Member Info for Wolster69

Exactly ! Prior to markets opening this morning, I expected us to be around 15p tonight rather than above 20p so relatively happy days.

Sudden jump of 10% in half an hour....is news leaking out ?

Thanks, SailorNL - a promising sounding update !

Thanks, Kris. Surely they must currently be on track to miss several of these !

Hairy like a woolly mammoth at present !

Does anyone on here happen to have a summary of what the boards LTIP / bonus payments are based on ? Does the sp impact it or just profits and income ?

Worrying thing is these do not appear to be II size sales on the whole, so if consistent big II sales do follow then we're really gonna plummet. I think II's chunks would be sold by now if they were going to sell. Dread to think of sp by end of week with no positive news and the overall market.

The last sp recovery in mid June only occurred once an RNS was issued to confirm fix and production re-established to good level so surely same process would be followed by IOG thus time around, despite arguments to contrary by some on here. So only conclusion for me is still not sorted yet and sp likely to continue to suffer until news of positive fix and production figures is issued, though the recovery may be less speedy if a once-bitten attitude understandably exists for a while.

Yes they are a subsidiary of BP ! Not masquerading.

Dunderhead, I second that, but it won't make any difference, even if every PI wanted it as we amount to zip as has been shown by the attempt to group the holdings together to get a voice on here but was abandoned due to tiny proportion involved. Fact is that IOG will continue to operate exactly as before (silent approach, except for tipping off LOG administrators and II's) and up to each individual or body whether to remain and hope for improvement or cut losses and move on.

Mole - I agree they won't RNS an update given their track record. But that lack of further news is what is causing the sp decline as the market hates uncertainty and is left to deduce that the issue remains unresolved until told otherwise. So we just need to hope they sort it and can issue a positive update whenever and hopefully on both fronts, then we will see how much long term damage to confidence in IOG has been done by the sp reaction, and of course the gas market at that time given the Ukraine situation.

The conclusion I'm getting is the high salinity issue is a very complex one and, as that article states, there is no single solution to it that works for all situations and it requires a good deal of work to resolve, complicated by it being an unmanned platform and difficult to get fresh water to it even if that is an option. So, contrary to the opinions of some on this board, I think an RNS update is required to give an idea of whether they have isolated the issue now and if a workable fix has been identified yet and an approx timescale if so, etc. Without that we cannot be surprised at the selling going on and sp decline since the interims.

....and now someone seems intent to hit your 24.50 prediction.....could this be you selling ?!

Scored - its 10.30 now and sp is 25.19........Nostradamus is safe !

Deniscaff, I don't think you can ignore the impact on sp of no positive news yet regarding resolutions to the issues in the interims.

IB - a bit poor that we've come to just 8 working days from 30th Sept "target" before updating about the actual date being worked to. Surely they have known this for ages.
26th May now deadline for DIA, so effectively the date has moved on by the approval portion, but in reality should not take anywhere near that long if working closely with APA anyway, so fingers crossed for an April DIA.

Does anyone know timescale for next stages (design, etc) that run in parallel ? Clearly the EIA amends required are significant that they've had to rely on working days over calendar days in order to try and meet the deadline !

GG - yes the NHD moving off Southwark and frac vessel arriving will give us an indication of Southwark progress as you say, which should be well before year end if IOG are to meet plan of starting drilling of Kelham and Goddard this year which the half year update seemed to indicate is the plan. Fingers crossed !

spArmada- it was tongue in cheek ! No chance IMHO of such an RNS and I fear more likely an RNS to announce delay into 2023 but as a LTH of 7 years I will be ecstatic if first gas does finally flow from Southwark in Q4 in planned volumes.

Pressure seems to be building nicely to get these critical resource approval decisions in the EU accelerated and over the line so not too bothered about the end of Sept target as would rather the work be submitted a bit later if the necessary changes to approval systems are then in place.