I3 Energy Share Discussion Threads

[markstevenkirby80] 10/9/2019 20:05

Something' not right here think they are playing the game ,time will tell

[gaffer73] 10/9/2019 20:05

I'm just glad I didn't double up last week!I sold out this morning and bought back this afternoon and will let them run for the other drills. These things are to be expected in the oil game.

[banks69] 10/9/2019 20:01

Agree with the below it disgusting what these 2 have done...............

begorrah88: Still look like a couple of naughty schoolboys who haven't done their homework and that would very much appear to be what has happened.

[muddyfox0151] 10/9/2019 19:59

Doom , there's two more drills , substantial in i3 e , is what it is ... cheap price , hence the buys today .

[shorterofdoom] 10/9/2019 19:56

Why would RRE evening think about bidding now? Take on a load of risk for nothing, that’s not their game. I3 board have seriously messed this up,
Nothing can save them now.

[muddyfox0151] 10/9/2019 19:56

Watched it again , still don't understand , 90% chance . 30p lol

[banks69] 10/9/2019 19:46

OMG I wanted £1 or £2 not 30p

WHAT THE HELL!!!!!

[muddyfox0151] 10/9/2019 19:40

https://youtu.be/k2jp7Ch_ikM

[henwii] 10/9/2019 19:35

Could somebody please put a link to the video on the thread please. Thanks in advance.

[muddyfox0151] 10/9/2019 19:22

Talking rubbish

[sbb1x] 10/9/2019 19:04

The big fish RRE could come knocking at current price. I bet AA is mulling it over tonight. What would be a shame for holders with a much higher average.

[gisjob2] 10/9/2019 18:48

Sbb1x,

Afraid not, the mid case is 237 STOIIP with a recovery factor of between 28% - 35% leaving 80 million barrels, not 300 million barrels.

Even if you took the highest STOIIP and a recovery factor of as high as 48% you would only get to 234 Million barrels and believe me that won't happen, there's already less after today.

For balance the low case for the whole Greater Liberator Area is 10 million barrels recoverable rather than the 300 million barrels you state

[flawlesskicks] 10/9/2019 18:47

Toon... Your money would be safer in casp imo... But you know what I think. This has been a bigger issue than the management are making out imo. The question is over their competence as they begin the next drill.Casp have struck oil at every well drilled at BNG. If the management are incompetent at reading the seismic then there is a big problem going forward imo. That is the reason iis are selling down. They don't want to take the risk now.

[tsmith2] 10/9/2019 18:29

Wonder if they still serenity first and then liberator west?Don't think we will have to wait long before we here on the seismic reinterpretation.let's say they halved oil volume for well just drilled, that would be a 4mm reduction (personally I think that's too much of a discount given the use of the word 'significant' which typically means 20% or so).4mm reduction in scheme of things is absolutely nothing here.Have taken opp to add materially today

[honestmarty] 10/9/2019 18:19

Thanks Geraldo

[sbb1x] 10/9/2019 18:07

Targeting 300 million Barrels of oil worth 3$/2.42 a barrel in the ground valuation.Targeting 726 million pounds worth. Current mkt cap 27 million. Risk v reward Upside is huge from this level

[sbb1x] 10/9/2019 18:01

The smart people always buy the dusters and watch the rerates and never hold for results.

[sbb1x] 10/9/2019 17:59

32 million volume today.Loads of stock churned today.A few derampers here looking for cheaper entry. See you in the 40s at end of the month.

[gaffer73] 10/9/2019 17:55

All will be forgiven by Christmas

[thegreatgeraldo] 10/9/2019 17:44

Next drill will be after this one..... rig should be finished at the current location over the weekend (as per the vid).... then it needs to move, so middle of next week?

[rumobejo] 10/9/2019 17:42

oh and the twitter ramp gang worked tirelessly to facilitate the orderly offloading of the shares past 3 month before well drilling results, how so convenient.

go on twitter to get full list of them...

[honestmarty] 10/9/2019 17:37

When is the next drill?
He didn't actually answer the question.

[rumobejo] 10/9/2019 17:37

around 56m shares placed/warranted between 40-55p already been sold/hedge over the last months since June, placees and facilitators don't hold for drilling results, too risky for them, question is how far down they will let it go making a profit on their hedge before the cycle flips again...

"Participants in the Junior Facility and Share Placing received warrants totalling a notional amount of GBP24mm split proportionately across three series. GBP8mm warrants are exercisable at 40.7p/share, GBP8mm warrants are exercisable at 48.1p/share, and GBP8mm warrants are exercisable at 55.5p/share which, when fully exercised, will convert into 50,702,450 Ordinary Shares of GBP0.0001 each in the Company.

6,058,407 new Ordinary Shares in the Company ("New Ordinary Shares") will be issued for the Share Placing and to settle certain Junior Facility arrangement fees. Application will be made to the London Stock Exchange for the admission of the New Ordinary Shares to trading on AIM, expected to commence on 10(th) June 2019."