I3 Energy Share Discussion Threads

[ducati2345] 10/9/2019 11:16

Don’t i3 need more financing now? More dilution or have I got that wrong

[bountyhunter] 10/9/2019 11:11

Maybe CC, ...don't forget there's also Serenity, we all need a bit of that right now!

[mbdx7em21] 10/9/2019 11:11

it's a pilot well to determine optimal position of a development well..

seismic needs refining - price action on contrary suggest its a duster and we are out of money!!

The objectives of this pilot well are to enable a future development well to be positioned at an optimal location in the upper Captain sands channel in the south-eastern area of the Liberator field. Preliminary petrophysical information obtained from the Measurement While Drilling (MWD) tools indicate that the targeted upper Captain sand has not been penetrated and is pinched out at the 13/23c-9 location. The lower Captain sand is present in the well and is below the estimated oil water contact as expected. On initial tie to the seismic data, the well appears to be located proximal to the main upper Captain channel fairway and further well data is required in order to interpret and locate the key reservoir upper Captain channel edge. As such, preparations are being made to obtain a vertical seismic profile (VSP) in the well and to also run a shear wave sonic log, after which 13/23c-9 will be plugged and abandoned as planned. These data will be used to recalibrate and update the existing seismic model such that options and plans for further operations at this location to meet the objective of locating a future development well in the south-east area of the field can be made.

The Company will provide further updates once it has analysed the data currently being acquired.

[jammydodger1] 10/9/2019 11:07

Down we go

[markstevenkirby80] 10/9/2019 11:07

2 out of 3 ain't bad

[cashandcard] 10/9/2019 10:57

bountyhunter,


Absolutely, a well drilled North of LW location was a duster, I3E say it was drilled in the wrong location. I do not have the confidence in that assessment now and certainly not to average my small holding down after this result and ahead of the LW result. We now know their model is off - perhaps that what counterparties had seen all along?


Cash

[gaffer73] 10/9/2019 10:57

Yeah bit of recalculation required

[mbdx7em21] 10/9/2019 10:56

huge over reaction imo. adding meaningfully

[bountyhunter] 10/9/2019 10:55

and wrt the next two drills CC

[muddyfox0151] 10/9/2019 10:54

Lol 20 k down , 2 more drills ... funny this ...

[cashandcard] 10/9/2019 10:54

The main issue now is to understand why their model was off AND what that means regards the on block resources?

begorrah, true. In the end, the decision is each individuals.


Cash

[begorrah88] 10/9/2019 10:52

No-one to blame bar a crooked management and mainly myself.

Huge loud bells were ringing when no other party wanted anything to do with I3E after they went into the data room.

[bountyhunter] 10/9/2019 10:50

Yes only a smallish punt in the end, all on drills two and three now. More in HUR and risk spread quite widely but still surprised with this result with no clues leaking out in advance apart from that pathetic post yesterday to the contrary.

[muddyfox0151] 10/9/2019 10:46

Lucky you never put more in BH ... you stated previous!

[cashandcard] 10/9/2019 10:46

Well, that's why there was no deal last year. Lots of questions to be asked of management. Thank heavens I took most of my money out of this last year and only reinvested a small position here a few months ago.


Cash

[muddyfox0151] 10/9/2019 10:44

All them placing buyers .. whoops

[letmepass] 10/9/2019 10:39

What a knbo pro is.. Posted yesterday by him... Well.......rumours of 85 feet.....whether they are true or not, certainly the amount of shares being purchased is going up, which bodes well.

[muddyfox0151] 10/9/2019 10:23

Lol oh dear ...

[letmepass] 10/9/2019 10:22

20p will be hit today. Ramped so much