I3 Energy Share Discussion Threads

[gaffer73] 09/9/2019 18:18

Totally made up. Where are they injecting the water and why would they on an appraisal.

[duckdown] 09/9/2019 18:07

The production wells will be horizontal. This well is going to be plugged and abandoned once they've finished and they won't be using water injection on it.

Nevertheless, an interesting day with 3.5million shares traded.

[mpls] 09/9/2019 17:55

So only three late reported trades so far.

One at 96,613@55.8 which looks like a sell from 16:07:52 which ticket the price down
One timed at 16:30:46 for 105,000@56
One timed at 16:32.33 for 60@56.2

Last two look like buys.

Should be an interesting start tomorrow.

[wonkyaim] 09/9/2019 17:55

They wouldn’t consider water floor unless the reservoir was either tight, viscous or not flowing

[haveapunt1] 09/9/2019 17:51

Unless they are now looking at a switch to production? Given, waterflooding or water injection could be injected into the well, to increase the pressure and thereby stimulate production? Just throwing it out there for debate?

[wonkyaim] 09/9/2019 17:46

Guys

New on here but been around a while: I think it’s quite clear that there’s some confusion over what water injection is and why it is used

It’s certainly never injected into an appraisal well: Zak what you’re saying is factually inaccurate and casts doubt over what your agenda is.

Typically water injection is used to recover depleting resources in an already established reservoir or to protect kit from corrosion

It’s never used to appraise a well.

[mpls] 09/9/2019 17:15

The talk of 85ft of oil column found looks to be fanciful.
Even half of that would surely dwarf the targets of c.13 MMbbls 2P reserves and 8 MMbbls 2C contingent resources with planned initial flow rates of c.20,000 bopd.

Note that the Liberator field was discovered in 2013 by exploration well 13/23d-8, which encountered a 24 foot hydrocarbon column with 4 feet of gas underlain by 20 feet of oil.

[showme01] 09/9/2019 16:43

3 million shares changed hands today.

[costax1654x] 09/9/2019 16:34

Anyway,strong volume today!!!

[duckdown] 09/9/2019 16:14

One thing for sure is you don't use water injection when drilling a well.

[cashandcard] 09/9/2019 16:10

They found a thin zone deemed to be productive in the original discovery. Its entirely possible this current drill has been located at optimum level to intersect the expected extension due West with better reservoir payzone anticipated. However, the water injection comment sounds like nonsense and ultimately, the company will inform the market of what they have found. Here's hoping.


Cash

[tweedledummy] 09/9/2019 16:03

There was a huge buy the night before the spud RNS (late declared if I remember right) at 54 pence, but these large buys today are encouraging. But I have been here too long to start assuming anything good from them. AIM is a master at the swift kick in the nuts.

[showme01] 09/9/2019 16:03

Water injection stimulates production I thought??

[devonlad] 09/9/2019 16:00

He's playing with his water pistol?

[robpuguk] 09/9/2019 15:59

water injection?? ummm you what?

[costax1654x] 09/9/2019 15:58

Haven't seen ever something like that in I3e

[costax1654x] 09/9/2019 15:58

Some very big buys today,can only mean ....that someone is very confident

[devonlad] 09/9/2019 15:55

Coastax1654x, quite possibly very correct there considering what was found in the initial exploration well, I think that was bigger than 80ft by memory.

56.39 trades are buys now.

[roundup] 09/9/2019 15:54

ZAK! What is your agenda?

[costax1654x] 09/9/2019 15:53

I think is bigger than 80 ft

[muddyfox0151] 09/9/2019 15:51

Zak your in the limelight...

[showme01] 09/9/2019 15:39

Zak, I hope your info is from a good source :-)

[showme01] 09/9/2019 15:33

Great volume day.