I3 Energy Share Discussion Threads

[ducati2345] 19/2/2019 08:24

And yet down the price goes again , really can’t second guess this share any more, lots of mentions of i3e in city reports, lot of discussions And quite a few reasonable buys lately but it still won’t rise much above this 50to 60p level

[jungmana] 19/2/2019 08:04

He may be referring to sizeable buys reported at end of trading day for nearly 2 weeks.

[muddyfox0151] 18/2/2019 23:04

Top up today 11k

[fardels bear] 18/2/2019 21:38

It's just wishful thinking.

[tonynorstrom1] 18/2/2019 19:26

Kierandoberfluff,

Do you have any evidence or just rumor.

[kierandoberman] 18/2/2019 19:07

Someone is building up a nice holding in the. Back ground day after day .

[i like trees] 17/2/2019 09:29

Someone I know involved in the O&G sector in the North Sea valued i3e assets as they stand (11.7m 2P plus potential only and very little value put towards Liberator North and Serenity) at circa $60m. That is a fire sale value. Still double the current market cap. No risk at these levels imo.

[cashandcard] 17/2/2019 09:21

Tony,A combination of loss of credibility from the failed attempt at FO by Niel Carson lastyear and also the fact they have not inked that deal just yet.Lastyear, they were in an exclusivity period with the counterparty to get a deal over the line. The market expected it to happen and the shares went to 127p.They have an improved asset position now, but like me, many participants are on the sidelines just waiting to see concrete signs of a firm deal.Cash

[i like trees] 17/2/2019 09:21

I think this is still very much under the radar. Once funded, which I am confident it will be with over 10 companies signing NDA's for data room access and the debt facilities due to be announced, this will get interest and once on the radar will quickly get to a value to represent what assets they have plus the potential. I think the company lost credibility when the JV failed. These things happen. The management have been working 4 years on this, sacrificing salary until recently and hold over 40% of the shares. With the quality of the their background, they know they are onto something imo.

[tonynorstrom1] 17/2/2019 08:59

I like trees:

Good post and interesting analysis. My only concern is that this opportunity is now relatively well known by the market and one would think correctly priced for the ongoing risks. Why is it only 60p if it is as good an opportunity as we think.

[i like trees] 17/2/2019 08:26

So long as they get this funded, I don't think the market has grasped how big this could be. This is an extract from the RNS on 31.01.18 'Pursuant to these discussions, the Company has received indicative commercial interest from a counterparty to provide 100% of the funding for a multi-well development on Liberator and the Company's 30th Round application block, amounting to estimated total capital commitments of approximately US$200 million.

JV discussions have reached a mature stage and, should these commercial arrangements conclude in an expected six to eight weeks timeframe, the Company would maintain a working interest of no less than 67% in its Liberator and 30th Round application blocks, after a multiple of the capital commitments have been refunded to the parties from post-production cash flow.'

So even before the 30th round success, all the subsequent research i3e have done since getting the extension to Liberator and Serenity and some JV partner when oil was lower than it is now, was going to fully fund the $200m programme for a 33% share. That would value i3e shareholders remaining 67% share at $400m. With current shares in issue that is a share price of 11 times the current price of 61p. With debt and partial JV, i3e could retain even more. Worst case and they have to give 50% to attract a super major like Shell or Repsol, we are trading at a fraction to where we will be on that sort of announcement.

I think once fully funded, this example shows the potential here even before the drill bit starts to turn to start to extract the 11.7m barrels of 2p already there and the appraisal starts in Liberator North and Serenity. Very exciting couple of months ahead.

[jungmana] 15/2/2019 17:15

Well thry better deliver some good news soon. This is no brainer at this level with liberator and serenity. Better to be in as when good news land this will rocket

[tsmith2] 15/2/2019 14:29

Going for news a week next

[che7win] 15/2/2019 14:27

Oil rocketing again, new yearly high.

[ducati2345] 15/2/2019 12:16

The key to matd high price is the word Chinese , the Chinese investors like a gamble on big returns and are attracted to anything with Chinese connection. It’s a massive gamble compared to i3e which in itself is also a bit of a lottery

[cashandcard] 15/2/2019 11:26

gaffer,


The area they are drilling this year was drilled by them years ago, oil shows but nothing commercial. The Chinese have had some success a little to the east of them so it maybe different this time around - but again, little infrastructure and restricted drilling season due to weather etc. But if I merely look at marketcaps, matd at £42mln is factoring in some success already when they have none. If those wells are not successful, they will have blown their money and have nothing to show for it.


Cash

[gaffer73] 15/2/2019 11:17

To be fair their first 2 wells were long shots, the next 2 have a much better chance.

[cashandcard] 15/2/2019 10:56

tony,


Are you having a laugh?

I3E have 11mln 2P, 22mln 2C and (midcase prospective resources) 47mln bbls - CPR. That's a 33mln barrel oilfield development if they can get hold of finance. If the extension is successful, its a medium-ish oilfield for the NS.

The point is; I3E actually have a discovered oilfield, which could get bigger, and just require finance to develop.

MATD have exploration cash but are a very high-risk explorer. All of their wells to date have failed.


Cash

[5chipper] 15/2/2019 10:41

Plus, are they not solely based in Outer Mongolia?

[jungmana] 15/2/2019 10:36

Tony Matd had 2 big drills last year and were all dusters. They are purely an explorer in a new oil frontier and still have no oil reserves.So is a big gamble at £42m market cap today compared to i3e at £25m

[tonynorstrom1] 15/2/2019 10:28

Jungamana,

Are you invested in MATD? Just had a quick look at their Corporate Presentation. What make you think I3E is undervalued by comparison?

As per presentation MATD have:

1) fundingn in place for drilling campaign.
2) Lower taxes
3) Potentially bigger reserves

[5chipper] 15/2/2019 09:51

I'll give it a go later - thanks

[jungmana] 15/2/2019 09:48

Imho a swift move to 80p area on the cards next week. Extremely undervalued compared to the likes of matd.

[underdog1] 15/2/2019 09:33

5chipper - have you tried opening it on your pc? I’ve only just realised that I can’t see it on my mobile device!