I3 Energy Share Discussion Threads

[tonynorstrom1] 06/2/2019 16:49

Gaffer73,

Is this new news - Do you have a link or is this from the update a month or so ago?

[gaffer73] 06/2/2019 16:42

'i3 is negotiating terms and expects near-term agreement for US$100 to US$130 million of debt for appraisal drilling and 2019/2020 Liberator Phase I development capex'Sounds like they are pretty close to sorting something out.

[che7win] 06/2/2019 15:59

Oil up 50 cents.

[tonynorstrom1] 06/2/2019 10:46

Che7win,

Just looking at your calculation and going back to the last corporate update. Your calculation is based on 160MMbbl of oil which includes 2p,2c,3p resources . From the table for phase 1 - proven recoverable reserves is only 4 MMbbl and probable reserves(2P) i.e. reserves with a greater than 50% chance of recovery are 15MMbbl.

So In answer to your question why the market doesn’t rate the shares higher is probably a combination of the finances and concerns on whether the probable reserves will become proven or recovered reserves.

[ducati2345] 06/2/2019 09:42

Agreed much as I rate this company, any fool can make a statement saying things are progressing, etc etc but until we some firm meat on the bones the market will not invest big sums . At moment it’s a risk , a risk worth taking in my opinion as upside is huge. But share price won’t rise a great deal until we get a firm announcement stating a potential Jv is ongoing

[begorrah88] 06/2/2019 09:22

.......and can a single outside verification of any other interested parties by found anywhere?The previous JV exclusivity deal must have also included an anonymity arrangement!That is what the issue is and why the share price won't relate until actual details are produced

[che7win] 06/2/2019 09:18

I must have misread this:"Company continues to progress its previously announced joint venture ("JV") farmout process and has been pleased with the response. Several companies are conducting due diligence, with additional parties scheduled to enter the process in January"

[begorrah88] 06/2/2019 09:07

The reason is relatively straightforward. Until some hard evidence of genuine interest and progress about funding materialises the market doesn't believe a word this board says.Too many false dawns and not a single, verified interest from anyone yet. This time last year we were in a 6-8 week window for funding and look what has happened since.If, and it is a big if, they do get funding then I would expect a good rerating but they have yet to come through with a single thing they have touted so have little credibility.

[roundup] 06/2/2019 09:07

Tsmith2>>. you have a peculiar concept of desperation.This board has been dead for weeks, and now when somebody does a little research and tries to highlight the true value/ potential of our investment you accuse of being desperate.It's about time someone pointed out the upside of this company.

[che7win] 06/2/2019 09:01

If oil goes up just 10 dollars a barrel more from here, our profits then rise 33%.Seems any way you look at this, potential means we are too cheap.

[che7win] 06/2/2019 08:48

Not desperate in the least, I see these as a steal.I would like to know why my view is so different from the market ad I don't understand the trickle down.Serenity doubled the prospective upside yet the share is half.I have been consistent in my view that we shouldn't be below 100p.Management are genuinely excited for the year that lies ahead, I have much patience, I'm here for the long haul.

[tsmith2] 06/2/2019 08:42

You are starting to sound desperate. I agree the upside is massive, if management deliver peeps will do very very well.

[che7win] 06/2/2019 08:40

Which is why, even if I'm way out, any debt instruments or sniff of jv will see these quadruple. I won't be selling, added more this month.200p is £100m market cap, that is still incredibly cheap in my mind.Might sell a few at 500p.

[che7win] 06/2/2019 08:36

Asumming Brent oil stays at $60 barrel and our breakeven at $30 barrel and we retain 66% interest and 160m barrels extracted for Liberator and Serenity.That is £20 profit per barrel on 2/3rds gives gross proceeds over £2 billion.Could be worth £40 per share.Why we sit at < £25m market cap and punters selling I don't know...

[kevmb] 04/2/2019 09:28

Soldec. Its typical keyboard warrior mode. People post stuff in a way they would never dare say to your face. Sad individuals

[fardels bear] 04/2/2019 09:21

Since time immemorial.

[soldec] 04/2/2019 08:51

As i’m relatively new to shares, is it commin place on bb’s for people to behave like utter c*cks? There’s so much of ‘mine is bigger than yours’and ego pumping! My share is better than yours! So sad to see. Do people really have to behave like this?!

[ducati2345] 04/2/2019 08:46

Well runs did say likely during February for news so we still have 26 days left , let’s nit be too hasty to be negative

[north sea oiler] 04/2/2019 08:28

No news on 31st then? This is moving down. Guess what is moving up?

[underdog1] 31/1/2019 18:32

Well chaps, tomorrow is February which is hopefully the month that will yield long awaited news re finance/jv. Wonder if we’ll hear any official word on the happenings at repsol sinopec prior to an rns...

[caters] 31/1/2019 16:31

Steady buying today ... good to see,

[che7win] 30/1/2019 16:02

Oil continues strong recovery, I like the EIA data today.