I3 Energy Share Discussion Threads

[gaffer73] 16/8/2019 19:27

Yep. Could be 100p+ by Christmas

[duckdown] 16/8/2019 16:47

Hopefully the rig will progress to Liberator over the weekend ready to start the pilot well next week.

[muddyfox0151] 16/8/2019 16:10

Am a betting man ! Think not ! Doesn't really matter holding 3 month anyhow , but would be nice it held !

[caters] 16/8/2019 16:04

More to the point, will it hold 50p?

[36redhill] 16/8/2019 15:43

Will it break 50 today

[stockport loser] 16/8/2019 15:18

Yep agree, P90, a 90% COS, although from what I've seen CPRs tend to be one on the conservative side, logical where there has been very little activity and no production,

[caters] 16/8/2019 13:03

Stockport Loser,

I guess your post is aimed at me - and fair enough, if so.

The problem with what Dana found is how thick are the sands across the area. It's not a given that Dana's discovery will prove to be commercial once appraised - though it most probably is.

[stockport loser] 16/8/2019 12:57

Given the first drill is into 2P reserves I'm afraid you won't qualify for the Nostradamus award 2019.

[roundup] 16/8/2019 11:31

Che7win! Very convincing.

[caters] 16/8/2019 11:02

I don't know what i3e will find but I suspect that at least one of the drills will be a positive result - getting the price to >100p

[costax1654x] 16/8/2019 10:40

If all goes alright,with 200 mm barrels,say hello to 500 pence per share!

[che7win] 16/8/2019 10:38

hair,
agreed. We have to remember that this stock listed at 55p, pre-funding.

The dilution has been excessive - but shareholders have been in at the bottom rung, as significant funding usually takes place before listing.
The directors have also been diluted along the way, being the majority shareholders.

It has been painful for long term shareholders, but at the same time, we have 100% ownership of the oil fields (unheard of) and 100% upside at the drilling stage. The greatest gains are at this point, where prospective resources can become contingent.
Those joining the party - I'm jealous - you miss the painful 2 year wait long term shareholders have had.

Along the journey, we acquired the Liberator West Licence which was a real game changer.

We also discovered the Serenity prospect which doubled the upside potential.

We have right now a fully funded 3 well drill campaign and senior debt funding for production after that (next year).

We have also attracted major investment partners such as BP Oil International Limited (3rd June 2019 announcement).

Baker Hughes, a GE Company was willing to take shares rather than cash payment for the Equipment and Service Contract (2nd July 2019).

Upside remains exponential - if we discover 500m barrels, 200m extractable, that's significant upside.
At $8 per barrel (due to us beside existing infrastructure and front loaded return on capital employed), 200m barrels is worth £1.3bn.
That is worth over £8 per share.

If we only discover oil in Liberator, 100m barrels worth 650m, well over £3-£4 per share.

With upside like this, and very high COS, I'm surprised we aren't much, much higher at this stage.
I'm hoping for a JOG like jump - and all before end of this year!

DYOR.

[hairballradical] 16/8/2019 09:47

Caters,

considering the share price was effectively diluted by 1/3 rd with the warrants issue in June, the share price has held up well over the past few months.


HBR

[muddyfox0151] 16/8/2019 09:41

And back to break the 50p barrier ......

[caters] 16/8/2019 08:52

Why sell into every small rise?There was a bit of momentum here this morning and another penny or two's rise possible... So why not wait a bit longer then start selling?It really does seem like someone wants to keep the price down rather than just trading around the price.

[the bottom sniffer] 16/8/2019 08:20

I like what I am sniffing here. I'm well and truly in.

[che7win] 16/8/2019 08:07

Perfect bounce off the 200 DMA.

[bountyhunter] 16/8/2019 06:57

Yes good news!

[alexios1201] 16/8/2019 06:46

Finally rig is towed into the clear watersRig on location 18Aug middaySpud TuesdayGame onThree back to back low risk fully paid wells drilledTransformational to the company

[letmepass] 16/8/2019 01:34

Another delay. Another opportunity to get in the low 40s

[bountyhunter] 15/8/2019 21:26

Waiting for high tide or taking on supplies or personnel? Who knows but I wouldn't worry with the tug still attached and many other vessels in attendance.

[gisjob2] 15/8/2019 21:16

Why has the rig not moved this afternoon ?

[bountyhunter] 15/8/2019 20:53

No it hasn't actually sunk lol. Horizon Arctic status is still "Towing Borgland Dolphin"...