I3 Energy Share Discussion Threads

[5chipper] 04/11/2017 18:31

Well I guess having all those shares at an effective buy price of 27.5p explains the share price fall since IPO. Former GWIK shareholders getting out with their money in tact.

Hopefully, that has created this deep value opportunity allowing newcomers to invest in a business which is currently completely under the proverbial radar!

I3E CEO founded Ithaca Energy, a North Sea oil company, which was recently sold for £500m. Top two at I3E own 50% of the shares. Let's hope thet have bigger plans for I3E over the coming years.

[showme01] 04/11/2017 16:43

The cashflow from the Liberator field will enable the company to support additional projects. Graham Heath did a presentation in Manchester just after the IPO to GWIK shareholders. He said that they could still make a slight profit at $40 per barrel so gross costs are something just below that. Every dollar increase in oil makes a huge difference. The deal done for the Liberator field was when oil prices were nearer $40.

GWIK shareholders got shares at a 50% discount to the IPO price of 55p so with the pull back we got very little discount but IMO this company is grossly undervalued and I have been adding on top of my 60k shares that I received through the investment GWIK made.

There is no such thing as a free lunch but do some research on the directors at i3, research the Liberator field which was valued at $1bn when it was first discovered and oil was at $100 per barrel. i3 only got it as they knew the major that discovered it and they will have lost the licence as they had more pressing issues to address so something was better than nothing.

I think you will find that a bit of research and watch the pro active interviews and this should be a multibagger in the making.

[lw425] 04/11/2017 10:57

Lots of details of the loan notes to be converted in the results.

plus further funding needed.

first glance it looks great but so does IOG but they need further funding hence the drop back from the 32p spike to 22p.

KEFI same sort of play.

No such thing as a free lunch

[ntv] 04/11/2017 09:10

PRS have a stake here through their shareholding GWIK. As i understand it GWIK shareholders were given a stake in I3E and CORA

[5chipper] 04/11/2017 08:03

I have read back the Gwik thread. Seems like gwik shareholders were given shares in i3e at a good discount to the ipo price. Perhaps that explains the sudden drop in i3e post ipo? Also, what is the connection with Cora?

Apologies for all the questions on a weekend! Thanks in advance for any time put to replies.

[5chipper] 04/11/2017 07:56

Management seem to have targeted 7,500 barrels of oil per day from Liberator. The average North Sea production cost seems to be around $25 per barrel. If they sell these barrels for $60 then i calculate a gross profit of £75m a year.

I'm sure it can not be quite as simple as that though! Surely these shares would be far too cheap! Maybe i have just found a good investment which is flying completely under the radar..

[5chipper] 03/11/2017 22:05

Cheers for the info showme

[showme01] 03/11/2017 21:49

It was a false drop on low volume. The only shareholders here are those that got their shareholding through owning GWIK shares or buying shares that GWIK shareholders sold. The BoD have confirmed that they are locked in as is the other major shareholder. They have confirmed that the only shareholders selling is the GWIK one's.
I was buying more in 4,000 share fill and kills into the close. There are hardly any shares left.
This is very undervalued considering the asset, it's potential and the background of the 2 directors who have worked for 3 years to secure this project.
I have met them both separately in the last few months being just under a 3% shareholder in GWIK so by default, owning quite a few shares. Both have assured me that funding the drill (s) next year is not an issue and likely to be a combination of debt and equity or debt and JV. Today's announcement confirms that.
Huge upside. Once funded the $30m drill, market cap will be nearer £100m imo and then further upside on new licences and distressed or abandoned smaller assets that the larger companies don't have the ability to get to production as they have larger issues to deal with.
I was impressed with both Graham and Neill when I met them and I am confident they will deliver.
This will get very interesting very quickly imo as with so few shares in issue, people that want a stake in this story will struggle to buy any volume with most of the GWIK holders having already sold. Where it will go to, who knows but once funding the first drill happens, it should be well north of £1 a share even with 200% dilution.
Neill said that they are North Sea oil bottom feeders. They are well connected with North Sea oil companies in Aberdeen and the UK GAS AND OIL authorities are very keen to support businesses like i3e who look to extract some of the small oil finds in the North Sea where the larger companies are simply not interested mostly due to their economies of scale. Seems to me that with their contacts and experience, they are well placed to capitalise on this scenario.

[5chipper] 03/11/2017 21:29

Took a position here today at 30p.

Management looks excellent and they have huge shareholdings.

I hope the sub 30p period was a false drop. Looks very good value.

Wonder what coverage there will be over the next few weeks

[colin12345678] 03/11/2017 14:16

£1 all day long

[babbler] 03/11/2017 12:39

Funding negotiations in progress. What price?

[cashandcard] 03/11/2017 12:25

Finally some real meat on the bones of that update. Looking to acquire another asset and work on funding for Liberator phase 1 advanced.


Cash

[risk assesor] 15/9/2017 12:32

i3energy is hosting an Investor Evening in London on Tuesday 19 September - email [e-mail] to register your interest

[risk assesor] 15/9/2017 12:31

i3E will present @SHARESmag Spotlight Evening in London on 18 September 2017

[cashandcard] 15/9/2017 12:08

Dorset64,


Hi there, nice to see you about.

Its been years since Hawk & GKP.

I'm banking on the management here and the fact they have done it before.

They do need to raise financing for the project, I'm confident they'll be able to do that. Its good to see that its a development project as opposed to an exploration only vehicle.

Cash

[dorset64] 15/9/2017 11:56

Hi Cash, long time no speak, am looking into this one as it looks a nice entry point right now.

[risk assesor] 15/9/2017 11:54

Sure sellers are done....MM books balanced....presentations next week and the famousfunding expected shortly...weeks imo not months

[cashandcard] 15/9/2017 11:48

Risk Assesor,

Hi, do you want to elaborate on your comments?


Cash

[risk assesor] 15/9/2017 11:44

yep its time

[risk assesor] 15/9/2017 08:28

almost time to start buying....

[cashandcard] 25/8/2017 08:38

Things going to plan. FDP to be submitted soon.


Cash

[cashandcard] 18/8/2017 09:50

Very quiet here. A great opportunity to top up before the activity and newscycle catches up.


Cash