I3 Energy Share Discussion Threads

[1tvr] 15/9/2024 23:12

From today's weekly "Energy Tidbits" publication in Canada discussing the difference between commissioning and commercial cargoes. The LNG Canada startup is underway and cargoes of LNG will almost certainly be shipped before the end of 2024. This should be good for natural gas prices over the next 6 months:

Natural Gas: LNG Canada flaring marks its start up of liquefaction of natural gas
It looks like LNG Canada has started liquefaction of natural gas at its 1.8 bcf/d Phase 1 LNG project. On Monday, we tweeted [LINK] “LNG Canada 1.8 bcfd Phase 1 has started to liquefy #NatGas. LNG Canada "low-level flaring has commenced at our export facility in Kitimat.
More visible flaring will begin in the coming weeks." "Flaring is normal during facility startups." Commissioning #LNG cargos sb in Q4. Should help provide support to winter AECO prices as they ramp up #NatGas receipts & LNG production in commissioning phase.
#OOTT.” Last Thurs (Sept 5), LNG Canada announced [LINK] “Community Notification: LowLevel Flaring Has Commenced,. LNG Canada is now safely receiving gas from the Coastal GasLink pipeline and low-level flaring has commenced at our export facility in Kitimat. More visible flaring will begin in the coming weeks.” Flaring is the norm during facility startup and shutdown. So the flaring represents the startup of liquefaction at Phase 1. In fact, LNG Canada’s “3 Things to Know About Flaring at the LNG Canada Facility” states flaring is expected during the start u of operations. Difference between “commissioning” vs “commercial221; LNG Canada cargoes
Note that, while no one knows how long LNG Canada will be producing
commissioning LNG cargoes, we believe that LNG Canada will not stay in
commissioning phase any longer than needed given Shell’s negative experience with
Venture Global LNG commissioning period noted below. We want to remind readers
that we are talking about commissioning LNG cargoes at LNG Canada and not
commercial LNG cargoes. And we responded to tweets reminding us that LNG
Canada plan is for first cargoes in mid 2025 by explaining LNG Canada is talking
about first commercial LNG cargoes in the mid 2025. And our comments have been
talking about the commissioning LNG cargoes that will be done in the coming
weeks/months as LNG Canada processes natural gas into LNG and loads onto LNG
tankers during this commissioning phase. Look at commissioning phase as the
period that LNG Canada takes to work out the bugs in the process before it moves to commercial LNG cargoes. There is no set number of commissioning LNG cargoes or
no set time to complete the commissioning phase. But now that LNG Canada has
noted they are processing natural gas in the LNG facility, they will be producing LNG that will go onto commissioning LNG cargoes. We just don’t know when and how
many commissioning cargoes. But the key is that whether its commissioning or
commercial LNG cargoes, LNG Canada will be consuming natural gas to make LNG.
08/29/24: LNG Canada started introducing natural gas to LNG facilities
The start of flaring and start of liquefaction is in line with the expected timing from LNG Canada’s Aug 29, 2024 release that they had started to receive natural gas into the LNG facility. Here is what we wrote in our Sept 1, 2024 Energy Tidbits memo.
“On Thursday, LNG Canada announced [LINK] “This week, LNG Canada expects to
introduce natural gas to its Kitimat facility for the first time. Once natural gas is received from the Coastal GasLink pipeline and all safety checks are satisfied, a small flare pilot will be activated at our vapour flare tower, followed by low-level flaring that will occur over several weeks prior to more visible flaring. All activities will be closely monitored with advance notifications provided to provincial regulatory authorities, local governments and First Nations. The introduction of natural gas and flaring activities mark a pivotal step in LNG Canada’s safe start-up program as we prepare to ship our first cargoes of made-in-B.C. LNG by the middle of 2025.” Note that the first cargoes referred to by LNG Canada are the first commercial LNG cargoes. Prior to the first “commercial221; LNG cargoes, LNG Canada will be delivering “commissioning” LNG cargoes. No one knows how long the commissioning phase will take but, for now, LNG Canada keeps its stated timeline for commercial cargoes by the middle of 2025. But the reminder is that LNG Canada will be shipping commissioning LNG cargoes but we would assume they are before year end.”

[fandagle] 13/9/2024 17:30

Serica is good short term share, bought some today, very cheap.

[roundtheworld] 13/9/2024 13:59

I’m watching you on here pumping it.

[genises] 13/9/2024 13:51

No pumping needed
Watch and learn

[roundtheworld] 13/9/2024 13:28

Gen

Good luck with your new investment and good luck getting people here to pump it up for you.

