I3 Energy Share Discussion Threads

[flawlesskicks] 21/9/2019 07:45

We are drilling Serenity... Ahhhh, oh no, everybody panic! Seriously? What a stupid market at the moment.I thought everyone was invested at 56p last week for the Serenity and A3 drills?

[flawlesskicks] 21/9/2019 07:38

I'm trying to show the potential on a strike. That is why we are all here isn't it? Because we want to see the company strike oil?If we didn't thing there was a good chance, we wouldn't be here! While we wait, we will need to sit on the roller-coaster. Up, down, up, down as speculation continues.It won't make any difference in the end. Either there is oil down in Serenity or there isn't. The drill bit will decide and shorts and longs will have to face the result either way. It's a gamble but I would say 15p if it's s miss and £1.40+ if a success. Good RR from here.

[divmad] 21/9/2019 07:33

He isn't. He is trying to show you the scale of the upside on a success case, with a mid case 197mm STOIIP at Serenity.

[gisjob2] 21/9/2019 07:25

Forget broker targets, if you base investment decisions on those you'll end up out of pocket.

They're barely ever right !

[flawlesskicks] 21/9/2019 07:24

Personally, Serenity looked the most interesting prospect! I'm glad they are drilling it next. The buildup to spud starts next week!

[flawlesskicks] 21/9/2019 07:20

Broker target is £2.76 on success at Serenity. I think possibly £1.40? From 23p that's a fantastic bet! Oil can be very challenging to hold during drilling campaigns with all the positive and negative. Just look at matd or jog recently! I3e has very few shares in circulation and this makes for even more of a roller-coaster.Personally, the only thing that will count here is the results at the next two Wells. If either of them come in, the future of the company is secure. There is risk but huge rewards from this level. The plan is out there and those who didn't like it sold down on Friday. Should be a good week next week as bottom feeders enter the market.

[gisjob2] 21/9/2019 07:15

There is no way this will be £2 even if serenity is successful. What you think it's worth and what the market prices it at are 2 different things. To expect this to rise 8-fold on 1 drill result is bonkers.

[flawlesskicks] 21/9/2019 07:05

Rig more than likely will start moving end of next week. Permitting is part of the process for moving the rig. It doesn't take long. Success case at Serenity is £2 share price. Well worth being in from this level. I'm pencilling in 4th October for spud.. Possibly slightly earlier.Then a four week wait for results at Serenity. We all know the risks but we also know the rewards!

[shorterofdoom] 21/9/2019 06:46

All Tickety boo at i3. The cash burning machine sat in the North Sea doing nothing except burning cash. It’s not even drilling for dirty water. 2.5 weeks until a rig move at the earliest, then 41 days to drill S1. Scandalous

[shorterofdoom] 21/9/2019 06:40

So the well will take 4 weeks cough cough 41 days and they are sat waiting for a permit with the earliest start date to relocate being the 7th October according to the permit.

Tickety tock the clock of doom is ticking

[shorterofdoom] 21/9/2019 06:39

The rig is on standby just sat waiting on on permits. They rig has been down manned.

“Permitting for the SA-01 well is underway and mobilisation operations will commence as soon as the consent to locate permit is obtained from the regulatory authorities. The rig has been down-manned to minimise standby costs. Once drilling begins, the well is expected to take approximately four weeks.”

[flawlesskicks] 21/9/2019 06:25

It wasn't the plan. I think they want to stay on track with the campaign to get all three Wells drilled while the rig ix in service. The pilot drill was a vertical drill, not horizontal as will be the case with the producers next year. They now have the info they need from the VSP and they will integrate it into their model fof the next drill.Best thing to do is to drill serenity at this point. Great chance of success and huge upside for the company and shareholders on a success case. Then we move to A3 with the new data.Crazy thing is we all thought this is what would happen yet the traders and mms had a field day yesterday! What exactly was the market expecting here? Anyway, now we move on to the good bit. Vnext week we prepare to move to serenity and spud probably the week after on around 4th Oct. We may run over slightly but we have contingency money plus the money that we didn't need to give Baker Hughes... £3million that was so together it gives us an extra 10 days or so.They have obviously now done their planning to get everything over the line in time.

[costax1654x] 21/9/2019 05:49

I mean.....why?

[costax1654x] 21/9/2019 05:48

Surprising.....but ...they don't bother to do a side drilling????If it was so close,instead....we waiting ...a week for S1 permits

[flawlesskicks] 21/9/2019 05:12

Muddy... Not such a bad gamble from this point though. 10p is 50% loss ish or 5 bag on 70% cos well. I think the share price will recover well before the drill gets to depth so I personally don't think 10p is on the cards. Possibly 15p from this massively oversold level. I'm staying in until we get to the end of the drilling campaign. A lot of rubbish being posted at the moment. Go back over the presentations to get a proper view of what is coming up.Serenity is a very exciting drill and is up next. For those who can hold their nerve, there are big rewards on a positive outcome there.

[muddyfox0151] 21/9/2019 00:46

Shirley who knows , volatility now .. Big gamble now 10p or 1pound

[shirley83] 21/9/2019 00:22

What is the bottom here.. Sub 20?

[shirley83] 21/9/2019 00:21

What is the bottom here.. Sub 20?

[lamanai] 20/9/2019 22:02

Loads of posters carrying short term bets on this going lower. Maybe it will, maybe it won't. None of these posters will actually determine the direction of the share price. That will be the the IIs, who I suspect will make some money on today's weakness.

[costax1654x] 20/9/2019 21:08

Going to repeat myself,If S1 finds oil,kaboom,back to 60p,if duster is 2p.