Member Info for Wolster69

Masks- read the first line of highlights in last ops update on 22nd Dec where it clearly states production as 22mmscfd ! Could NOT be any clearer !!

I wish these newcomers would trot off as this board used to be good but now all these ramping idiots have appeared who just abuse any factual statements as deramping as they don't like to read the hard facts of the situation. Believe me that nobody wants A2 to be resolved more than me and flow at 20mmscfd as planned but the reality suggests not, as I explained in earlier post today so not repeating detail now.

Poorinvester- see you next Tuesday

Masks- they already last said previously it was only around 22mmscfd, and in all probability has dropped further if liquids issue not resolved which is not likely as no RNS update to say so. Cash being spent to resolve liquids issues and now A2 problems, so likely to be lower than 30m I'd guess. Not deramping, just being realistic in view of the facts.

Masks- 30 plus would probably be the right sp if A2 flowed fully and B&E updated figures are decent to give us about 40mmscfd, but that looks unlikely now sadly. If we can get at least 10 out of A2 after fix and 15 out of B&E then a total of 25mmscfd should be enough to keep IOG going with enough cash to fund A1 and H2 and hopefully boost production over 50 mmscfd total prior to Kelham and Goddard drills. A bit blue-sky possibly but got to hope huh ?! A2 needs to be fixed well first so fingers crossed for that first.

Andrew000- would depend if they could get funding to back them to carry on I reckon. Could be difficult given their poor track record with wells so far all having major problems requiring significant cash and time to try to resolve.

Coldspy- last figure I recall seeing stated was approx 17mmscfd with approx 3 of that at hedged price and rest at day ahead I believe. But liquid issues were constantly reducing that figure as time went on, which is why IOG should be updating that info too so we have the full picture now, IMHO.

Drillspark... see you next Tuesday

Well I've just looked at Oldapache's posts and he appears to be a bit of an obstreporous and obnoxious type judging from his other posts so no surprise he acted like this just because I am highlighting my concerns about IOG's situation as a very concerned LTH and not jumping on the ramping bandwagon with blind faith that all will be resolved next week because a bunch of ill-informed newcomers here say so.

Maqsood7- and what if 5 of the 6 zones of A2 are waterlogged ? What sp then do you reckon?

Bladderman- reduced income in recent months due to production issues and lower gas prices, plus remedial actions costing money,so cash now will be much less than Oct.
A2 resolution will cost cash. Also, the H2 resolution on Blythe will cost over £20m from what I recall so that is why we need to know what production currently is or cash will run dry without Southwark success.
So I see a further RNS about current production as a necessity from IOG so we all have a full up to date view of the situation now.

Linkop- I am a LTH in IOG and have no idea on the sp next week, but not very confident that this will be sorted quite as easily as many are claiming on here. Obviously I hope if is, but the RNS didn't sound like it was that simple...just they they were trying what they could to try to salvage some commercial flow from A2 but I got the feeling that it'll be nowhere near the 20mmscfd that was planned for.

Shaml89- LO still have over 40 million shares at just under 8% holding !

Kessla- no, I said some are daft enough to buy on back of groundless ramping, so stop bragging about how much cash "you can afford to lose" as nobody cares.

Why the hell do all the influx of newcomers to this board this week not understand that the sp in the 40s was based on Blythe and Elgood producing well without water ingress issues known/publicised and with Southwark well on the near horizon to at least double the production to around 100mmscfd ? Because you don't know the IOG history that us LTH all know and understand, so stop with your blind assumption that this will double or treble or better from next week when now we have no producing assets without major issues hindering flow rates. SP is based on performance and IOG is not performing. And read the RNS properly to see that the glow is poor AND there is high volumes of water ingress, stated as TWO issues, so just stemming the water IF possible does not equate to increased gas flow necessarily. So stop the ramping to make your quick profit at the expense of people daft enough to believe it. Until the next RNS none of us KNOW what will happen from here and whether it can be solved. And A1 well has unresolved issues too which led to A2 being done first, so that is not a given either to follow with better news.

They have appeared as late reported trades last couple of days so might show up later on.

A worrying Finncap note and you have to wonder if BH will walk away if Southwark is declared a write-off, which would surely finish IOG ?

K3VMC - what stinks is that the well testing was done by end of Dec so they must have known of issues by then but they took almost 3 weeks to report it, that is what stinks. They have a track record for this which also stinks but many had hoped the new team would take a better approach to timely and open comms but clearly not.
The water issue sounds as though it is additional to poor flow from the RNS wording so that should be clarified too. We don't want them to say water ingress is resolved but gas flow still only MAXIMUM of 4mmscfd and non commercial.

Why would they not be able to buy? They are always working on getting production maximised and issues resolved so that can't be a reason surely, and no different to last time when they bought to show faith ?

Fully invested already, Davidspellacy. Have you?