I3 Energy Share Discussion Threads

[flawlesskicks] 20/9/2019 16:50

Agreed. Just bashing my head into a wall here. I will leave them to it and not post for a while. I've only got £10k in here - not a fortune but I do believe in the upside and will remain invested for both of the upcoming drills.

[gisjob2] 20/9/2019 16:49

Divmad,

Agreed, let the drill bit do the talking

[divmad] 20/9/2019 16:47

It's no use, flawless. Opinions are entrenched on both sides. Only the drill bit will determine who is right and who is wrong. All I can say is that, based on known information from i3e, and we know they can be wrong now, the Serenity prospect is more than a pre exploratory well of some significance. It is an appraisal well, 1km away from the known Tain deposit, very likely sharing the same geological characteristics. Success here will lead to a dramatic re rating that the current bears will not be able to live with, such is the potential upside risk for the current valuation. A potential humongous price to value mismatch coming up. For their sakes, I hope they have their exit strategies fully lined up and operational before the end of October.

[gisjob2] 20/9/2019 16:43

Flawless,

The management knowingly drilled the first well without the latest information, panicked and acquired it after a duster first well but not in time to drill the second and do not commit to re-locating the third well if this corrected information shows it should. If that can still be drilled in time.

Doesn't sound a very sensible company to me !

[gaffer73] 20/9/2019 16:40

Flip would be 91.2, which I'd be very happy with.

[flawlesskicks] 20/9/2019 16:39

I give up - have fun trying to convince people to sell. I'm staying put for the next two drills.

[flawlesskicks] 20/9/2019 16:38

You are calling it a turn based on what? They missed on the pilot drill and are now moving to drilling Serenity while they look at all available data so they can get A3 in the correct location.

This is exactly what any sensible company would do! What is crazy is the lies and manipulation going on by traders to try and spin this in some terrible way.

Serenity looks a great prospect and has been mapped. Now we drill it (as we were going to before) and see if we strike. That's how it works in oil exploration!

The company have said 314million barrels in the latest presentation. That's good enough for me! I'm not going to change my mind because a bunch of traders want to make their Friday night beer money!

[rumobejo] 20/9/2019 16:36

flaw-full, can't believe you asking this basic question

"even if Lombard are selling - so what?"

[rumobejo] 20/9/2019 16:35

21.9p registered today, is this going to flip to 19.2p on Monday? answers on post card, stay humble over the weekend...

[jammydodger1] 20/9/2019 16:32

You must be underwater big time Pmsl

[tournesol] 20/9/2019 16:30

flawless"...Surely they can't be criticised for making the next decision based on the latest info..."That's not what they did. They drilled without using the latest info. Only when the drill missed the target did they buy the latest info. That's closing the stable door after the horse has bolted. And now they are imposing an entirely unnecessary constraint on the processing of that info. so they won't get the most out if it.

[flawlesskicks] 20/9/2019 16:29

rumobejo - even if Lombard are selling - so what? As soon as they are out, there will be a flood of buys and the price will rocket as soon as they are out. If they are not selling and this is just mms creating a massive payday for themselves (my choice) - we should see a strong recovery. A win/win and hopefully a massive win once Serenity is drilled.

[bigsi2] 20/9/2019 16:29

What are the confirmed Reserves in the Liberator main (phase 1) area?2. What is the impact on Liberator East / West?3. What is the impact on RBL / debt funding on Liberator main?I think I am fully aligned with the company view on the above questions– no bleedin idea!For what it is worth, I think it is very likely the 3D seismic interpretation is out in the vertical domain as well as lateral and if so the oil bearing sands expected are largely below the oil water contact – that is at the serious end of the spectrum of the possibilities, but we will see if my opinion is correct. Regardless it is perfectly clear this company has indeterminate assets, if any.I will be interested if the company does go ahead and drill A3 in Liberator East next as planned. This is meant to be an appraisal well of CPR'ed 2C resources but that assumes the 3D interpretation is correct and it would appear this is in serious question. I think the company will drill the Serenity prospect next while someone tries to figure out if Liberator is worthy of any more drilling.Serenity is a wildcat expo drill. There is no drill bit evidence I can see that oil is proven to be at this location and it has no 3rd Party CPR that I know of. So we only have the company estimate of resource size at 197mm barrels and just what is the chance of success? and says who? and on what basis?I note response to question 12 – the company is in constant dialogue with the Institutional shareholders. So that explains the two largest– Miton Group and Lombard Odier TR1's last week detailing very significant holding reductions I assume?Do not forget this drilling program, which is clearly always been expo and appraisal, is all funded by debt.Funnily enough my opinion remains this company is a slam dunk sell – at just about any price currently. That may be an overreaction, but my risked assessment of the enterprise value at the current time at below debt level – perhaps this is a point the Nomad could also see and why no valuation of equity could be made last week?This was a farce last week. Without an RNS tomorrow morning putting properly into the public domain the information issued on Friday to selected shareholders and clarifying the position, my judgement of the situation becomes far worse.

[rumobejo] 20/9/2019 16:27

why dreamer, market about to close in 2 mins, so yeah kiss it goodbye ;)

[jammydodger1] 20/9/2019 16:27

Next week down to 20p and belowPeople will be wondering why didn't I just sell on Friday...........

[divmad] 20/9/2019 16:25

In your dreams you pi$$ artist no hoper.

[flawlesskicks] 20/9/2019 16:10

Here we go - the de-ramp crew are back..lol

[jammydodger1] 20/9/2019 16:09

Friday sell off about to kick off 22p close

[alexios1201] 20/9/2019 16:08

Blake oil field recovery rates are over 50% and extended for longer now so will possibly end up at 60% plusGas lift and aater injectors are doing the perfect job.Water Injector well is in the pipeline for Liberator Phase2 as well

[flawlesskicks] 20/9/2019 16:08

314million barrels then and I quote it because it is on the presentation! Why do you quote 10million - because you are probably short and I am long. What a stupid question! lol

[flawlesskicks] 20/9/2019 16:07

146million recoverable - $22million market cap...hmmmm Very high COS wells. I get the feeling the market is pushing out the small holders to let in the big ones and the spivs! Five weeks to hold your nerve lads!

[gisjob2] 20/9/2019 16:06

So what relevance does 300 million barrels have and why keep quoting it as being relevant to the share price ! be honest and state 146 million. You can't make money from barrels you can't recover

[flawlesskicks] 20/9/2019 16:06

jayrh - Rns next week mate. They will want to run A8 for a while before informing us of flow rates. Let them take their time. Things bubbling away nicely there and will continue to for the next two years!