for the year. It is imperative so the share price can re rate

It was at 225p and since then oil prices have increased 8%. Probs fair value is 250-260p

If RNS comes tomorrow then this is back up well over 200p especially at higher oil prices

Will be 200p at this rate if it carry’s on, amazing

82p open !!!

No confirmation RNS yet

IES delivered strong financial performance in the first half, with a significant increase in production compared with prior year and benefitting from higher oil prices. Alongside this increase, we delivered a material reduction in emissions intensity through a well workover to isolate a gas zone of the reservoir.



Net production for the first half of the year was 553 thousand barrels of oil (kbbls) (H1 2021: 210 kbbls), reflecting the additional production from the East Cendor development, which commenced in June 2021, and the partial reinstatement of the main Cendor field production with a temporary gas lift system following the outage that occurred in December 2020.



IES financial results for the six months ended 30 June 2022(1)(2)

Revenue increased to US$56 million (H1 2021: US$15 million) Average realised oil price(5) up 44% to US$99/boe, including the impact of hedging Net equity production up 163% to 553 kbbls EBITDA increased to US$44 million (H1 2021: US$4 million) EBIT of US$21 million (H1 2021: US$(6) million)
SEPARATELY DISCLOSED ITEMS

You mean spike up

#Petrofac obviously sky rocketing but was this in the rns? Maybe I am having a moment. Peel citing the first contract awarded for €1.1-1.2bn with a high single-digit percentage to be paid in cash imminently.

Shorters will not have expected this news and 1 has already tried getting out on Thursday, they would probably have been buying back Friday hence the recovery from profit takers.

Once profit taking disappears this will rise very fast, easily over 100p by next week and when that happens, the shorters will get scared more and buy back more hence a short squeeze.

It’s been happening a lot recently and this is a typical case here. Especially given how much the contract is worth

#Petrofac obviously sky rocketing but was this in the rns? Maybe I am having a moment. Peel citing the first contract awarded for €1.1-1.2bn with a high single-digit percentage to be paid in cash imminently.

this is not looking good at all, Baaghdad are now in power to negiotiate whatever terms they want

This will push to 100p plus next week, as shorters slowly buy back there shares, it is evident that they cant keep the lid on this for long, it has happened in many shares I follow, they will be squeezed and this will hit higher. Take a look at Aston Martin and what happened there

you are wrong and until official confirmation is made public all articles are heresay. IOC's usually get the worst end of the deal here

I cant see how this is going to end better for GKP and Genel, usually the IOC's get screwed but lets see what happens, if the deal gets done

1-2 months this gets resolved, GKP will lose a lot of money initially

Rumours are that Iraq could takeover the oil companies if no agreement is drawn up, is this true ? Really not looking good right hopefully an agreement over weekend if not then it could be bad

This is bullish as they shorters will have to exit especially as the share price recovered today, Monday should propel us higher, Petrofac news is game changing and the share price performance was poor today.