[genises] 13/9/2024 13:07

Roundtheworld
Even if the company is taken over will their be a market for all those free shares when literally no shares are traded.
If the company does get taken over with the price of oil and gas I see a cut in dividend and the share price reduced under 9p
Glad iam out and reaping the benefits of my latest investment.
Mr Waite is happy getting in the low 180s high 170s.

[roundtheworld] 13/9/2024 09:19

Genises

I beg to disagree with you.

Watch this space..

[genises] 13/9/2024 08:01

Looks as if the market makers feel the takeover is going to fell and the share price will drop to below 9p with oil looking low.
Pop over to cere just had its 3 rd major contract announced in 9 months with more to come .

[goodday1] 13/9/2024 06:51

I understand any Gran Tierra Energy Inc. shares granted will NOT be traded on the HL platform as they only support & trade GTE American listening on the HL platform.however, you can hold GTE LSE shares within your portfolio.You can transfer your GTE -LSE- shares & within their ISA/SIPP wrapper to another provider. Gl all

[kickingking] 12/9/2024 18:54

That lowball offer is now holding the shares back. With today's rise in oil and gas, this should have gone up more

[tonynorstrom1] 12/9/2024 16:36

Well maybe Fanny - but your still a balding smelly little Scotsman with a fuggly wife !

[loganair] 12/9/2024 15:10

Premier Miton still reducing, somebody is buying all their many percent of shares they once held.

[marmar80] 12/9/2024 14:45

Theoretically they could issue shares to themselves via some fund and pay us cash.

[cmackay] 12/9/2024 14:39

I'd personally prefer an all cash offer if it's inevitable that we're being absorbed. I have no interest in owning GTE shares whatsoever.

Ideal outcome would be stay as i3 and let the engine run.

[roundtheworld] 12/9/2024 14:32

Are they raising more money to increase cash element of their offer. Many ii’s will have seen the decline in GTE’s share and will probably have said something along the lines “listen guys this offer is even worse now..you need at the very least to make good the drop..”

I’m still hoping for a counter offer from a 3rd party.

[cmackay] 12/9/2024 14:14

Lol rtw, I only jest

I'm actually quite confident a revised or second bid will come here, based on nothing but a hunch I might add

NAI

[marmar80] 12/9/2024 13:29

True, but they are getting sure they have cash just in case.

[pretax2] 12/9/2024 13:21

No indication of a change of terms though.
An additional payment would sweeten the pot given the recent decline in GTEs SP

[marmar80] 12/9/2024 13:18

Explains today's large trades.

[marmar80] 12/9/2024 13:17

More cash raised to buy i3e?

[pretax2] 12/9/2024 13:07

Gran Tierra Energy Inc. Announces Private Offering of an Additional Amount of its 9.500% Senior Secured Amortizing Notes due 2029
12/09/2024 1:43pm
GlobeNewswire Inc.

Gran Tierra Energy (AMEX:GTE)
Intraday Stock Chart


Thursday 12 September 2024
Click Here for more Gran Tierra Energy Charts.

Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”;) (NYSE American:GTE) (TSX:GTE) (LSE:GTE) today announced that it intends, subject to market and other conditions, to offer an additional amount of its previously issued 9.500% Senior Secured Amortizing Notes due 2029 (the “Notes”) in a private placement to persons reasonably believed to be qualified institutional buyers in the United States pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), to non-U.S. persons in transactions outside the United States pursuant to Regulation S under the Securities Act, and pursuant to certain prospectus exemptions in Canada.

Gran Tierra currently has outstanding US$587,590,000 aggregate principal amount of 9.500% Senior Secured Amortizing Notes due 2029 (the “Original Notes”). The Notes will have the same terms and provisions as the Original Notes, except for the issue date and the issue price, and will form the same series as the Original Notes, including with respect to interest payments. Upon settlement, the Notes are expected to trade under the same CUSIP number as the Original Notes, except that the Notes sold pursuant to Regulation S under the Securities Act will have a different CUSIP number than the Original Notes until 40 days after the issue date of the Notes.

The Notes will be guaranteed by certain subsidiaries of Gran Tierra. Gran Tierra intends to use the net proceeds from the offering to finance the cash portion of the consideration payable for the shares under the terms of the proposed acquisition of the entire issued and to be issued share capital of i3 Energy plc, a public limited company organized under the laws of England and Wales, and any remaining net proceeds from the offering for general corporate purposes, which may include additional capital to appraise and develop exploration discoveries, repayment of other indebtedness, working capital and/or acquisitions.

[roundtheworld] 12/9/2024 10:31

You’ve been reading too many witches & wizard books!

Boo!

[cmackay] 12/9/2024 10:15

A cauldron?

[roundtheworld] 12/9/2024 09:03

I’m getting the impression something positive is definitely bubbling away in the background.