I3 Energy Share Discussion Threads

[njw2] 11/9/2019 11:30

Is there a placing coming now? What's cash balance here?

[sbb1x] 11/9/2019 11:27

Hunting stop losses now and testing holders.

[tsmith2] 11/9/2019 11:24

Yes, I was hoping we see some today.Persistent seller in background

[tsmith2] 11/9/2019 11:22

I'm not sure trades are recorded twice

[sbb1x] 11/9/2019 11:21

We are still waiting for the large delayed sells what will pop up in next few days...

[charlieeee] 11/9/2019 11:17

That is the "false" volume Sbbix: each trade is recorded twice, as a buy and a sell, so you need to divide by 2 to do comparisons.

Easy to miss, when pushing any boundary to the limit and that was fine, given that this was to be plugged and abandoned: it is crucial to get the additional results, which will give the clue to by how much they missed (and therefore where in the spectrum of 0 to 8 that this will be).

[sbb1x] 11/9/2019 11:03

8.1 million traded in first 3 hours.33 million traded yesterday.... 93 million shares in issue...........On target for half the shares in issue traded in 2 days.

[tsmith2] 11/9/2019 10:59

When he talks about drill position being at behest of lenders. It's simple, management got too cute,Fully funded for next two drills. Huge upside.

[tsmith2] 11/9/2019 10:57

Cash is talk utter nonsense

[ducati2345] 11/9/2019 10:55

Lombard probably buying back after being given nod by BOD to sell last week , price I am more conceyehy price isn’t rising. That’s a huge amount of buys fir no rise. Somethings afoot

[sbb1x] 11/9/2019 10:53

We all know what happens when the large distressed seller is of the weighted scales

[jammydodger1] 11/9/2019 10:44

No bounce major selling in background

[gisjob2] 11/9/2019 10:38

Cash,

So if the well was for financing where does that leave us. I need to check video myself I'm not sure.

[cashandcard] 11/9/2019 10:36

gisjob,


Perhaps, it was should and not would?...I'll listen again later. They have the guy from Dana who was involved in the original discovery working for them. I do not believe they, given a free hand, would have picked that location. In my opinion, they picked that location to satisfy the requirements for financing, thus it was at the behest of counterparty. Those around long enough will remember, the original plan did not even talk about a pilot well. That only came after the deal collapsed last year and this new finance agreement was struck up. What I'm annoyed at is they have over-egged the extent of the mapped reservoir. But what that also means is the original 11mln 2P in the CPR has not disappeared. That is still a resource to be monetised, but the field may not be as big as they originally hoped for.


Cash

[cashandcard] 11/9/2019 10:19

gisjob2,


I am glad they were upfront and frank the resource estimates would be lowered, that was my immediate fear after this RNS. What MS did state was even with a lower resource mapped in that area, there would be enough resource to meet the finance package requirements. I'm going to hold fire as more will become clear once operations complete. If I'm honest, this is now a higher risk play than what I originally invested in. Lets see what they say in a few days after their downhole surveys are complete.


Cash

[letmepass] 11/9/2019 10:15

Must be a massive sell in the background

[devonlad] 11/9/2019 10:15

They lied to shareholders, that is the major issue here! There is no way in the world that drill had a 90% COS, absolutely no way and they should get sued! I'm fully in Beg's court on this, the management are totally incompetent and anything that they say cannot be trusted now. If they hit oil, it wont be through their own competence.

[d1nga] 11/9/2019 10:13

It'll be clearer after the Weekend after the logs are retrieved.

[honestmarty] 11/9/2019 10:10

not the same person who is selling it.

[sbb1x] 11/9/2019 10:08

7 million traded in 1st 2 hours.... who is buying all this stock..

[cashandcard] 11/9/2019 09:33

nametrade,


That's a fair point. But I see this decision to drill at that location as not something they wanted to do, clearly they went a bit cold when questioned over it, it looks like it was done to meet the financing requirement. I think we will get some more flavour to what's happened in the next RNS.


Cash