I3 Energy Share Discussion Threads

[shorterofdoom] 20/9/2019 13:10

Sellers dumping the POS. It’s game over. share price tanks, lower placing with endless warrants before S1 duster, then game over. Another AIM darling gone to the ground after years of senseless ramping

[jammydodger1] 20/9/2019 13:09

Ticks up then falls down more then up then more down Why people buying now when Lombard are selling out more and more the price will drop more and moreSome willBe closing their positions at a loss before 4.30Under 20p is where this is heading

[ileeman] 20/9/2019 13:06

Seller is dumping hard at the moment, no matter the buy volume just getting ticked down. Looked like Lombard stopped so hard to gauge who it is.

Should get a better picture over coming days.

[flawlesskicks] 20/9/2019 13:06

I don't agree with that. They have said that Serenity is not affected by Liberator and so it make sense to drill that first. They are drilling right in the middle of the prospect so I have no issues with them going ahead with that one.

We were all talking about them doing this for the past few days and saying how sensible it would be! Now they are doing it everyone has a problem. Fickle investors and traders imo.

[jammydodger1] 20/9/2019 13:04

Meaning it's falling lower soon 20p folks hold on

[sbb1x] 20/9/2019 13:03

Bid and ask both at 24p ?

[nametrade] 20/9/2019 13:02

Flawless,
The facts are that the seismic was off for the pilot drill.
Therefore all the drill locations are in question.
The Serenity prospect exploration drill is going ahead even though everyone knows that the drill site has to be in question for best possible chance of success. How can it not be?
Today's RNS shows they are really unsure re A3 and are sacrificing Serenity to give time to evaluate.

Edit, I should say seismic interpretation is off.

[flawlesskicks] 20/9/2019 13:02

There will always be posters ready to pounce on anything they say. Do you really think these people are here to help others? They are here because they smell blood and want to feed the fear to get a lower entry.

It has nothing to do with the chance of Serenity coming in with a result. That is at around 70% as stated and we are probably 5 weeks away from knowing.

Obviously, the traders will have a field day up and down until then.

[russiaguru] 20/9/2019 13:00

I3e becomes a matd

[ileeman] 20/9/2019 13:00

Well it looked good until a seller started reloading on the book again.

Just a waiting game until they clear.

[gisjob2] 20/9/2019 12:56

But they haven't even said they would consider re-location to suit the better data, They don't need to understand it at this point, just state that it may have an impact on the 3rd drill location. Clarity is all that's needed, it has nothing to do with sowing the seeds of fear. If the RNS was clear that would be impossible. Fear is of the unknown.

[flawlesskicks] 20/9/2019 12:51

They need a lot more time than 4 days to look at the data! They can't say anything until everything has been looked at obviously! People expecting too much.

Now they have over a month to look over everything and pick the best spot for A3. What is ACTUALLY going on here is that lots of people are spreading the seeds of fear while buying up shares cheaply. That unfortunately is what happens and some investors fall for it and sell up.

Lots of in-depth analysis on here by total random people who claim to know more than the company.

I will wait for the results of Serenity and then see where they are going to place A3.

[nametrade] 20/9/2019 12:50

Cash,

Thanks..

[gisjob2] 20/9/2019 12:47

Flawless,

It did matter what the company said today, they could have been clear and decisive with the RNS, they chose to be very careful with the wording to cause confusion.

The RNS could have easily stated whether the updated data could result in the 3rd drill location being relocated to suit. The chose to avoid this clarity.

[mustafa15a] 20/9/2019 12:45

Topped up!!!

[saw89] 20/9/2019 12:43

Serenity shouldn’t even have been on the agenda this year, focus should have been first oil from liberator. 20k bopd is the real prize, not another duster...,

Greed and incompetence

[rnstranslator] 20/9/2019 12:41

Serenity..it's separated from Tain by a fault, and according to some folks who've mapped it, it doesn't close to the west. It has an amplitude response...so what!..Tain doesn't and it has oil. Who ever said this was 70% cos is deluded. They're having to drill this now because quite simply they misinterpreted the seismic data and this has now meant that the West Liberator area mapping is now wrong.Look at their own presentation (Q4 update) first slide of the appendix.Seismic line runs through the 8 discovery, the recent 9 well was drilled just to the left of it on the bump. The yellow pick is their interpretation of the top of the reservoir. Obviously in the 8 well they know where it is and it has a few feet of gas and 20ft of oil at the top. The 9 well has now shown that this reflector is no longer sand at that location...as they had originally proposed.The "lower sand " is below the OWC as it was in 8.Keep following the yellow line to the left and it runs into "phase 2"...they now know that this reflector is not necessarily the top reservoir so the unpleasant truth is that Phase 2 may not exist (certainly not as currently mapped above the oil water contact, and potentially not at all). This explains why they had to drill Serenity next (unconnected to Liberator) and get the new seismic for Liberator...don't be surprised to see the rig let go after Serenity...they really didn't understand what they were mapping at Liberator...some folks will not like to hear this, but that's why this was never seen as a development by anyone other than i3, and some technically inexperienced investors.

[tsmith2] 20/9/2019 12:36

A v Sensible post

[flawlesskicks] 20/9/2019 12:35

What really annoys me is that it doesn't really matter what was said today by the management - the Traders would have jumped on them whatever they did. I'm sure they will be taking positions over the coming days for the Serenity drill.

I'm a buyer at this crazy level! Shame some people are being scared out of their positions on a well we were going to drill anyway and that isn't even linked to Liberator!

[cashandcard] 20/9/2019 12:34

nametrade,


From memory, Equinor already had the option for a sidetrack from the outset. LA-03 is pure exploration.


Cash

[gisjob2] 20/9/2019 12:34

Saw89,

But we haven't seen any progress on Liberator either. They missed the target completely and we haven't seen any data yet. With the spinning that's going on at the moment I'm not sure anything they will say about the Liberator data going forward can be taken as accurate anyway. They're clowns

Today's RNS was extremely carefully worded to confuse. Clarity is needed.

[russiaguru] 20/9/2019 12:33

Didn't they purchase the same data last year, sl all there own analysis has been wasted.

Serenity still has some promise although was it ever mentioned before I3e org started.