I3 Energy Share Discussion Threads

[shorterofdoom] 11/9/2019 13:15

Cash you are very much mistaken. They a chartered a set period, not a number of wells. When their time is up the rig will demob unless they pay more cash. The current programme does not allow them the compete a third well in the time. Unless of course they drill twice as fast

[shorterofdoom] 11/9/2019 13:15

Cash you are very much mistaken. They a chartered a set period, not a number of wells. When their time is up the rig will demob unless they pay more cash. The current programme does not allow them the compete a third well in the time. Unless of course they drill twice as fast

[sbb1x] 11/9/2019 13:13

Back from smashing the mrs, s1 looks liked they missed a cheap entry ? Odear snooze you loose.... lolA few more posters apearing on Twitter, ... Time to buy.Rome werent built in a day.... high ho high ho its off to work we go with a shovel and pick and a walking stick high ho.Time to build

[gisjob2] 11/9/2019 13:11

Corner turned ?

[tsmith2] 11/9/2019 13:10

Also bid requiring not much vol to firm

[tsmith2] 11/9/2019 13:09

blue on good volume and strength into close to watch out for

[puffet] 11/9/2019 13:09

Looks like overhang is cleared?

[hermanngoring] 11/9/2019 12:59

They can target what they like. They will only hit salt water.

[hermanngoring] 11/9/2019 12:58

jim shaw is incompetent.

[hermanngoring] 11/9/2019 12:58

jim shaw is incompetent.

[sbb1x] 11/9/2019 12:49

Bring on the next 2 drills what are targeting 300 million barrels.Price rising negative posters wont like that.Gonna boom boom the mrs s1 keep ronald and his crew occupied. Laters.

[tsmith2] 11/9/2019 12:49

Give the sh*te a rest or alternatively short it

[cashandcard] 11/9/2019 12:48

They have the money for the next two drills. No financing issues for current drilling campaign.


Cash

[shorterofdoom] 11/9/2019 12:45

Bring on line with what money exactly? The money LPt-2 was going to unlock through senior funding? Ooops they hit a duster so that’s a lifeline gone. How could they miss the sweet spot drilling right through it on their model. The model is nonsense which means A3 is a massive risk. Running out of time on the drill programme too, so S1 is looking more unlikely without a massive discount placing again. Question is do they try and get one away now or wait until A3 fails and do it at a much cheaper price. Another gamble by the board

[sbb1x] 11/9/2019 12:44

Lol.... give us a link Ronald McDonald

[hermanngoring] 11/9/2019 12:43

Broker sets fair value at 7p

[sbb1x] 11/9/2019 12:40

We can all see the potential here, casp pumps under 2000bpd and is valued at 232 million..........I3e is looking at bringing on 20,000bpd in a year or 2 and has mkt cap of 27 million

[tsmith2] 11/9/2019 12:39

Expecting a very decent bounce this afternoon

[cashandcard] 11/9/2019 12:37

I've not seen 90%.


Cash

[muddyfox0151] 11/9/2019 12:37

90% only ever seen on Twitter ?

[greyingsurfer] 11/9/2019 12:33

Thanks cc,

Any idea where the cos of 90% some are quoting comes from?

[sbb1x] 11/9/2019 12:30

Fundraiser you gonna buy here....

[cashandcard] 11/9/2019 12:28

greyingsurfer,


Originally, there was no plan for a pilot well. It was two development wells at Liberator taking the company to circa 20kbopd. After the new licenses, followed by lastyears failed farmout and then the renewed dataroom and FO process (which resulted in nothing) they were forced into a going down the junior+senior debt route for finance.

The original plan was to drill one of the two producers this year. Its only this year has it changed to just a pilot well. The implication to me is dataroom parties were not as confident in the model as I3E and essentially seem to have required a further well to confirm the model ...cue LP-02 pilot well.


Cash

[corgies2] 11/9/2019 12:21

Muddy ,,,,agree unbelievable decision but who was it that got greedy ? finders or BOD
Time to move on , get as much quality info as possible
Personally neither selling or buying
Fancy it will be sold at much more than current share price and much less than brokers /tweeters numbers

All the best