Member Info for PipeDragger

Whatever it means, it isn't setting the share trading alight! Hopefully some pundit somewhere gets to explain it better.

Jounce is obviously in deep trouble when it is sacking more than half its workforce. On the other hand, Jounce has a big bag of cash. Maybe Jounce realised their in house development was miles behind REDX? dunno

Let's hope this time it comes right. Just dud after dud so far but if the next well works then there is a chance it could come good.

Blyth, Elgood and Southwark. Only one out of the three is revenue producing but not full rate. (Skipper and Harvey drills previously weren't great results either). They need to find a way to get at least one more well flowing properly to give enough cash to keep going. My hunch is that this will ultimately all come good .... as long as they can find a revenue stream in the short to medium term.

Well said

Which is why they weren't previously developed

Trin has spent 1M on share buybacks. over the last 3 months. If they had given a dividend that would be around 2p a share. Do that every quarter and it would be 8p per share annually or a yield of 7%. I think I prefer a dividend.

Two out of three fields not producing isn't a hiccup! I hope they get some better news out of Southwark soon.

Technically a slight decline in production. The years go by and TRIN seems stuck. At least they are profitable: I hope a dividend starts this year.

The week has passed and no Q4 update. Late compared to previous years.

Will spud end of Q2. So results by 2024?

Only Blythe earning money but at least it isn't in a new fault. Hopefully the Southwark gets resolved and there is some sort of building production.

Must be due soon. Last one one was 22nd Dec

None of IOG plans for production have worked so far. Surely one of the fields must work. I would be happy if they got back to 20p in 6 weeks

It will be interesting to see if there is progress on production level and realised sale price etc.

Seems to be a pattern: Blythe, Elgood and now Southwark

Endless patience needed. There was no update on Blythe and Elgood. One wonders if they are still in deep dooh dooh there as well.

As confirmed again today's RNS, the reason these pockets of gas were not developed years ago is that they are difficult, marginal geologies.

Not the same thing. Stable production figures are many weeks, even months after 1st gas.

Maybe they will grow production or msybe they will announce further delays. Q4 update due later this month will confirm either way. Hard to see SP growing if production remains flat. They have again said they will start paying a dividend - that would help!