I3 Energy Share Discussion Threads

[w1ndjammer] 10/1/2019 09:31

UK2

how have i missed the boat, i could buy now and still get an easy 5 bagger

but it is not without massive risk.

There are some fantastic bargains at the moment, away from the O&G with potential 500% rise and paying 8% divi while you wait, been around a long time have learnt to be patient.

WJ.

[uk2day] 10/1/2019 09:26

Open your little sb and lose some more money over the next few months and we might even be rid of you!! Lol

[jungmana] 10/1/2019 09:26

The 10k sells? Profit taking from the under 40p buyers?

[uk2day] 10/1/2019 09:23

funny how you have only ever talked i3 down on your posts, can’t remember one positive thing being posted? I think you’ve missed the boat and you are kicking yourself? Lol

[w1ndjammer] 10/1/2019 09:20

uk2

no as i said, i have sold for 50%

WJ.

[5chipper] 10/1/2019 09:20

Several companies are conducting due diligence, with additional parties scheduled to enter the process in January, and i3 expects to set a bid date during the course of February.

[uk2day] 10/1/2019 09:17

Windjammer open a sb? Why did you miss the near 100% rise of late? Lol

[w1ndjammer] 10/1/2019 09:13

showme

the next buy would be a pure punt,

no funding and the share price would be sub 20p / 15p

funding agreed share price north of 120p

they have been here before, and partners are not exactly fighting each other to get onboard.

might go for a SB with tight stop end of Jan.

WJ.

[caters] 10/1/2019 09:04

Showme,
It was clear that the price had bottomed out (probably due to the large buyer) and others bought in alongside that price action.
It may be that larger buyer is holding on for even bigger gains.

[broadbean78] 10/1/2019 09:04

haha. Read the RNS's and do the maths. The figures are all in the public domain. Lights on cash not needed until approx April.

JV bids likely in Feb (as per RNS).
(I was wasn't even expecting JV until late March early April).

This will rise steadily on anticipation and then once the winning JV bid is announced the final market hang up (funding risk) is gone and off we go with a huge program of drills and news flow for the rest of the year and likely a decent amount of institutional interest here.

Working capital is obviously required but in the grand scheme of things it's going to be negligible and at a much higher share price than today. It is also essential too.

Very interesting they have now added an additional well with Serenity for 2019. Clearly they have something significant here! (Given recent presentations/notes too).

With the debt facility looking to be increased shortly from $25m to circa $100-130m and what looks to be a highly competitive bid process in a matter of 5-6 weeks I'm expecting a substantial deal with minimal asset giveaway.

[caters] 10/1/2019 08:59

I think the next news will be the debt financing in place and a small equity raise and the scope for i3 to do this 100%.

[tsmith2] 10/1/2019 08:58

Strengthens their hand in negotiations on farm out. starting to really the management team

[showme01] 10/1/2019 08:58

Lots of 10k sells. Does make you wonder if our 38p buyer knew something leading up to this and is now dumping for 50% profit or am I being cynical?

[showme01] 10/1/2019 08:56

Didn't take long. What is your buy in target Windy?

[cashandcard] 10/1/2019 08:56

Good RNS. More realistic. They are pursuing debt and farmout. They have hedged on the FPSO options aswell. A good strategy. I like the fact MS is not waiting on a partner to finance them, they are pursuing a model which is not dictated by other industry players. I will be getting back in on any weakness.




Cash

[caters] 10/1/2019 08:46

He's back at it !!!!

[w1ndjammer] 10/1/2019 08:43

showme

coffers nearly empty, watch this space...

WJ.

[caters] 10/1/2019 08:43

So, all being well, the 2019 drill program has (i) a 'this will work' production well, (ii) a technical appraisal well, and (iii) a significant exploration/appraisal well.Holy cow.

[fozzie] 10/1/2019 08:40

Just keep an eye on how many new posters turn up here over the next few days, already four or five this morning. All the stick we took from these people on the way down for continuing to buy and first sign of good news and they're back, get a life.

[begorrah88] 10/1/2019 08:38

Not that I've seen - that surprised me

[caters] 10/1/2019 08:36

Has S1 ever been mentioned as a 2019 drill?

[caters] 10/1/2019 08:36

Yep, he's a scumbag.

[showme01] 10/1/2019 08:33

Windjammer, so you have slagged this off continually predicting lower prices, yet now you have just made 50%......says it all. There are a few here playing your game !

[w1ndjammer] 10/1/2019 08:26

out for now nice 50% profit, NO new CONCRETE news.

WJ.

[d1nga] 10/1/2019 08:25

Briliant takes away some of the concerns to the longevity of bleo holm too

Game on!!