I3 Energy Share Discussion Threads

[buffythebuffoon] 15/10/2018 19:06

Well, that was a whirlwind of posts from shortofabrain.

He has obviously googled a few terms, and perhaps, to the uninitiated, he may appear to have a point.

However, does anyone really think we could have got so far down the road with the partner who we gave an exclusivity period to, if decommissioning costs was even half the problem that the intellectually challenged one claims.

Still, it’s good of him to warn us isn’t it. It’s almost like he needs us to agree.

Buffy

[d1nga] 15/10/2018 19:03

sod 4601

blows hot and cold lol

[euclid5] 15/10/2018 19:03

Shoterofdoom,

Were they, not if they sold at about 120p & paid 105p?

Recent placees have been ripped off at almost 50% loss.

[dannyboy2000] 15/10/2018 19:00

That's hilariousJog on doom

[caters] 15/10/2018 18:58

shorterofdoom - 11 Oct 2018 - 19:08:37 - 4601 of 4783 I 3 Energy - I3E
"Do you really think that 11MMbls of reserves and 22MMbls contingent which will be converted at FDP will not get funded? Of course it will. This isnt wildcat suggesting billions of barrels, itâ€T82;s a proven field. By no means a dead duck. Serious opportunity at present"

enough said

[caters] 15/10/2018 18:55

Hi showme

Thanks for the update.

The context of salary sacrifice/reduction puts the ~ 1.5m staff options into some perspective. And yes, a bit puzzling about the directors' options in some respects.

A&D broker appointment soon. Let's hope it gets announced by i3.

[shorterofdoom] 15/10/2018 18:38

Do you know how much it costs to decommission and replace an FPSO? Hundresed and hundereds of millions. If the Bleo Shed can’t be extended because it’s a rust bucket it’s game over. No one is going to fund based on a two year project.

Funding, explain how a Plc can continue business without any working capital. After paying for a survey vessel and no doubt taking a hit on waiting on weather it’s easy going to be £1m plus. So they have a mill left and will be begging mug punters for cash anytime now.

I’d be more worried about your so called investment, rather than the price I am considering buying this insolvent shower at

[che7win] 15/10/2018 18:29

You can rule out a find raising.

[kingivor] 15/10/2018 18:28

oh no....not another one working for Rockrose/Repsol

wonder which way their fpso report will lean towards? Make good and mend or buy a new one?

Either way Liberator oil will be flowing 2019.

[shorterofdoom] 15/10/2018 18:15

Funny how everyone appears to be blinkered here. Board still spinning horse tripe to mug punters and they are buying it. Class. The infrastructure i3 are planning the production though is getting decommissioned in 5 years. So what, another year or two going to be wasted looking for some gullible investor to to take this massive burden on. Then only a couple of years of production left. Looks like a non start. I’ll take it for a 10% trade at 10p or 7.5p dependingnon charts at the time. That’s all this gravy train is worth

[showme01] 15/10/2018 17:57

Buffy, love it!
I'm a bit calmer today. Had an email from GH and he said that they planned on putting options in place earlier in the year as staff have only recently been getting a full salary. 2016/17 and they were taking no salary. They did a fund raise at 30p and were going to announce an option package the following week at a similar price to compensate for lack of full salary but the share price doubled that week and they pulled it. Since the end of Jan until recently they have been in a closed period.
I'm guessing they have got these announced ASAP in case they fall into another closed period while looking for a JV partner.
I'm purely speculating on this but it does make the old JV look unlikely but still possible. Still think with 6.5m shares each, GH and NC could have waived theirs but I guess most directors in a similar position would do the same. Still doesn't change the quality and huge potential of the asset.

[buffythebuffoon] 15/10/2018 17:46

shorterofdoom,

Are you really that thick?

At least make an attempt to sound like someone who doesn’t need residential care.

Buffy

[shorterofdoom] 15/10/2018 17:41

Looking for my bargain here. See some support at 22p but might go lower. Board don’t seem to be doing much positive. Over 1 year and back to square one , closed period over as confirmed I’m emailed with the company so the JV ain’t happening. Might set some orders at 10p or 7.5p not decided which one yet

[roundup] 15/10/2018 17:19

I also haven't been able to resist the bargain of the day.

[che7win] 15/10/2018 16:39

Fozzie, Spot on.

[fozzie] 15/10/2018 16:35

This will soon be my largest position as short term i just cannot see any other outcome other than confirmation of funding. On that news the share price springs back to 100-120 imo. I have been buying all the way down and continue to buy. I accept that the longer it takes the lower we go so am just picking up a few thousand each day.

[kingivor] 15/10/2018 16:32

Someone (rre?) filling up last half hour of trading.

[begorrah88] 15/10/2018 16:21

Curious trading

[kingivor] 15/10/2018 15:50

Market trying to find a bottom to i3e. 60p is £25m Mcap.

edit, seems to be some appetite at 61

[corgies2] 15/10/2018 14:36

Don't agree its out of I3E's hands , the reality is its out of the ex CEO's hands and in to a new CEO's hands . Malcy , the only journo covering this , was critical of management and complimentary about the new CEO ,perhaps a few nods and winks in due course.
In granting the license extension .the OGA needed to be satisfied that finance was in place , Now it isn't they will want chapter and verse why it isn't. It's not the OGA's job to broker a deal , but I'm sure they have the power of suggestion Those suggestions might include more than one partner eg,Repsol and RRE and /or service provider or just cash .
Nobody is in doubt about the quality and potential of the asset . which is why there are many fingers and toes crossed.

GLA
.