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Independent Oil and Gas

DB:IO7
Snowflake Description

Slightly overvalued with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
IO7
DB
£64M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Independent Oil and Gas plc explores for and develops oil and gas properties in the North Sea, the United Kingdom. The last earnings update was 4 days ago. More info.


Add to Portfolio Compare Print
  • Independent Oil and Gas has significant price volatility in the past 3 months.
IO7 Share Price and Events
7 Day Returns
43.4%
DB:IO7
18.1%
DE Oil and Gas
7.3%
DE Market
1 Year Returns
-30.1%
DB:IO7
21.9%
DE Oil and Gas
-17.7%
DE Market
IO7 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Independent Oil and Gas (IO7) 43.4% -4.5% -20.4% -30.1% - -
DE Oil and Gas 18.1% -15.9% -28.7% 21.9% -25.6% 137.4%
DE Market 7.3% -17.9% -25.8% -17.7% -25.6% -29%
1 Year Return vs Industry and Market
  • IO7 underperformed the Oil and Gas industry which returned 21.9% over the past year.
  • IO7 underperformed the Market in Germany which returned -17.7% over the past year.
Price Volatility
IO7
Industry
5yr Volatility vs Market

Value

 Is Independent Oil and Gas undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Independent Oil and Gas. This is due to cash flow or dividend data being unavailable. The share price is €0.1265.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Independent Oil and Gas's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Independent Oil and Gas's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:IO7 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in GBP £0.05
AIM:IOG Share Price ** AIM (2020-03-30) in GBP £0.13
Europe Oil and Gas Industry PE Ratio Median Figure of 105 Publicly-Listed Oil and Gas Companies 5.67x
Germany Market PE Ratio Median Figure of 400 Publicly-Listed Companies 16.36x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Independent Oil and Gas.

DB:IO7 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AIM:IOG Share Price ÷ EPS (both in GBP)

= 0.13 ÷ 0.05

2.62x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Independent Oil and Gas is good value based on earnings compared to the Europe Oil and Gas industry average.
  • Independent Oil and Gas is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Independent Oil and Gas's expected growth come at a high price?
Raw Data
DB:IO7 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 2.62x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
-89.4%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 65 Publicly-Listed Oil and Gas Companies 0.17x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.2x

*Line of best fit is calculated by linear regression .

DB:IO7 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 2.62x ÷ -89.4%

-0.03x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Independent Oil and Gas earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Independent Oil and Gas's assets?
Raw Data
DB:IO7 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in GBP £0.08
AIM:IOG Share Price * AIM (2020-03-30) in GBP £0.13
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 0.94x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.43x
DB:IO7 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AIM:IOG Share Price ÷ Book Value per Share (both in GBP)

= 0.13 ÷ 0.08

1.57x

* Primary Listing of Independent Oil and Gas.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Independent Oil and Gas is overvalued based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Independent Oil and Gas's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Independent Oil and Gas has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Independent Oil and Gas expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-89.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Independent Oil and Gas expected to grow at an attractive rate?
  • Independent Oil and Gas's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Independent Oil and Gas's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Unable to compare Independent Oil and Gas's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:IO7 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:IO7 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts -89.4%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 2.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:IO7 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:IO7 Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 38 24 -1 4
2020-12-31 0 -6 -11 4
2020-03-30
DB:IO7 Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-12-31 -10 15
2019-09-30 -7 4
2019-06-30 -3 -8
2019-03-31 -3 -7
2018-12-31 -3 -6
2018-09-30 -3 -5
2018-06-30 -2 -4
2018-03-31 -2 -3
2017-12-31 -1 -3
2017-09-30 -1 -12
2017-06-30 -1 -22
2017-03-31 -1 -22

