Its a bit desperate coming on IOG BB promoting pxen.
IOG prodcution 23mmscf/d H2 14mmscf/d 21mil in tha bank 21 mil mcap
Pxen max flow 5mmscf/d they only own a fraction so say 2.5mmscf/d net a day 25mil mcap
Ill stick to my iog, more stressfull but i love the thrill of it haha!
IOG finds gas not the amount that was first thought but as stated on the RNS there is evidence of a blockage.
Equipment to be on the rig later on this month to try unblock it.
23mmscf/d is not to be frowned upon. they can also run both wells if needed but will include the water cut from H1.
My take on it all they have flowed gas which was the main objective. The team has done incredibly well to get to this point with all the issues H2 created. They have built a great team and they have demonstrated they can over come issues and get the gas flowing.
Comparing this well to H1 It has no water cut, Better quality reservoir and could potentially flow at 30-40mmscf/d once blockage removed.
The bonds have always been a issue here. they will undergo a liquidity and now with its increased production of now 23mmscf/d and up to 336bb/l condensate it will simply get extended or wavered . They are obviously pre-emting worst case scenario incase of a breach. hense why they are in talks now
I have a huge holding here and will be holding through to winter gas prices when the real value will be achieved.
Even running 23mmscf/d and up to 336bbl/d condensate at current prices is still £4.5-5 mil a month 50% net to iog.
not to be sniffed at when our mcap is 21 mil with 21 mil in the bank.
the mm's have dropped this on open like its a duster. We are/will be producing multiple times of its peers at a fraction of the mcap. Sort the bonds out this will re-rate.
GLA
RB
Https://twitter.com/stevienics/status/1659634965171019785?s=46&t=sP1zlBeR0bCg2nL62gO_kg
The short was upped stakes to 2.41mil on the 11th of may when the sp was in the 4.5p region.
They are already heavily under water.
I have close to 2% long in IOG
I would be far more worried if I had a short on at 4.5p with the up coming flow results to come.
They initially started to short when IOG came into troubles with the drilling. Obviously now rectified and about to publish the flow results.
Going to be hard work to close out them shorts when this spikes on good news ;)
Very happy with my holding in IOG
Looking forward to these shorts getting burnt
GLA
RB
It’s most definitely not a sell ;)
RB
Great RNS guys. At least thats put to bed that i had inside info it wasnt coming haha.
GL to everyone and hope you all make bags of money!
GLA
RB
It’s my own choice. Simple as that made some very decent money.
GL guys
Yeah that’s me fully out of boil now,
No where near where I wanted it but in all honestly I am completely bored of all the negativity I have received of late, at least now you can’t blame every red day on “Robbie” dumping! Haha
Some cracking people on here and can see boil doing very well.
Wish everyone the best of luck and hope you get some sweet gains from here.
GL
RB
You know when your share is about to moon when Daz comes on the board warning you not to be here….
Look at what he did to prem haha ;)
We will all make big money here. Simple
GLA
RB
Haha Daz you must be the little chump on Twitter.
I will trade as I wish. Thanks for the nice bit of stalking though.
Still got some prem I have sliced. And to be honest what I do is entirely up to me haha.
Concentrate on your own game.
You are a complete troll who has been none stop on prem BB since it was .2 saying prem is going no where.
So very rich coming from yourself.
Get a grip.
Own up who is the troll on Twitter saying I’ve sold out? 11mil sold out haha!
Haven’t touched them. I added boil today! ;)
From what’s Tim said it’s all on track for delivery feb.
We will soon find out. Locked and loaded ;)
GLA
RB
https://twitter.com/stevienics/status/1628038456562647043?s=46&t=uYMYNp1fKPqNHzJ-cLPXog
Believe it ;) I’ve had a decent month of trading out it that way
How did you guess ;) haha
I added around 42mil ish through out the day.
Will be adding more tomorrow ;) then fomo Friday
Looking forward to the well awaited news to come!
It’s going to be a beast
GLA
RB
were close guys....
mad rush of volume ;)
haha well once BOIL pops i will be loading up all of the proceeds here ;) i know a few to be doing the same.
Its just a rough comparison, its just to highlight once Bylth gets online IOG will be severly undervalued.
At present is very undervalued. I have worked in O&G nearly 15 years. I have also worked on the southern north sea sector for my last project for perenco.
There was many onshore and offshore problems but seem to be have resolved. also a 4-6 week outtage back end of last year i was involved in which obviously cost IOG production .
I see big things with IOG short med and long term.
My isa and SIPP fully allocated to IOG now for the long term play.
GLA
RB
not yet buddy ;) I know a few large investors waiting to gain large entrys here.... ;)
I am in here long term, I wont be slicing till were in double figures.
Solid update from the company.
Looking forward to getting bylth online.
I am still loading my position. 8.35mil now.
im confident on where this is heading.
40mmscf production we are looking at over £200mil revs per year.
The only comparison i can see with similar debt is KIST. They did 120mil revs just over 40mil profits in H1 22.
We would be on a similar path once BYlth is online. they have over 100mil debt so very similar comparison. they are currently 300mil mcap.
Bylth is successful we are in for a huge re-rate here. 10 bags from here would make us 250mil mcap.
Risk reward for me is amazing.
GLA
RB