I3 Energy Share Discussion Threads

[flawlesskicks] 20/9/2019 16:03

I didn't say 300million recoverable - I said 300million barrels.

From January presentation...

Mid-case discovered, contingent and
prospective resources of 314 MMbbls
STOIIP, recoverable of 146 MMbbls

[jayrh] 20/9/2019 16:00

Flaw some mud at casp are they scooping it out with a spoon

[jayrh] 20/9/2019 15:59

Massive buying at mates rates once again who said the markets arent rigged...

[gisjob2] 20/9/2019 15:58

Flawless,

Your argument is flawed, I get my information from the I3E website hxxps://i3.energy/operations/liberator/

I suggest somebody doesn't understand the difference between STOIIP and recoverable barrels. The wider liberator area in the highest case only has recoverable barrels of 234 million which is already less now since the pilot well, and that uses an unrealistic recovery rate of 48%.

The mid case which is more realistic is 80 Million and the low case is 10 million, both of which will be less since the last drill and is for the whole of phase 1 & 2.

You need to go back to the drawing board an do your sums properly. That's why the share price isn't charging ahead. Your unicorn ideas of 300 Million recoverable barrels is higher than the highest case quoted by the company which in itself sets an unrealistic recovery rate of 48%

[flawlesskicks] 20/9/2019 15:56

Great price to get in at! Absolutely no idea why the market had a wobble on that rns - the news was very much expected and we have been talking about it all week!

I can see us going straight back up once things calm down. Serenity could be a company maker!

[flawlesskicks] 20/9/2019 15:55

Muddy - fair play to you. A lot can change in a week in AIM! It was nice and quiet the last few days - then the trolls attack again on the rns. Need to wait for them to move on and we can all get positive and look to the future! Serenity is actually the best play as far as I can see. It looks like really good sand and in a cracking location. Always risks with oil but success from this level would be amazing - could easily 10 bag within a few weeks.

Just need patience and to drown out the noise from today. All looks good to me and I liked the rns! lol

[westmoreland lad] 20/9/2019 15:53

OK , I'm in for half a glass full. Will see what Monday brings for t'other half.

[muddyfox0151] 20/9/2019 15:48

56p happy hold till the fruitful end , they have to pull it off now ! The pressure is on . Lol

[tsmith2] 20/9/2019 15:40

Lets see what the last hr brings.

[flawlesskicks] 20/9/2019 15:35

tsmith2 - probably sellers exhausted. Time for a weekend pint and back to some reality next week. What a stupid reaction to some obvious news! lol

[tsmith2] 20/9/2019 15:31

10 mins not a single trade, what's happened? World ended?

[flawlesskicks] 20/9/2019 15:31

Same here! I don't buy that we are worth $22million with 13million barrels already in the bag and now drilling to target several hundred million more!

Big spike up from this level is on the cards at some point. No idea when. I had to wait six months for CASP to spike 100% in a day - I doubt it will take that long here...lol

[bobaxe1] 20/9/2019 15:31

Yep good news lands and you won't get back in at these levels

[muddyfox0151] 20/9/2019 15:21

Holding to the end lol

[flawlesskicks] 20/9/2019 15:20

jayrh - It's a speculative bet but a good one. You have to expect the noise when you are in a share like this. It isn't like CASP! lol Exciting stuff and if the next well comes in, very rewarding too!

[tsmith2] 20/9/2019 15:17

Defo think we've seen capitulation today. Decent news - shares down on big volume

[jayrh] 20/9/2019 15:17

Just 6k not much but enough

[tsmith2] 20/9/2019 15:16

We'll see commentary on the seismics too during that time

[tsmith2] 20/9/2019 15:12

Because he's seen into the future

[flawlesskicks] 20/9/2019 15:09

Why does it look likely...lol Just pure scaremongering. Damage is done, buy back in for the drill. Next news is rig moving and spud. Then four weeks of excitement before the result!