The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I agree with Rossannan. Wells have to be flow tested then shut-in to see if the pressure comes back. If it flows well and then the shut-in pressure stays super high then they have a great find. If the shut-in pressure doesn't come back then they have a little pocket. I think they know the geology well enough that it is highly likely to be a good find. Just have to wait another month or so for the flow data
This morning's RNS looking more positive. :-)
Daily trades have almost disappeared. It was only TRIN buying their own shares. Now it is almost no-one.
IOG's track record in destroying investor value year on year has been remarkably consistent. If only they had employed really good petro-geologists then they might not have bothered. Confirmation bias is at the root of it all. They wanted to believe there were lucrative pockets of oil and gas ready and waiting so that is what they saw. hey ho.
These are broker targets for 6 month ahead and set less than one week ago. We may not like them or agree with them but that is their assessment of where the SP will be.
Take your pick. of the most recent published targets
Yup, time to leave was this morning
25th April 2016 RNS "Trinity is continuing to target an eventual run-rate closer to 3,000 bopd over the next 12 month".
10th July 2023 RNS "Production sales guidance for the full year 2023 remains unchanged at 2,800 bopd - 3,100 bopd".
While the financial health has improved, shareholders have lost interest and SP has halved.
Will they pay a dividend as planned? I wouldn't be surprised if they cancel, given their record.
I think they mean at least one month before they can figure out whether it is a meaningful drill or n
Just one well and with modest production. It will decline. IOH need a miracle.
I am now wondering if the share price will bottom out before the well
At spudding, it was predicted to reach bottom by 19th June. I wonder how many months before we learn if it is a success or "below expectations". They were terribly coy about the infill wells drilled at the end of last year: I couldn't work out if they returned the investment or not.
Share price unlikely to stabilise until they have stable flow established.
Because there is just one producing well after a long series of duds and disappointments. They have ended up like Hurricane Energy. All that money and hardware for just one ok well
One reasonable well. So they survive. Need more good wells to return investment.
IOG's problem is more basic than this. Every well they have drilled (for several years) has been a dud or a disappointment. Great infrastructure built but the hydrocarbons are elusive.
TRIN has been long on promises over the years but short on results. Lets hope the drilling roulette has a better result this time. I suspect the dividend might depend on it. GLA.
Flat production reconfirmed this morning. How many years must we wait for them to consistently break 3000 bopd?
Chill everyone, it is Friday, lots of us have lost money here.
If you know the movie "if we build it they will come". IOG version: if we build platforms and commission a pipeline the gas will come". If only it were true.