I3 Energy Share Discussion Threads

[coscos] 20/7/2018 11:42

Interesting to see if last week's buyer mops up again.

[d1nga] 20/7/2018 11:38

Another couple of thousand added to my pot .

[showme01] 20/7/2018 11:32

Nothings changed apart from a bit of impatience. Same as it drifting 24-40p for ages only to then run up to the 60s and then over £1.

[begorrah88] 20/7/2018 11:24

Yep,I'd imagine we might see a few T-traders closing positions as July rumbles on without any news

[coscos] 20/7/2018 11:22

Looks like someone is getting bored.

[showme01] 18/7/2018 13:34

It's why once funded, this will really take off imo. Nothing to hold it back.

[showme01] 18/7/2018 13:24

They will have less production than us when we are at 20,000plus bopd, they have multiple expensive de commissioning costs and overall less upside than i3e

[ducati2345] 18/7/2018 13:17

I wouldn't get too hung up on fpso, there's about 200 in the world and quite a few available, they can be on station pretty qui kly when required

[fardels bear] 18/7/2018 11:22

Certainly true..

[caters] 18/7/2018 11:19

Very illiquid, imo.

[fardels bear] 18/7/2018 10:43

As an aside, what do people think of RRE as a complementary investment?

[hpotter] 18/7/2018 09:51

The Enlarged Phase 1 Development Plan shown in the 28/6/18 presentation is quite different to the original Liberator development proposal. As well as the relocated and larger 4 slot Production Manifold, the Liberator flowline now ties into the Ross manifold, some 12km away, rather than the closer Blake Manifold. To me this suggests spare capacity at Blake is now needed to develop Tain.

Incidentally, the proposed flow line is a 10"x16" pipe in pipe design, so they will be keeping the HC's warm.

[caters] 18/7/2018 09:42

Beg,Good spot. Sounds likely and promising :-)

[begorrah88] 18/7/2018 09:40

caters

That might be the reason that FOIL has been bumped to H2 2019? I'd fully expected a nudge into 2019 due to the funding delays but targetting H2 suggests Q4 2019 to me so it might be to accommodate a Bleo Holm refit.

[caters] 18/7/2018 09:39

I'm certain that NC&GH and, possibly, Andrew Austin from RockRose, will have created a clever (and fair) deal.

[corgies2] 18/7/2018 09:25

re Bleo Holm owners … any merit in offering partner status ?

[coscos] 18/7/2018 08:46

I'm looking for an intra-day reversal to get these moving again. Should be soon.

[caters] 18/7/2018 08:10

The owners of Bleo Holm will play hardball with RR and I3, but terms will be agreed (or, hopefully, have been agreed) that gives everyone what they want.What I'd like to see is any refit being done asap so that I3's FOIL date isn't pushed back.

[showme01] 18/7/2018 07:59

D1NGA. I was told after the AGM that all the details have been agreed upon prior to entering the 90 day period. That is probably why GH said in the podcast and AGM that they expect to announce details this month.

[showme01] 18/7/2018 07:55

My money has been on Rockrose for the last few weeks. They can use their cashflow from 10,000 boepd once this deal goes through with Dyas B.V. and makes perfect sense that FPSO Bleo Holm is utilised more by common partners.

Interesting that Rockrose only has a market cap. similar to i3e. They have a lot of de commissioning costs with the assets they have bought but I suspect that their ability to secure debt with 10,000 boepd will enable them to fund i3e through the whole Liberator programme. A perfect win win for both. No doubt this deal will do a great deal for the market caps on both as it will secure a strong profitable income for both assuming the deal stays the same where the JV get no more than 33% of the production from Liberator less costs.

[d1nga] 18/7/2018 07:44

Rock rose is the perfect fit contractually with the bleo holm , in fact I'd say its the ONLY fit , unless something left field like another fpso in the same location (very unlikely) just need the terms sorted out asap

[begorrah88] 18/7/2018 07:35

That would put Rockrose back into the mix

27/06/2018

LONDON – RockRose Energy expects to complete its acquisition of North Sea E&P specialist Dyas B.V. for $124 million by early September.

The company, which earlier acquired Idemitsu’s North Sea production interests, added that timetables for abandonment of 80% of its assets have been extended by at least a year.

It is also participating in studies on the Tain area in the UK central North Sea, where it is a partner in numerous fields as a result of the Idemitsu transaction.

These include the Ross and Blake fields. RockRose Energy is reportedly assessing options for either replacing the FPSO Bleo Holm, which serves both fields, or committing to life extension works.

[d1nga] 17/7/2018 13:10

IMO its a potential issue with the operator of bleo holm holding things up , they'll be trying to screw a refit out of the deal prior to liberator being produced to it

just my opinion after some research into the vessel , its contract is up next summer and its getting 'long in the tooth' for an extension without outstanding fabric maintenance being acrried out

I can wait

[ducati2345] 17/7/2018 12:02

Looking at fact that funding seems pretty much nailed on, eg not even a hint that there's any issues and fact price has been fairly stable, I can't see news causing a massive quick rise, more likely a nice slow rise as iis buy in counter Balanced by the steady relentless sells,

[ducati2345] 17/7/2018 12:02

Looking at fact that funding seems pretty much nailed on, eg not even a hint that there's any issues and fact price has been fairly stable, I can't see news causing a massive quick rise, more likely a nice slow rise as iis buy in counter Balanced by the steady relentless sells,