I3 Energy Share Discussion Threads

[hoper1] 11/10/2022 10:30

Yes, I seem to recall something similar.

[crankylad] 11/10/2022 10:19

As i understand it there is still a commercial find at the first serenity drill of between 10-20mbbls, thats worth going for if it can be tied back to Tain, and i can't see it costing that much?!!

[moonshot3] 11/10/2022 10:14

Didn't I3E move the appraisal well location after discussion with the EOG technical team? I can certainly recall a presentation where Simon Oddie was trumpeting the EOG and I3E collaboration which led to a change. I may have seen a post somewhere suggesting they moved the appraisal well closer to the original oil discovery. But maybe not close enough.

[tournesol] 11/10/2022 10:00

..."Mr Mosely said there have been some issues on seismic mapping which could be coming into play.

“Seismic mapping of the Lower Cretaceous turbidite sands, including those targeted at i3 Energy’s Serenity appraisal well, has proven challenging, with variable reservoir presence and thickness. This has partly contributed to recent wells in the play, including Liberator and West Wick, coming in below expectation despite nearby well control.

“Given this, the 3.5 km (2 miles) between the Serenity discovery and this latest appraisal well was arguably a relatively significant step-out, with the well failing to find the target reservoir or hydrocarbons.”

[tournesol] 11/10/2022 09:55

AIUI the appraisal well that has just failed was about 2 miles away from the original discovery well. That seems to me to be rather ambitious. Have these guys just been too greedy and gone for broke rather than plucking the fruit which is hanging lower and offers less risk? if they'd drilled much closer to the discovery location, the success case would not have proved up 100 million bbls but it would have been much more likely to succeed and prove up something useful, albeit smaller in scale. Have they simply over-reached?

AIUI that's exactly what they did at Liberator the last time.

Is there a systemic failing here? Over-optimistic? Greedy? Poor risk management?

Just asking for a friend.

[royalalbert] 11/10/2022 09:42

ADVFN sort these idiots out.

[robpuguk] 11/10/2022 09:40

Weren't me banning you fella, risk management is all part of the game. If people didn't do that then that's up to them. Not sure why people need financial advice from strangers on the internet ;-)

[bluemango] 11/10/2022 09:24

#2678 Agree with that. Save costs and concentrate on what (and where) they do best.

[robpuguk] 11/10/2022 09:19

DiaryBeach are you ok hun?? Imagine existing just to start new accounts on stock forums. Sadness

[cashandcard] 11/10/2022 09:17

bm,I will judge now serenity is out of the way. They better start showing what use they are (NS guys failed at their job). Better communication from Majid and some PR on the Canadian plays is what's needed.If they cannot do this, why the hell do we need a UK office and team? Close it down and run things out of Canada. Seriously, they need to remove the loss making part now and allow the Canadians to take the reigns. The UK management could retain an advisory role and help on corporate matters I guess.Cash

[diarybeach] 11/10/2022 09:16

If it breaks below 23p next resistance of note is 19p.

Sentiment has definitely changed here and expect some serious selling in Canada later today.

The rampers on this board particularly the other thread should come with a health warning to your finances.

[bluemango] 11/10/2022 09:11

Disagree, a CEO who intelligently states things as they are and delivers by results is just fine, thanks.

This is an easily absorbed minor setback in an otherwise steady upwards trajectory.

[1choip] 11/10/2022 09:07

We need a better ceo for good set up and communication with shareholders.

[goodday1] 11/10/2022 08:58

22108 shares our buy.Gl all

[goodday1] 11/10/2022 08:01

Glad to see Stas20 posting this link on LSE.Spread the coming good news.Gl all

[goodday1] 11/10/2022 07:12

Greetings from the Sierra Nevada.I mean very very near term....1- To all the i3 energy fans $ite.to, today is a disappointing day with the dry hole drilled in the north sea.However don't despair, their first Montney well looks promising so far!100/13-13-061-01W6/0433 bbl/d & 469 mcfpd, note only 4 days of production online in August.https://twitter.com/rockcreekfreak/status/1579533726677356544?s=46&t=Zkk1twF8ELCr3VCuQ9rCoA2- Interview with Malcys.3- Dividend: 0.1425 pence/shareEx-Dividend Date: 13 Oct 2022Gl all

[goodday1] 11/10/2022 07:02

From LSE yesterday pmanuel, Posts: 28, Price: 24.30RE: Next StepsMon 17:23Looks like the relief against taxable income can be claimed in respect of oil extraction activities onshore in the UK as well as in the continental shelf. hTTps://www.dentons.com/en/insights/articles/2022/july/22/energy-oil-and-gas-profits-levy-act-2022Malcys blog I3e.Looks like development plans ahoy at eastern side and will do an interview with Majid. Will provide clarity.I am feeling positive even on the near term

[mrmarmalade] 11/10/2022 06:44

Pro thanks.
Can someone please post a link to the where the monteney production mentioned is displayed.

[pro_s2009] 11/10/2022 03:37

Thanks MB.

Here is that Tweet.

[glavey] 11/10/2022 01:59

Perhaps they should try fishing...