I3 Energy Share Discussion Threads

[begorrah88] 13/9/2019 10:06

Yet another leg down in processRelentless selling that even solid buying can't stem yet still no-one claiming any of the volume. Very, very mucky.

[flawlesskicks] 13/9/2019 10:03

alexois - please listen to the Directors talk the other day.

[muddyfox0151] 13/9/2019 10:01

Your giving a good go , 30p finish lol

[rumobejo] 13/9/2019 10:00

Lombarded all the way down to 20p, still 11% to flushhhhhhhhh

[stockport loser] 13/9/2019 09:57

It's a punt at 25p. Given the poor data interpretation you can only give A3 a 50% COS at best - casino odds.

[rumobejo] 13/9/2019 09:57

RIP 28p...

[alexios1201] 13/9/2019 09:53

Lpt is not in the outer edgeIt is exactly where the horizontal leg of L2 producer should have been placed and in the sweet spot if you look at reservoir pic of Phase1Need to look at well design diagram.I can only assume that pilot well is much cheaper rather than full horizontal J type producer well, this is why they drilled the pilot well and was meant to be safer option, but sadly captain sands are just not there which makes you wonder if whole model is skewed not and BOD will have to go back to the drawing board.Lpt pilot well is drilled ~1mile away SE direction from the original L2 drill centre (coordinates in Environmental Permit doc)

[alexios1201] 13/9/2019 09:46

It wasn't 90% Gcos84% Gcos Phase1 L2 or Lpt when they changed from full horizontal into pilot60% Gcos Phase2 A3 appraisal well or LA-0354% Gcos SerenityTaken from WHI Broker note 8Jan 2019

[flawlesskicks] 13/9/2019 09:38

The drill will more than likely reward those getting in at this level. Some won't agree and some will be hostile as they want a lower entry but it makes no difference.

Once that drill starts turning sentiment will change and on a positive result - 400% is possible from here.

That's well worth sticking £5k on!

[tsmith2] 13/9/2019 09:27

I wonder if we get the large trade prints at some point today

[tsmith2] 13/9/2019 09:24

cretin filtered

[rumobejo] 13/9/2019 09:21

27 round the corner....

[flawlesskicks] 13/9/2019 09:18

I only have £5k in! Hardly a big pot but I like the risk/reward at this price.

Strong buy in my book!

[muddyfox0151] 13/9/2019 09:10

Flawless let's hope you made the right choice , we all winners then :)

[cashandcard] 13/9/2019 09:10

greyingsurfer
13 Sep '19 - 08:45 - 11781 of 11789
0   1  0



I'm beginning to suspect that. I'm still trying to get to grips with the reasoning behind the change from apparently planning to drill L2 to going for Lpt2 as a pilot, to improve final postioning of L2. That certainly doesn't tie in with notions of 90% cos, but much more like a well aimed at trying to see how far the field went before pinch out. Seen in that light the results of the LPt2 well are less of a disaster than the general view round here seems to be. The company could perhaps have done a much better job at explaining what they were drilling, and why, but a lot of the reaction, here seems to be based on what look likes false expectations of what was being drilled.

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As I mentioned in a previous post, I believe the change in plan was driven by/at the behest of the counterparty. It follows through as the senior debt was contingent on the results of this pilot well. The senior-debt/pilot-well being joint at the hips and they only became part of the plan this year.


Cash

[flawlesskicks] 13/9/2019 09:07

We have had a massive 55% drop here - I think that MORE than covers any potential uncertainty for the next drill - for me at this level with full funding, it is a no brainer!

At 55p, I was laughing but at this price - more than happy to take a position.

[sbb1x] 13/9/2019 09:05

Bunny Boiler, You should be more worried with sxx than talking this downWow SXX 773 million mkt capPersonally i think market cap should be less than half of thatHow much cash they got in the bank ?How much income do they generate? And how much is profit ?Why is market cap so high.....

[tsmith2] 13/9/2019 09:05

LOIM May simply have been pruning their holding

[gisjob2] 13/9/2019 09:04

Flawless,

This is where you're getting confused. Nobody has said they're betting against an oil find. But the COS is less than it was. The pond example is wrong because the the upper sands that hold the oil can vary in thickness and quality.

It's not about denying there is some oil, it's about whether the next hole will be successful.

The pilot well and the explanation in the video just creates some doubt.

[muddyfox0151] 13/9/2019 08:56

Thought the last post was your last one lol

[muddyfox0151] 13/9/2019 08:53

So would you bet,100GBP

[flawlesskicks] 13/9/2019 08:51

Look, the find was originally made by Dana in 2013. It was 3D mapped and flow tested with pressure readings giving oil in place for contingent and proved resources.

You are now talking about COS on a drill that is already PROVED to have oil reserves!

Think of a pond. If you stuck a straw in the middle of the pond, you would find water. The further out from the middle you venture, the more chance that you will hit the edge of the pond and not find oil.

Last drill was a pilot hole to test the outer edge of the pond and missed. We don't know the EXACT shape of the pond as it may undulate at the edges in and out. However, we do know the oil volume in the pond as this has already been tested.

Betting against an oil find on the next drill is just stupid as this is already a TESTED discovery in 2013!