Member Info for PipeDragger

I am very impressed by the deal. The terms are way more favourable to IOG than anyone would have guessed.

It is really hard to tell. They are saying the right things and the cash position is reassuring. This time next year I am sure it will either be really great .... or time to move on. It must be hard for the original investors who were in at 85p. I would be very happy if it got back to that.

Probably part of the bill for the Skipper well.

GG, I can think of a few companies that have sorted their finance and have a firm track to the end result. HUR would be an easy example. And there was quite a dilution there but they are sorted now. IOG have to pay some serious bills, the biggest short term is for skipper. If they draw down from LOG then that is 8p conversion. December should bring clarity one way or another. Good luck to all. (Easy to lose money by reading LSE posts!)

And Do your own research. I am not competing with the rampers. LOG have 8p a share conversion. Skipper well costs to be paid. Once those are cleared the true path to value can be assessed. Good luck to all.

D is also for debts and dilutions. IOG needs more funds and until we learn how much dilution that will involve - I would be cautious. Good luck.

Yes. it seems to have found its bottom and will now drift a little up as the market realises the current intrinsic value and that it doesn't need cash for more than a year. I am just glad that my modest holding is still worth something. Hopefully there will be some good news to come in the next 12 months and the original launch investors will get more than their money back.

Each to their own research: this RNS and the other on 26th May are for me the best summary. While it is a "Marketing communication" - and of course it says "buy" - it sets out the funding challenge. There is a mix of borrowing (deferring) from suppliers and dilution of equity but they also need a lot of new cash. In December there are still the Skipper well costs to be dealt with (as Malcy also keeps reminding us). The dilution section of the referenced 26 May RNS is sobering � LOG will get up to half of the business for 8p a share. Raising more cash might be a major further significant dilution. But all that is factored in the �buy� rating. I would call it more of a punt but if IOG successfully negotiates those challenges over the next few months it could be a great result in the long term. Everyone has their own price/risk appetite. Good luck to all. (Just for the record, �pipedragger� � yes I do work in the offshore O&G industry dragging pipes into place but on this one: I am just a private investor).

I'm with Longside's summary on this one. IOG critically depends on finding more cash from somewhere. They are hoping to get most of it by deferrals from contractors. That is fraught with risk: nobody gives money like that without a high later cut. Likewise there is the immediate challenge of persuading the actual Skipper well costs to be deferred. What if they can't defer it again? In that context I think the share price is the wrong side of 20 right now.

Well let's just see where the price goes in the next few weeks. Good luck

Maybe I am raining on the parade ......but nothing I have learned from recent RNS fundamentally changes what I knew 6 months ago. Long term it should be great but big rises just now are unlikely to be sustained. Good luck.

It could be all over the place for a few days.... but given the cash position and the significant management changes it shouldn't crash.

Quite amazing that they have come out of admin. I don't have a lot in this one but nice to know it isn't all gone. Reading the Admin report it is clear that behind all the usual REDX hyperbole there was real value. Hopefully lessons have been learned. The next RNS is going to be of great interest. (If the clinical trials are positive that would greatly help). Good news for a Friday!

Yes oil sets the sentiment even for gas.

While I think this is a great long term hold ..... the recent RNS didn't fundamentally change what was known already. That and the price of oil. So it might dip a little more .... but it should be very good in the long term. Those who hold HUR saw the same effect 6 months ago.

Maybe it wasn't really viable after all. Might be months before the story comes out. The administrators bill won't be small either. I am not very hopeful there will be anything left for shareholders.

If there was sufficient accessible cash to redeem the loan, that would have been done in a few days. On the other had, they don't appear to be liquidating the business so it may be viable. Hopefully it will come out of administration but confidence will be trashed.

I see no politics here. REDX management were obviously gambling that they could fob off Liverpool once again with promises and a token payment. Not a good move. If the company survives administration then confidence will be shot and they will struggle to raise the new funds they will certainly need later. Investors may get very little back or even nothing. As always with AIM shares - only invest what you are prepared to lose.

Rather prescient remarks by Midas3316 last week. "I woud guess in around 2 years and with a further fund raise they should have it going. I work with clinical trails within the NHS and these things take forever. Very very few ever make money" . As always, only invest in AIM up to the limit you can afford to lose. John Moulton was on of the original startup He is no fool but must be hoping mad now!

2 million at 12% interest is nearly 4m after 5 years of compound interest. That would have cleaned out the cash at 31st March (though they have raised more since). The ineptitude of the situation they have got themselves into is staggering. It could all be goodnight it if it is not fixed in a week.