I3 Energy Share Discussion Threads

[showme01] 12/3/2018 13:40

I bet £1 is gone by close of play Wednesday as people will know that have been on the side lines that once funding confirmed, likely to be £2 plus.

[duckdown] 12/3/2018 13:35

I suspect you're right. Only the relentless selling from the instis has kept this down but now they're out it could easily fly.

No doubt there will be some profit taking along the way but with news due soon it would be mad to attempt to trade this.

I think £1 will break this week too.

[a2584728] 12/3/2018 12:39

Close above 80p tonight and 100p by Friday I suspect

[5chipper] 12/3/2018 12:27

Breaking in to all time high territory will quite possibly bring buyers/ topper uppers in

[5chipper] 12/3/2018 12:25

Looking pretty likely at the moment :)

[cashandcard] 12/3/2018 12:24

Can we touch 80p today?


Cash

[5chipper] 12/3/2018 12:20

Can sell 20,000 shares over offer. Just quoted 78.2p

[cashandcard] 12/3/2018 12:16

saw89,


Agree, I would go further (I have a small position in JOG), this is further down the line than JOG at the asset level (interest and risk level) and I'm in no doubt they will secure a funding deal for Liberator and greater Liberator area.


Cash

[saw89] 12/3/2018 12:09

this has the ingredients to do what JOG did with the statoil back along - i.e many bags

[showme01] 12/3/2018 12:01

Cash, couldn't agree more :-)

[cashandcard] 12/3/2018 11:57

showme01,


The share count is tiny, half of it held by directors, Miton and a few others. Add in shareholders from advfn lse and iii, probably 60-70% shares held. A real squeeze if there is any good demand for the remaining free float. We are heading very quickly towards development funding and 30th round Licensing awards. My thoughts? this is not the time to be out.


Cash

[showme01] 12/3/2018 11:37

IMO the price action today is a result of hardly any shares and growing interest in the company. I think quite a few sold out or partially sold out think that City Financial were going to drag the share price back nearer 50p but the increased buying bounced the share price quicker than some expected.
Those people are probably trying to get back in, all be it at a higher share price. Trading a share with plenty of news and poor liquidity is very high risk for minimal gain in the grand scheme of things. The upside is so many multiples with a low risk drill at Liberator and P2 reserves.
The funding to unlock that revenue will propel this forward rapidly in terms of market cap.

[chopsy] 12/3/2018 11:27

Yes I suspect that today's price action means the funding negotiations are complete and the announcement will come soon, e.g. Tomoz.

[saw89] 12/3/2018 11:01

Very hard to get stock.........

[cashandcard] 12/3/2018 10:44

The chance to buy on the last dip was taken up quite well. JC hopefully out now, resume the path towards the big development deal.


31/01/2018

"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.

The Joint Venture discussions also contemplate capital being provided to i3 by an industrial party to enable the Liberator development to proceed utilising that party's funding alongside other credit facilities, even in circumstances where the Company is unsuccessful with its 30th Round application"



Cash

[showme01] 12/3/2018 10:22

Great , isn't it!

[2prsimo] 12/3/2018 10:18

No stock available - mm's really struggling it would seem - 77p paid

[showme01] 12/3/2018 09:19

About to venture into new price territory. Should be fun :-)

[showme01] 12/3/2018 09:19

City Financial next

[che7win] 12/3/2018 09:18

2Prsimo, Yes, it appears so.

[2prsimo] 12/3/2018 09:16

Is that James Caird out now?

[showme01] 12/3/2018 09:15

JCAM offloaded. No big suprise there after converting. Adds to liquidity at the time but seems to have dried up again

[che7win] 12/3/2018 09:15

Holdings RNS just out.

[showme01] 12/3/2018 09:07

There is hardly any stock. Could see a £1 in the next couple of days. Who is going to sell so close to transformational news? MM will have to move up to get the odd seller imo.

[5chipper] 12/3/2018 09:04

That's only for £2k worth though