I3 Energy Share Discussion Threads

[shorterofdoom] 20/9/2019 20:59

Haha hold your nerve whilst the ship goes down ffs. They have stood the drill crew down and will just sit there for weeks waiting for a permit. Roll on i4 so they can have another shot because i3 is going down the pan. share price in Single figures soon, then massive massive placing and confetti warrants

[buffythebuffoon] 20/9/2019 20:43

Management 1/10

Asset 7/10

Hold your nose and your nerve.

Buffy

[shorterofdoom] 20/9/2019 20:29

Tickety tock, eeehor eeehor, it’s Dominic the donkey , Tickety tock, eeehor eeehor the clock of doom is ticking. Tickety tock, eeehor eeehor the placing is looming

[bullet ant] 20/9/2019 20:09

Look at the chart, from previous crash the share price continues to go down down and then a lot more down for weeks.




BA
Stealing is Good

[muddyfox0151] 20/9/2019 19:20

A week extra maybe , rig not booked till January

[highly geared] 20/9/2019 19:19

As a holder of 18 months and severely under water, the perception of the market is that the Management won’t deliver. Presumption that JV/ farm in didn’t happen has been reinforced by the outcome of the pilot drill, regardless of the facts. Their entire interpretation of the seismic/ geology is being called into question and the risk factors, based on the pilot well, are now perceived high.

Therefore, the market is risk off /sell down on the basis of likely failure of the other 2 drills.

Management have a lot in this , so it’s in their interests for this to be a success.
Personally, if we see 60p again and I can get out at break even then that will do. Execution of the business case over the last 18 months has been poor. It’s almost become ; “ you couldn’t make it up but...”

[shorterofdoom] 20/9/2019 19:07

Well well we’ll. or only 2 wells for i3. Earliest date for rig positioning at S1 is 7th October. The timeline is well and truly blown. Disaster for shareholders. You should start an action group. S1 will take it right up to the limit of the charter. A3 will not happen 100% without another placing 100%

[bigsi2] 20/9/2019 17:40

Bulls or Bears - look to the market reaction and reaction of major (informed) shareholders - bailing.Clearly now seen as uninvestable for good reason.

[shorterofdoom] 20/9/2019 17:30

What the rampers want people to believe is that i3 are drilling 3 wells. That’s nonsense. The rig is hired for 94 day whist starts in Norway and ends in Norway. The next Well, now S1 will also take at least 40 days. They have to place to raise funds to drill a 3rd well. So they will produce some rampy map on this new improved hahaha seismic then place in to the rise before S1 results. Since it’s going to be a duster, they will never get a placing away after S1. Will be at least 50% discount to share price will endless warrants. The company is dead. Any cash left over with be windled away on directors salaries. Hundreds of thousands a year in salary each for delivering some dirty water and dreams based on fabricated oil models.

[shorterofdoom] 20/9/2019 17:25

Total wildcat, always was. Their model is useless and S1 is more that likely going to be a duster than not. CoS is nowhere near 70% now L2 failed. The whole modelling data is in tatters. If you’re in the market for some dirty water, then i3 is the supplier you need. If you want oil, you should try Repsol next door hahaha

[gisjob2] 20/9/2019 17:18

I see it as a gamble on Serenity now.

Management are awful but still a chance of a drilling success (even a stopped clock is right twice a day).

Heads or tails, a decent price increase if successful, near to wipe out if not.

[greyingsurfer] 20/9/2019 17:16

This is exactly what any sensible company would do!

Yes, given where they are. But why did they not buy, and analyse the avaiable seismic befrore drilling Lpt2?

[caters] 20/9/2019 17:08

Liberator will never be drilled for production.

Serenity is just a throw of the dice.

A lot of industry specialists have had their pants pulled down here.

Anyone holding equity now has to recognise that they are gambling on a good outcome from Serenity.

IMO

[caters] 20/9/2019 17:04

It looks like GH was bare faced lying when he said that the Major hadn’t pulled out of the prospective JV for any reasons related to the field.

[gisjob2] 20/9/2019 17:00

Uncontrolled ramping helps nobody ! A sense of proportion might help.