Incremental Oil and Gas Limited (IOG)

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General Information
Company Name: Incremental Oil and Gas Limited
Stock Code: IOG
GICS Sub-Industry: Oil & Gas Exploration & Production
Market Cap ($M): 4
Equiv. Shares (M): 160

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
$ 0.025 $ 0.024 $ 0.025 $ 0.024 $ 0.025 800,000 0%

Company Overview

Business Description:
Incremental Oil and Gas (IOG) is a Californian-based oil and gas producer. Their strategy is to identify and acquire underperforming oil fields and to increase production and recoveries. The focus of IOG's activity is onshore California.

Financial Summary
Year to Dec NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2014  A 0.8 0.5 -- 10.3 0.0 0.0 --
2013  A -12.8 -8.2 -- 0.0 0.0 0.0 --
2012  A 2.6 1.8 234.0 14.4 0.0 0.0 --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2012 A 2013 F 2014 F 2012 A 2013 F 2014 F 2012 A 2013 F 2014 F
Beach Energy (BPT) $1,401 M 0.8455 -0.6951 -0.5207 5.4435 17.8512 37.2414 1.85 2.78 2.78
Incremental Oil and Gas (IOG) $4 M -- -- -- 5.1923 -- -- 0.00 -- --
Oil Search (OSH) $11,694 M 0.6947 0.3944 0.1074 26.5010 19.0052 17.1620 2.54 2.36 2.37
Santos (STO) $7,566 M 0.0505 -0.5058 0.8336 13.8558 28.0356 15.2896 4.64 4.10 5.16
Woodside Petroleum (WPL) $29,059 M 0.5477 -0.4966 0.2794 9.8597 19.5868 15.3088 8.81 4.08 5.21

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
IOG 0.89 4.81 0.23 -- 0.50
Market 0.91 14.4 1.02 1.16 2.88
Sector 1.03 10.97 0.60 10.00 2.88

Name Position Start Date
Mr Gerard (Gerry) Joseph McGann Non-Executive Director 07 July 2009
Dr Matthew McCann Non-Executive Director 03 April 2014
Mr John Whisler Non-Executive Director,Managing Director 01 July 2014
Mr Mark Hilton Stowell Non-Executive Director,Non-Executive Chairman 07 July 2009

Name Position
Simon Adams Chief Financial Officer,Company Secretary
John Whisler Vice President - USA

Substantial Shareholders
Holding Name
13,500,002 (8.64%) Mark Hilton Stowell and related parties
24,340,004 (15.58%) Gerard Joseph McGann and related parties

Calendar of Events
Date Event
26 February 2016 Report (Prelim)
29 January 2016 Report (Quarterly)
27 October 2015 Report (Quarterly)
27 August 2015 Report (Interim)
17 July 2015 Report (Quarterly)
28 April 2015 Report (Quarterly)
16 April 2015 Report (Annual)
© 2011 Morningstar, Inc. All rights reserved. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for use or distribution of any of this information. To the extent that any of the content above constitutes advice, it is general advice that has been prepared by Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892 (a subsidiary of Morningstar, Inc.), without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain financial, legal and taxation advice before making any financial investment decision. If applicable investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). DISCLOSURE: Employees may have an interest in the securities discussed in this report. Please refer to our Financial Services Guide (FSG) for more information at


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