I3 Energy Share Discussion Threads

[shorterofdoom] 17/9/2019 19:35

For avoidance of doubt and those of you who are unable to even reading an RNS (let alone understand one) I post the 10th January 2019 RNS from i3 Energy. Please do read, it makes interesting reading if you’re invested and want nightmares.

[flawlesskicks] 17/9/2019 19:34

I'm buying another £5k in the morning. My gift to help burn his short... Lol

[flawlesskicks] 17/9/2019 19:33

They changed their plans as you very well know. This was a pilot drill end of. It was never drilled for production.

[jayrh] 17/9/2019 19:32

I see tw ats minion is back... what a complete tool you are.. keep shorting and get burnt. Gl

[shorterofdoom] 17/9/2019 19:28

Hmm in trouble for what? Regurgitating an RNS hahah bulletin board moron.

Maybe the regulators should look at i3 and their RNS & PR machine, therein lies the source of destruction

[flawlesskicks] 17/9/2019 19:26

I'm not sure you are allowed to blatantly lie about the company like that mate? You could get into serious trouble with fca with the comments you are making. I hope you don't get reported to anyone...

[shorterofdoom] 17/9/2019 19:24

Next you'll Be saying they haven’t misled investors.

The clock of doom ticks louder by the second. No anchor handlers booked. Plug and abandon works ongoing, on what was originally intended as a production well.

Doom and gloom on the outlook, except
For me and my cash lined pockets

[shorterofdoom] 17/9/2019 19:20

So clear as water (not the dirty i3 water)

L2 was always planned as a production well.

This bit stands out, drill and suspend the first production well. Drill and suspend the first production well at L2 hahaha what have these guys been smoking.


They were to use A3 to determine which would be the second production well L4 or L1. I like this but because again it clearly implies above a production well. But produce what? Dirty water, is there even a market for that?

[shorterofdoom] 17/9/2019 19:16

Then my favourite from 10th January 2019

“As previously announced, if successful, the A3 appraisal well is expected to convert a portion of Liberator West's resources into reserves, in addition to determining the placement of the second Phase I production well (either L4 or L1), which would be brought onstream alongside the L2 ”

[shorterofdoom] 17/9/2019 19:14

Also 10th January 2019

“i3 will first drill the A3 appraisal well in Block 13/23c ("Liberator West"), then drill and suspend the first Liberator Phase I production well in Block 13/23d (L2) and complete the campaign by drilling the S1 well into the Serenity prospect.”

[muddyfox0151] 17/9/2019 19:14

Bla blaaaa blaaaa , boring :)

[shorterofdoom] 17/9/2019 19:12

You don’t need to trust what I say, read the RNS. Specifically 10th January 2019

“· Letter of Intent signed for summer 2019 consecutive multi-well drilling campaign ("Rig LOI") across the Liberator field and Serenity prospect which i3 estimates have STOIIPs of 314 and 197 million barrels ("MMbbls") respectively. Subject to funding, the Company will drill:

o The A3 appraisal well in Block 13/23c ("Liberator West") to commence in June 2019, expected to convert Liberator West resources into reserves

o The first Liberator Phase I production well (called L2) in Block 13/23d”

[mpls] 17/9/2019 19:01

Stop spreading misinformation shorter. The last well was not intended to be a production well.

Stop lying.

Can't trust anything you say.

[shorterofdoom] 17/9/2019 18:53

Good luck my dearest friend, may the good force be with you. Fear not, for the odds are stacked against you and clearly bringing me good fortune die to i3 incompetence.

I would like to ask why i3 haven’t finished the P&A like they said they would during the past weekend? Oh because it’s BS and they are on programme as submitted to regulators.

S1 ain’t happening without a significant placing. I bet it’s around 10p, probably less after A3 expels dirty water too. Then it will truly be game over for i3, the one trick pony with no backup

[shorterofdoom] 17/9/2019 18:49

2 shorts on. One spreadbet via spreadex and a short with my advisory broker

[divmad] 17/9/2019 18:45

And I say this will be 50p+ by year end and I will come back and gloat in my glory in your face, saddo, when your prophet of doom mantra comesss up so short.

[mustafa15a] 17/9/2019 18:42

Shorter-what platform are you using to short this?

[shorterofdoom] 17/9/2019 18:32

The company making drill was a duster, dry, nada, zip.

May I refer you to 10th January RNS

“The first Liberator Phase I production well (called L2) in Block 13/23d”

A production well.... hahahahaha are these guys serious? To produce what exactly ???? dirty water?

Could anyone with more than one brain cell please explain how A3 is connected to Liberator East? You know through that fairway on their seismic plan which was a dry hole.

Keeping it real, i3 have more chance producing coal using pit ponies than a drop of oil being sold.

I’ve revised my target down to 0p. Should achieve it by year end, where I will return and gloat in my glory.

It’s not hard to see. A model which suggested a production well comes up with a duster yet the company try to say it doesn’t impact the remains wells. How did they do the seismic etch a sketch?

Amateurish at best

[flawlesskicks] 17/9/2019 17:35

Should have news on rig moving to next spud location shortly. Exciting times ahead! Good luck to all holders as we head for the important company making drills!

[sbb1x] 17/9/2019 16:39

Volume dropped to under 3m, goldfish traders getting bored.....

[shorterofdoom] 17/9/2019 16:23

They have hardly bought anything. Nearly all their shares were free issue at original listing. They don’t want to put cash in this tin pot outfit.

The clock of doom is ticking. Tick, tock, tick, tock.

I thought the company said it would all be wrapped up by the weekend. Loads of BS. As per the official programme issued to the regulators, they are still P&A. Time getting shorter and shorter. S1 more and more unlikely to happen given the 94 day drill contract. Will need to place at a massive discount to keep the rig on for longer.

Based on duration provided to regulators, they will need to find another 27 days worth of drilling. So say circa. $20m at a massive discount to current share price

Tick tock the clock of doom

[hairballradical] 17/9/2019 11:45

Tournesol,

very informative thanks,

HBR

[gaffer73] 17/9/2019 10:57

They don't appear to be buying any more though. That's a worry.