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Independent Oil and Gas's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if Independent Oil and Gas is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:IO7 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Independent Oil and Gas Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:IO7 Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.00 0.00 -0.01 2.00
2020-12-31 -0.02 -0.02 -0.02 2.00
2020-03-30
DB:IO7 Past Financials Data
Date (Data in GBP Millions) EPS *
2019-12-31 0.05
2019-09-30 0.02
2019-06-30 -0.05
2019-03-31 -0.05
2018-12-31 -0.05
2018-09-30 -0.04
2018-06-30 -0.03
2018-03-31 -0.03
2017-12-31 -0.03
2017-09-30 -0.12
2017-06-30 -0.21
2017-03-31 -0.22

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Independent Oil and Gas will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Independent Oil and Gas's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Independent Oil and Gas has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Independent Oil and Gas performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Independent Oil and Gas's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Independent Oil and Gas's year on year earnings growth rate has been positive over the past 5 years.
  • Independent Oil and Gas has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Independent Oil and Gas has become profitable in the last year making it difficult to compare the Europe Oil and Gas industry average.
Earnings and Revenue History
Independent Oil and Gas's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Independent Oil and Gas Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:IO7 Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 15.03 2.62
2019-09-30 3.67 1.91
2019-06-30 -7.70 1.20
2019-03-31 -6.67 1.09
2018-12-31 -5.64 0.97
2018-09-30 -4.77 0.92
2018-06-30 -3.89 0.87
2018-03-31 -3.32 0.79
2017-12-31 -2.75 0.70
2017-09-30 -12.27 0.34
2017-06-30 -21.79 -0.02
2017-03-31 -21.61 0.13
2016-12-31 -21.44 0.28
2016-09-30 -8.49 0.67
2016-06-30 4.46 1.07
2016-03-31 4.89 0.96
2015-12-31 5.32 0.84
2015-09-30 -2.78 1.27
2015-06-30 -10.88 1.69
2015-03-31 -11.51 2.18
2014-12-31 -12.15 2.68
2014-09-30 -7.20 2.31
2014-06-30 -2.26 1.94
2014-03-31 -1.65 1.29
2013-12-31 -1.03 0.65

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whilst Independent Oil and Gas has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
  • Independent Oil and Gas used its assets more efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • It is difficult to establish if Independent Oil and Gas improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Independent Oil and Gas's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Independent Oil and Gas has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Independent Oil and Gas's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Independent Oil and Gas's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Independent Oil and Gas is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Independent Oil and Gas's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Independent Oil and Gas's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Independent Oil and Gas Company Filings, last reported 2 months ago.

DB:IO7 Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 40.55 89.24 16.20
2019-09-30 40.55 89.24 16.20
2019-06-30 9.19 34.98 14.51
2019-03-31 9.19 34.98 14.51
2018-12-31 -5.78 29.82 0.70
2018-09-30 -5.78 29.82 0.70
2018-06-30 -7.14 25.07 4.61
2018-03-31 -7.14 25.07 4.61
2017-12-31 -4.77 12.39 0.15
2017-09-30 -4.77 12.39 0.15
2017-06-30 -5.54 10.91 0.16
2017-03-31 -5.54 10.91 0.16
2016-12-31 -4.30 8.81 0.25
2016-09-30 -4.30 8.81 0.25
2016-06-30 14.19 2.11 0.11
2016-03-31 14.19 2.11 0.11
2015-12-31 13.48 1.46 0.02
2015-09-30 13.48 1.46 0.02
2015-06-30 6.13 0.36 0.03
2015-03-31 6.13 0.36 0.03
2014-12-31 5.98 0.46 0.40
2014-09-30 5.98 0.46 0.40
2014-06-30 15.53 0.58 0.32
2014-03-31 15.53 0.58 0.32
2013-12-31 14.94 0.00 1.12
  • Independent Oil and Gas's level of debt (220.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (7.7% vs 220.1% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Unable to confirm if the interest payments on Independent Oil and Gas's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Independent Oil and Gas's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Independent Oil and Gas has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Independent Oil and Gas's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Independent Oil and Gas dividends. Estimated to be 0% next year.
If you bought €2,000 of Independent Oil and Gas shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Independent Oil and Gas's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Independent Oil and Gas's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:IO7 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 9.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 1%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:IO7 Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.00 1.00
2020-12-31 0.00 1.00
2020-03-30

