I3 Energy Share Discussion Threads

[caters] 20/12/2018 12:13

It will be interesting to see the late printing trades after the close this evening. Some may print tomorrow or after Xmas, of course. But there is clearly a big buyer in action today.

[showme01] 20/12/2018 12:13

No more news until January so I will see you all then. Merry Christmas and a prosperous 2019.

[tonynorstrom1] 20/12/2018 12:00

Showme01,

What are you talking about - I’m seeing the share around 2% down for the day and nearly 70% down from the yearly high. It seems to be de-ramping itself.

[showme01] 20/12/2018 11:52

Merry Christmas to the person that seems to continue to tick down every post I put up regardless of content. Good will to all men! You may want to tick this down too :-))

[showme01] 20/12/2018 11:47

7% spread on real bid/offer. Trying to put off buyers. I wonder why?

[showme01] 20/12/2018 11:45

The derampers seem to have gone quiet after that tick up against all the selling this morning?????

[showme01] 20/12/2018 11:44

Caters, I'm told it is a broker not a MM so someone buying on the behalf of a client.

[caters] 20/12/2018 11:41

Has that MM ever bid for i3 shares before?

[caters] 20/12/2018 11:27

Loads of sells then a tick up. Makes sense.

[showme01] 20/12/2018 11:27

A new market maker has just popped up on level 2 bidding 37p for up to 100k shares, go figure!

[showme01] 20/12/2018 11:22

Che7win, I agree. I too have spoken to GH this morning and he confirmed the same. The FDP is a process and they are well under way. So important to do this properly as it will be the blueprint to development. Agree with all on here that funding is the key and all is on track with that too. People have taken different views on here and rightly so. Some have sold out, some sold some, some holding, some adding. I have been in the later as I believe in this project and trust the management to deliver. Each to their own though this has been a frustrating 12 months but so much has been achieved in such a short period in terms of proving up the asset. Secure the funding in Q1 and it will be a huge success story for a small oil and gas company.

[begorrah88] 20/12/2018 11:22

cash

That is pretty much as I see it and my beef is with the constant 'emperors new clothes' type communications.

The market has seen through them as have many,one loyal,PI's

[che7win] 20/12/2018 11:16

Cash, The FDP process is an iterative process which depends on a collective group of documents.They are making great progress on this and in consultation every step of the way with the OGA.That's why shareholders should be pleased with today's RNS - the move to the authorisation stage is on track.A great effort by the team

[cashandcard] 20/12/2018 11:04

begorrah,


The reality is mate, its not getting submitted until funding has been secured. So funding is the 'horse' and FDP the 'cart'. Quite frankly it could drag on into Q2 or longer, we just don't know. Timelines are flimsy and have already been pushed back, I would not be surprised to see them get pushed back again.

Its the funding which is the major issue holding everything up. Get that in place and its all systems go. Until then, this will drift.


Cash

[begorrah88] 20/12/2018 11:00

The issue of the FDP is that i3e stated they would be submitting the plan by year end.

The approval etc which they slated for Q1 [but which is now being termed as 'entering the final authority phase in Q1' which is slightly but possibly significantly different as my understanding was that if it wasn't approved by the end of Q1 it would not be possible to proceed] is a separate issue and date.

In order for the FDP to be assessed and approved is dependent upon it being submitted by i3e which they had clearly said would be by year end.

[showme01] 20/12/2018 10:52

All this selling today and I can still sell 30k on line at 37p. MM after these cheap shares.

[showme01] 20/12/2018 10:46

The FDP process is done in stages. They will not get approval until they can demonstrate they have the funds to execute the development. That is expected by the end of Q1 2019.

[caters] 20/12/2018 10:34

Big buy being worked on the background. Someone is confident.

[begorrah88] 20/12/2018 10:29

Do i3e have an idea of the complexity of the FDP process as it is them that said submission by end of 2018?

Surely they knew what was involved when stating that.

Don't know where that line of 'they expect to move to authorize phase by 31st December' has come from unless you are referring to before todays RNS?

[cashandcard] 20/12/2018 10:27

Jaknife,


That's a sweeping and unfair generalisation.

Equity markets exist due to the necessity of companies needing to raise funds to continue/enhance their businesses in exchange for their equity. Both sides partake in that process, one gaining necessary funds and the other equity in a business. That many companies fail to deliver shareholder value is a different matter.

There are no guarantees in business. You or I may open/invest in a corner shop and that might fail within 6months. Attacking the process or the platform makes no sense, one needs to consider why on a commercial level it did not work out in comparison to other similar, successful businesses.

I3E is no different, why is it at 37.5p now when only a few months ago it was nearer 120p? Very poor comms from previous boss and inability (thus far) to secure funding towards development of Liberator.

Markets can be cruel in the best of times. It looks as though we are heading into a cyclical bear market coming off 10year market highs. We also have the Brexit troubles playing out with no deal a real possibility. There is just too much uncertainty in the air and markets hate uncertainty.

In short, I3E must deliver financing soon, there is no margin for failure now. I fear this will fall below last years low if they again fail to deliver on plan as per their own statements. To echo John Major, its now 'put up or shut up' time. Deliver or become another failed oil minnow.

I think they will get it over the line, but the composition of 'how' is keeping me on the fence for now. I suspect there will be a significant equity funding to boot, which kind of explains why the share price has collapsed this low.


Cash

[tonynorstrom1] 20/12/2018 10:22

Whosthedaddy: these projections for 1st oil were made during the tenure of the previous CEO and were presumably based on on the previously referred joint venture partner coming to fruition. Maybe the new CEO needs to be given a chance?

[che7win] 20/12/2018 10:19

You have no idea the complexity of the FDP process, I3E have done an excellent job on this.They expect to move to the authorize phase by 31st December.That is very impressive as far as I'm concerned.

[5chipper] 20/12/2018 10:18

"The whole equity market is designed to sell shares to unsuspecting retail punters."

Interesting viewpoint

[showme01] 20/12/2018 09:46

Approx 130k sells so far, no buys yet share price remains level? Someone is buying these in the background imo.