I3 Energy Share Discussion Threads

[euclid5] 10/11/2017 14:43

They will require $58m / £44m in funding by 1Q18 assuming UK licence is awarded - which I believe it will get

[euclid5] 10/11/2017 14:40

HPotter,

$13m / £10m is dilution which ever way you cut the mustard. Unless it is RDL - Reserve Debt Lending - which they may not get on the other asset they are buying soon.

Surprised they haven't raised all the $25m on this basis - but have 50% so far.

Agree excellent assets & NPV values - however by 1Q18 they will need a minimum of $25m
Then if they get the other asset in 1Q18 from their presentation they will require another $33m / £25m.

Will buy in once the funding for Liberator is known - because like it or not it will be below the current sare price

[basem1] 09/11/2017 20:30

True bid was 33p at the close. Which is a relief. ( dummy trade )

[duckdown] 09/11/2017 20:14

I suspect the herd will arrive next year, so a bit of time to accumulate before then.

[basem1] 09/11/2017 16:13

Weird stock, it's behaving like the market makers have too much stock. A 15000 sale and the bid price falls 3.5p. On a nett buying day too.

[basem1] 09/11/2017 15:30

Thanks Zengas.

[zengas] 09/11/2017 15:19

Aware since pre ipo basem but been buying this last few months to build a decent stake. Haven't mentioned it anywhere (can see my posting history). Am on LSE but only there because discussion on Savp was light here. Posts 36 and 79 i fully agree with. It's a compelling one for me.

[basem1] 09/11/2017 14:48

How long have you been aware of I3 Zengas ? The herd haven't arrived yet and I wondered if you'd mentioned the stock on any other boards. I was sort of hoping this one could stay as big a secret as is possible. I am fully loaded ( for me ) and didn't want all the idiots appearing. This one seems a lot more talked about on the LSE board.

[cashandcard] 09/11/2017 14:05

Zengas,


Exactly, line of sight route to first production. The capital required is very achievable with the right backers.


Cash

[zengas] 09/11/2017 13:49

In the scheme of things, not much money needed at all relative to the transformational growth potential. One to definitely tuck away imo.
Circa 10,000 boepd production should throw off significant cash for funding a second project.

[duckdown] 09/11/2017 12:11

I'm in for a few.

Looks to be a bargain at these prices.

[showme01] 09/11/2017 03:56

5chipper. Q1 2018. Funding will be sorted this quarter as per recent company presentation on their website. It's all there :-)

[hpotter] 08/11/2017 21:24

euclid,

$13MM is a small amount of money for a transformational deal. This is not dilution; its accretion.

If you're not comfortable with the company I suggest you invest elsewhere.

[5chipper] 08/11/2017 20:55

When will i3e know if their bid has been successful?

[euclid5] 08/11/2017 20:13

They may be HPotter - but re read the rns - a large investor is backing te $13m funding that they will require for this - so that's another £10m they have to raise

"A non-binding indicative proposal has been received from an existing investor to materially support both i3's future fundraising initiatives and up to $13MM of the Company's proposed work commitments for its 30th Licensing Round bid"

[hpotter] 08/11/2017 10:18

They seem very confident of success in the 30th Round. Lets hope their optimism is well founded.

[euclid5] 04/11/2017 21:43

seems they will need $13m / £10m just for the work commitments on the new licence deal they are bidding for:

"A non-binding indicative proposal has been received from an existing investor to materially support both i3's future fundraising initiatives and up to $13MM of the Company's proposed work commitments for its 30th Licensing Round bid"

[5chipper] 04/11/2017 18:31

Well I guess having all those shares at an effective buy price of 27.5p explains the share price fall since IPO. Former GWIK shareholders getting out with their money in tact.

Hopefully, that has created this deep value opportunity allowing newcomers to invest in a business which is currently completely under the proverbial radar!

I3E CEO founded Ithaca Energy, a North Sea oil company, which was recently sold for £500m. Top two at I3E own 50% of the shares. Let's hope thet have bigger plans for I3E over the coming years.

[showme01] 04/11/2017 16:43

The cashflow from the Liberator field will enable the company to support additional projects. Graham Heath did a presentation in Manchester just after the IPO to GWIK shareholders. He said that they could still make a slight profit at $40 per barrel so gross costs are something just below that. Every dollar increase in oil makes a huge difference. The deal done for the Liberator field was when oil prices were nearer $40.

GWIK shareholders got shares at a 50% discount to the IPO price of 55p so with the pull back we got very little discount but IMO this company is grossly undervalued and I have been adding on top of my 60k shares that I received through the investment GWIK made.

There is no such thing as a free lunch but do some research on the directors at i3, research the Liberator field which was valued at $1bn when it was first discovered and oil was at $100 per barrel. i3 only got it as they knew the major that discovered it and they will have lost the licence as they had more pressing issues to address so something was better than nothing.

I think you will find that a bit of research and watch the pro active interviews and this should be a multibagger in the making.

[lw425] 04/11/2017 10:57

Lots of details of the loan notes to be converted in the results.

plus further funding needed.

first glance it looks great but so does IOG but they need further funding hence the drop back from the 32p spike to 22p.

KEFI same sort of play.

No such thing as a free lunch

[ntv] 04/11/2017 09:10

PRS have a stake here through their shareholding GWIK. As i understand it GWIK shareholders were given a stake in I3E and CORA

[5chipper] 04/11/2017 08:03

I have read back the Gwik thread. Seems like gwik shareholders were given shares in i3e at a good discount to the ipo price. Perhaps that explains the sudden drop in i3e post ipo? Also, what is the connection with Cora?

Apologies for all the questions on a weekend! Thanks in advance for any time put to replies.