I3 Energy Share Discussion Threads

[datait2019] 14/8/2019 13:42

40p will be a great top up opportunity as well I suppose

[datait2019] 14/8/2019 13:33

No need to top up just yet as price now has bottom level of around 43p if 50p is cant hold

[puffet] 14/8/2019 12:28

Bought again sub 50p great top up opportunity IMHO.

[costax1654x] 14/8/2019 12:19

Price is cheap as chips relax and enjoy!It will go big time up soon!

[begorrah88] 14/8/2019 12:14

Right, off out for the day and see where it lands at the close

[begorrah88] 14/8/2019 12:12

Now becoming a rout

Oh how those 'supportive' funds that took up the placing are enjoying milking PI's for their profit

We'll probably only hear about who has been doing all the selling [if at all] a long way down the road when the story reaches its' conclusion

[cashandcard] 14/8/2019 12:11

Wow, it is relentless. Doesn't seem to stop.


Cash

[begorrah88] 14/8/2019 12:07

.....and right on cue 110k+ plus dumped

Next question is where do they take it to?

[begorrah88] 14/8/2019 11:55

Back where we used to be

5000 quickfire sells walking the share price down

Many of us been here before

I've reached the conclusion that it is one MM's putting through the 5000 quickfire sells to take the share price down as they have lumpy sells queuing up that they don't want to trade at the higher price.

We usually see a burst of the 5000 bid-removing sells just prior to a lumpy sell [but usually not the 50000 lumps as they are being worked behind the scenes]

[2solaris] 14/8/2019 11:20

Some people probably selling here to buy MATD after the good news that their problem has been resolved and they now have 2 drills on go simultaneously.

[cashandcard] 14/8/2019 10:53

fozzie,


I have mentioned this before, a number of times, it seems they do not care.


Cash

[fozzie] 14/8/2019 10:51

The house broker should be speaking to the shareholder(s) that are constantly selling and organise an orderly off book transfer of their shares. Brokers really are useless, bit like estate agents.

[zeusfurla] 14/8/2019 10:36

I think patience is required. This is not a stock to day trade. There is clearly a seller (or 2) overhang and this will clear. There was strong buying opressure yseterday and no reason to believe this will go away. There is a probability of 2 out of 3 drils succeeding. However you look at it this would jump the share price up considerably. Dolphin/Petrofac are doing the business now not I3E so any management doubts are unfounded. share price is at hsotoric low levels and this is a rational investment at current prices with or without a share overhang. Patience is the key to a potentially significant return here.

[devonlad] 14/8/2019 10:36

Beg, you can't do anything about the funds selling and without notification, we don't know they are. The trading might just be bot trading for all we know. At the end of the day, this has an mcap of £50m and is targeting 20k bopd next year, that is insane compared to other exploration companies:

As previously announced, following the 2019 drilling campaign referred to above, in 2020 the Company expects to undertake further development drilling and to secure delivery of first oil from Liberator at approximately 20,000 bopd. With the successful appraisal and development of Liberator and Serenity, i3 could potentially produce more than 200 MMbbls(3) from its current licences.

I guess it depends on how you look at your glass, half full or empty. If the wells come off then you can look back and say what a fantastic opportunity the seller provided for you, all depends on the drill results.

[gisjob2] 14/8/2019 10:26

I'd be surprised if the price dropped to 45p without plenty of buying as investors take positions. You'd expect investors to pile in when results expected so who would want to miss the boat at anything under 50p waiting for the odd penny. Obviously that depends on all the wider market and oil price issues.

I'd be buying loads if the price started with a 4, ultimately you make serious money if the drill is successful or lose loads if not, penny here and there is irrelevant in either case.

[begorrah88] 14/8/2019 10:14

I'd have to agree

There are no further triggers for any buying here until results so 30 days or so of Lombard & Miton etc to continue selling and for the likes of Lombard anything over 37p is profit.

I can see many pi's wandering off and coming back in a few weeks time if they are still interested and I expect the share price to drift lower as no catalysts to move up.

Obviously still huge doubt about the drill outcomes and the market doesn't trust i3e in the slightest.

The MM's may give the share price an occasional run up but only to lure more PI's in to offload the II's stock onto.

It's not as if i3e are going to do any PR to help the sp

Looks like they are on course to maintain their high average of red days whenever they update the market.

Such a shame as I was hopeful we could move forward but that brick wall of heavy stock on the share price has killed any enthusiasm.

[cashandcard] 14/8/2019 10:06

Well, its results or nothing here now - that line of stock is endless and nothing seems to be able to move it. Everytime there is any amount of strength, its pop up. Quite frankly, I'd rather be ready for the Joe well at eco than take any further risk here. Todays reaction proves the damage done to I3E last year when NC was in charge and through the botched JV farmout runs deep. Its not going to be undone without a good set of well results.

I am confident they can do it but never say never with I3E.

Cash

[datait2019] 14/8/2019 10:05

Pull back to 45p area soon

[begorrah88] 14/8/2019 09:58

Now taken down without any trades showing 51p-52p

[muddyfox0151] 14/8/2019 09:55

Obviously it cant , continue, shares will dry up , on. results!

[muddyfox0151] 14/8/2019 09:03

Beg. Thanks your post top research...!

[puffet] 14/8/2019 08:41

NAO Fighter has left Aberdeen and has a 0800 arrival at Dolphin 15th August.

[jungmana] 14/8/2019 08:30

I3'S 2019 drilling campaign is expected to include:-- The Block 13/23d LPt-02 pilot well which will optimise the placement of the first Liberator Phase I production well, LP-02, planned to be drilled in 2020-- The Block 13/23c ("Liberator West") LA-03 appraisal well (70% commercial chance of success ("CoS"))(1) , expected to partially convert Liberator West resources into reserves-- The SA-01 well (72% geological CoS)(2) into the Serenity prospect that i3 expects will prove a material extension of the neighbouring Tain discovery