I3 Energy Share Discussion Threads

[showme01] 19/2/2018 11:26

As available stock reduces, we should see a decent rally over the next few weeks leading up to news on both funding agreement and the results of the 30th round bid.

[a2584728] 19/2/2018 10:36

Ready for the next leg up?

[chopsy] 17/2/2018 16:50

13/23d was the liberator discovery well, presumably p&a'ed. The reservoir significantly extends northwest out of the licence area which is why we are bidding for 13/23e in R30. No intention to re-enter 13/23d, is there? What is the spud date for the first producer, please? How long is the drill expected to take? We have to be very accurate with the horizontal entry into the reservoir, given the narrow target column.

[buffythebuffoon] 17/2/2018 16:19

Thanks showme.

More information can be found in the phase 1 CPR produced in November.

Buffy

[showme01] 17/2/2018 09:39

I have not heard back from Graham which is no surprise as he usually takes a few days. I have heard back from a friend, fellow investor and someone who has a good understanding of the oil and gas sector. 'The block is only a short distance away so will more than likely tied in to Bleo Holm. Providing they can tie it in to the FPSO then cost metrics should also be very good.'
I asked him if the block was near Liberator. So it looks like this would be tied into a floating vessel rather than the Blake pipeline platform.

A bit of info on Bleo Holm below:-

FPSO Bleo Holm gets more time with Repsol Sinopec ...
hxxps://www.offshoreenergytoday.com/fpso-bleo-holm-gets-more-time...

Bluewater, a provider of floating production storage and offloading (FPSO) vessels, has been awarded a one-year contract extension for the FPSO Bleo Holm. The FPSO Bleo Holm has been working for Repsol Sinopec Resources UK, previously Talisman Energy, in the UK sector of the North Sea since 1999.

[daza70] 17/2/2018 09:11

..............

[hpotter] 17/2/2018 08:26

caters, I don't think you got a response to your question on whether the 30th Round acreage would be close enough to tie into Blake. The answer is almost certainly yes.

Quite rightly, from the Environmental Statement it seems that Liberator is being developed as a stand alone tie in rather than assuming there will be anything else.

I read that the Blake FPSO contract had been extended by a year to sometime in June 2018, so there must be considerable commercial pressure to get going with Liberator before things start to unravel. ( Edit. Now June 2019, see daza post below ).

[loafingchard] 17/2/2018 02:25

TLOU? Botswana

[caters] 16/2/2018 22:19

Karoo... just had a read up about them. Not one for me.

[hpotter] 16/2/2018 20:59

Karoo Energy. Botswana.

EDIT. I'm not in any way promoting this company, just concluding the story.

[caters] 16/2/2018 20:35

HPotter...

We're uber-bullish.

There was a famous wealthy US fund manager/investor who said that he made his money 'by selling too soon'.

It depends what the other chap can do with his money. Perhaps there is a CBM project that's really worthwhile....Curzon, perhaps? Not for me....not once I saw who was on the BoD.

[2prsimo] 16/2/2018 20:14

He's going to regret that big time HPotter - nice story - well done for keeping schtum - I doubt I would have been able to!

[mighty mackem] 16/2/2018 20:13

I note the CPR report from 2017 stated:

"A significant portion of the field extends into Block 13/23a northwest of the phase 1 area. i3 are in active discussion with the OGA to mitigate this risk. Risk of lower net interest in case the licence is not awarded to i3 Energy"

Block 13/23a shows as having been relinquished by Dana in 2016- Block 13/23c was available in the 30th licencing round...

[hpotter] 16/2/2018 19:38

I went to my Broker's office today and happened to meet another client who said he had sold his I3e shares earlier in the week @69p. His reasoning was that he wanted some cash for another investment and had made a good % on I3e.

I was stuck for words that wouldn't cause offence, but ended up saying that I'd bought his shares, and left it at that. I thought his new investment must be pretty special to rival the next few months we expect here.... but coal bed methane?

[showme01] 16/2/2018 17:56

100,000 buy just cropped up delayed from yesterday at 4.22 at 75p. Offer was 74p at the time. Some are accumulating at these levels. All helps strengthen the price before the next move up.

[scotty666] 16/2/2018 17:36

A poster back in November mentioned the company being excited about a license right next to the liberator field hence assumed it was this they bid on.

Sure at some point someone had a list of the licenses up for grabs which helped narrow it down, will check on the weekend.

Cheers

[showme01] 16/2/2018 16:47

What an brilliant week for i3e. It has risen from 58p last Friday to consolidate nicely around the early 70s this week. Think it's safe to say that the placing shares that were coming to the market have made their way now. Looking at the 14 RSI, that too has cooled slightly from the huge rises a couple of weeks ago.
Bodes well for the coming weeks imo. Have a great weekend all.

[chopsy] 16/2/2018 15:31

I think cash is right, West North West of liberator. It's in the maps in the presentation, at least that's the way I read them.

[showme01] 16/2/2018 15:17

Chaps, you have me doubting myself so I won't say anything else on the subject. I've dropped GH an email and will advise on any reply. My last reply took him a few days as he was very busy so I guess he still is. Cheers

[thegreatgeraldo] 16/2/2018 15:11

Plenty of wells in the area!

hxxps://itportal.ogauthority.co.uk/web_files/gis/quadmaps/Q_13

[showme01] 16/2/2018 15:08

I will drop GH an email and advise on any reply.

[cashandcard] 16/2/2018 14:57

showme,

"block right by Liberator to the north east of it and it was that block they were gon to bI'd on"


I'm pretty sure the extension of Liberator, clearly seen on maps, is in the open acreage to the west/northwest of Liberator. To the east/northeast is Blake.


Cash

[buffythebuffoon] 16/2/2018 14:54

I have no idea, but is it naive to suggest 13/23c?

Buffy

[thegreatgeraldo] 16/2/2018 14:49

Showme, if the bid 30 discovery is near Blake, the North Sea manager of Repsol/Sinopec ought to be shot!! Think it was you that mentioned Blake was sruggling & they needed the production from Liberator to help with the economics..... rather begs the question, why didn't they develope Liberator themselves, especially as somebody here suggested they'll be financing the Liberator dev!!