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Independent Oil and Gas has not reported any payouts.
  • Unable to verify if Independent Oil and Gas's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Independent Oil and Gas's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Independent Oil and Gas has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Independent Oil and Gas's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Independent Oil and Gas's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Independent Oil and Gas afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Independent Oil and Gas has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Independent Oil and Gas's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Andy Hockey
COMPENSATION £297,000
AGE 59
TENURE AS CEO 2 years
CEO Bio

Mr. Andrew Raymond Hockey, also known as Andy, has been Independent Non-Executive Director of Chariot Oil & Gas Limited since JUne 3, 2019. Mr. Hockey has been Chief Executive Officer of Independent Oil and Gas plc since February 2018. Mr. Hockey served as Deputy Chief Executive Officer of Independent Oil and Gas plc since March 20, 2017 until February 2018. Mr. Hockey is the Founder of Decom Energy Limited. He served as the General Manager of Business Development at Fairfield Energy Limited. He served as General Manager of CNS & SNS, General Manager of Existing Assets and General Manager of Joint Ventures & New Business at Fairfield Energy and was responsible for its Crawford, Maureen and Clipper South assets. He joined Fairfield from Eni in Milan where, he served on the North Caspian project from 2002 to December 2005 and as Development Project Manager for the Kalamkas More Field until 2005. He worked in the energy industry for more than 35 years, initially as a Petroleum Geologist and then as an Asset Manager. He served as Venture Manager of Commercial Group for Eni in London. Before joining Eni in 2001, he served as an Asset Manager of North Africa for Lasmo plc with responsibility for an asset portfolio in Algeria, Tunisia and Morocco; ranging from frontier exploration through to established production. Prior to joining Lasmo, he served as an Exploration Manager of Algeria for Monument Oil and Gas and North Africa/Greece Project Leader for Triton in London. He was an Exploration Geologist for Fina in the North Sea and internationally. At Fina, he spent over 15 years in technical and managerial roles, including 7 years in the UK North Sea and overseas postings in Singapore, Ho Chi Minh City, Melbourne and Brussels, where he worked on the Vietnamese offshore, the Gippsland and Perth Basins in Australia and basins across North Africa. He served as the Non Executive Chairman of Sound Energy plc (Also known as Sound Oil Plc) from October 2012 to June 25, 2014. He has been a Director of Independent Oil and Gas plc since March 20, 2017. He serves as a Director of Fairfield Fagus Ltd., Fairfield Acer Limited, Fairfield Betula Limited, Fairfield Cedrus Ltd and Fairfield Fagus Limited. He serves as a Non-Executive Director of Fairfield Energy. He served as a Non Executive Director of Sound Oil Plc from May 9, 2011 to September 28, 2015. He serves as a Director of IOG Infrastructure Limited, IOG North Sea Limited, IOG UK Limited, Avalonia Energy Limited, Avalonia Energy Appraisal Limited, Avalonia Energy Developments Limited, Avalonia Abbeydale Limited, Avalonia Goddard Limited, Decom Energy Limited, Fairfield Energy Holdings Limited, Decom Energy (No.1) Limited, Fairfield Decom Limited and Andrew Hockey Advisory Limited. He served as a Director of Fairfield Energy No.1. Limited, Ineos Clipper South B Limited, Ineos Clipper South C Limited, Coro Europe Limited and Taiga Energy Limited. Mr. Hockey holds both a BA in Geology from Worcester College, Oxford University in 1981 and an M Sc in Petroleum Geology from Imperial College, London in 1984.

CEO Compensation
  • Andy's compensation has increased in line with Independent Oil and Gas recently becoming profitable.
  • Andy's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Independent Oil and Gas management team in years:

2
Average Tenure
59
Average Age
  • The tenure for the Independent Oil and Gas management team is about average.
Management Team

Andy Hockey

TITLE
CEO & Director
COMPENSATION
£297K
AGE
59
TENURE
2 yrs

Mark Hughes

TITLE
COO & Director
COMPENSATION
£181K
AGE
61
TENURE
1.9 yrs

Rupert Newall

TITLE
Chief Financial Officer
TENURE
0.3 yrs

James Chance

TITLE
Head of Corporate Finance & Investor Relations
TENURE
0.3 yrs

Doug Fenwick

TITLE
Technical Director
TENURE
3.5 yrs

Robin Storey

TITLE
General Counsel & Company Secretary
TENURE
1.2 yrs

Peter Young

TITLE
Head of Business Origination
COMPENSATION
£38K
AGE
47
TENURE
3 yrs

Colin Jones

TITLE
Chief Petroleum Engineer
TENURE
3 yrs

Gavin Milne

TITLE
Group Financial Controller
TENURE
3 yrs
Board of Directors Tenure

Average tenure and age of the Independent Oil and Gas board of directors in years:

1.2
Average Tenure
57
Average Age
  • The average tenure for the Independent Oil and Gas board of directors is less than 3 years, this suggests a new board.
Board of Directors

Fiona MacAulay

TITLE
Independent Non-Executive Chair
COMPENSATION
£17K
AGE
56
TENURE
1.2 yrs

Andy Hockey

TITLE
CEO & Director
COMPENSATION
£297K
AGE
59
TENURE
3 yrs

Mark Hughes

TITLE
COO & Director
COMPENSATION
£181K
AGE
61
TENURE
1.9 yrs

Esa Ikaheimonen

TITLE
Senior Independent Non-Executive Director
AGE
55
TENURE
1 yrs

Neil Hawkings

TITLE
Independent Non Executive Director
AGE
57
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Independent Oil and Gas individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
27. Mar 20 Buy Mark Hughes Individual 26. Mar 20 26. Mar 20 100,000 €0.13 €13,083
27. Mar 20 Buy James Chance Individual 26. Mar 20 26. Mar 20 40,000 €0.13 €5,233
27. Mar 20 Buy Andrew Hockey Individual 26. Mar 20 26. Mar 20 80,000 €0.13 €10,466
27. Mar 20 Buy Rupert Newall Individual 26. Mar 20 26. Mar 20 100,000 €0.13 €13,094
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Management checks
We assess Independent Oil and Gas's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Independent Oil and Gas has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Independent Oil and Gas plc explores for and develops oil and gas properties in the North Sea, the United Kingdom. It primarily focuses on the development of hydrocarbon reserves, as well as the acquisition, trading, and monetization of its license interests. The company 100% working interests in the Blythe gas field in the southern North Sea; the Skipper license located to the south east of the Shetlands in the northern North Sea; and the Nailsworth, Elland, and Southwark fields in the southern North Sea. It also holds 100% working interests in the Harvey and Truman promote license; and the Elgood, Tetley, and Rebellion promote license located in the North Sea. Independent Oil and Gas plc was incorporated in 2010 and is headquartered in London, the United Kingdom.

Details
Name: Independent Oil and Gas plc
IO7
Exchange: DB
Founded: 2010
£71,540,207
480,173,245
Website: http://www.independentoilandgas.com
Address: Independent Oil and Gas plc
10 Arthur Street,
London,
Greater London, EC4R 9AY,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM IOG Ordinary Shares London Stock Exchange AIM Market GB GBP 30. Sep 2013
DB IO7 Ordinary Shares Deutsche Boerse AG DE EUR 30. Sep 2013
Number of employees
Current staff
Staff numbers
26
Independent Oil and Gas employees.
Industry
Integrated Oil and Gas
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/30 23:51
End of day share price update: 2020/03/30 00:00
Last estimates confirmation: 2020/03/26
Last earnings filing: 2020/03/26
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.