I3 Energy Share Discussion Threads

[gisjob2] 21/9/2019 13:33

Flawless,

Post 12578

'Success case at Serenity is £2 share price.'

Seems like you did state £2 !

23p to £2 is an 8-fold + rise not 400% and won't happen on 1 serenity well success

[flawlesskicks] 21/9/2019 13:08

Tony... I make it around £8million contingency in total allowing for 20 extra days. Permit will be in this week. It is standard to apply for this permit just before moving the rig.Serenity is what matters at the moment and a positive result there. Everything else is just speculation on a future result none of us can know!

[flawlesskicks] 21/9/2019 13:05

You said the same on casp and it went up 300% within a few weeks. Your view is based on nothing. Just looking at the chart but no consideration of the drills coming up or value the may contain.What research have you done? Same as on casp I guess. You looked at the chart, saw it was going down so told everyone it was going down more. But it went up 300% lol

[flawlesskicks] 21/9/2019 13:01

I'm not claiming £2...thats roughly the broker target... I'm claiming half of that to be on the Conservative side.

[gisjob2] 21/9/2019 12:57

Flawless,

'Oil exploration is always a punt but where else can you make 400% in a day '

23p to the £2 you claim on serenity success is not 400%

[tonynorstrom1] 21/9/2019 12:57

Flawlesskicks,

1) missed the channel = duster. Bottom line is that result was below expectation.

2) I think we agree lower reserves

3) Behind program -we don’t have the permits yet so it could be significantly more than a few days. I think we all understand that a project can have delays and that contingency planning is normal but to not have a permit just seems like very poor planning. As far as costs go - I think most people understand that significant costs are wrapped up in the equipment - sending the tea boy and toilet cleaner home for the week is not likely to save significant costs as someone has already pointed out to you.

[flawlesskicks] 21/9/2019 12:46

How did your short on casp work out for you... Lol

[flawlesskicks] 21/9/2019 12:21

1)They drilled a pilot well that was on the edge of the field and missed.
2)I have already stated that estimated reserves are lower by about 6million barrels out of about 24million barrels in phase 1 (they did a vertical pilot hole rather than a horizontal appraisal well .
3)They are not behind by more than a few days - also talked about if you read my comments. Every drilling campaign will have contingency funds and they also have Baker Hughes £3million and reduced staffing costs over the coming week - around £8million to increase number of days imo.

Wait for BBN on lse to put it more eloquently tomorrow. It is easy to follow the trolls and not question them or their logic. Far harder to 'hold your nerve' as the company put it and stick to the fact that we have two great prospects to drill over the coming couple of months with material upside for share holders if we strike!

There are two sides here and I represent the positive. I imagine there are many who have sold out at a loss and now desperately want the company to do badly so they can justify their exit before the drills even take place!

[muddyfox0151] 21/9/2019 12:15

Guess you didn't stay for the party Tony ?

[tonynorstrom1] 21/9/2019 12:08

Flawless kicks,

You are very quick to call out the derampers / shortest but it very clear that you look at events through rose tinted glasses. You state above that nothing has changed since the shares were 56p. This is clearly incorrect:

1) they’ve drilled a duster
2) estimated reserves are now lower
3) they are behind program and are waiting for a drilling permit.

[flawlesskicks] 21/9/2019 11:54

That's just how I am. I had to do this all of last winter when casp fell to 4p. Had all the same trolls and Shorters to deal with. In the end, they were wrong and I was right and I'm now looking to make £1million over there over the next year or so. 30p is my short term target there.

Yes, this is my higher risk punt but it's a great punt and very exciting over the coming weeks.

[saw89] 21/9/2019 11:44

Flawless, you’re giving us the impression you’re all-in on this based on the relentless defensiveness you have. :-)

[flawlesskicks] 21/9/2019 11:43

Serenity is not linked to Liberator and a success case is £2. L2 was only targeting about 8million barrels of around 24million barrels in phase 1. As management have clearly stated, this will now be reduced to around 2million + barrels. Could be more but probably not less. The remaining 15million + barrels for phase 1 are still there but further to the west. We need to let them get on and analyse the data they have and plan the next drill location for A3. While they do this, we drill Serenity and hopefully hit the jackpot.Oil exploration is always a punt but where else can you make 400% in a day if it goes your way? I've made a lot of money calling it right in oil. I'm comfortable in this area and have patience to see things through.I don't let trolls influence my decisions. Serenity is a very exciting drill for me and is the one I am most interested in being so close to Tain and being such a thick sand deposit.

[showmethemoneyhoney01] 21/9/2019 11:36

Flawless. How can you say that. What has completely been removed is the ability to generate an income from Liberator. That is when it was 56p. It is where it is due to the implications in missing oil targets with L2 and it is now back to the drawing board regarding Liberator. Good luck with CASP, I've got a few but please let's stick to the facts. You have put £10k in for punt. That is what this now is, hence the market cap.

[flawlesskicks] 21/9/2019 11:29

Muddy... If everyone is de ramping and saying teens and the mood is totally negative - you watch this rise next week. Mms might quickly knock it back on Monday morning but I see a rise back up to 26p next week.It is a risk but it always was! The Wells were exactly the same bet when the price was 56p. Nothing has been moved apart from the share price... Lol.I'm happy with the risk/reward. Even if we do clip 20p before rising back up.. I don't mind. The drill will do the talking. I'm in for £10k and looking for £40k return on positive result. If it goes horribly wrong, I will lose around £7k but considering that I am around £150k up on casp so far this year, I can deal with that. Casp imo is going to fly this week on positive A8 result so I will have even more profit.By the way, bulletant came on casp with exactly the same stupid one liner just before it went up 50%. He doesn't have a clue and neither do the other Shorters!Let the drill do the talking.

[muddyfox0151] 21/9/2019 11:19

All off a sudden , the derampers , want to take a risk lol

[saw89] 21/9/2019 11:15

This will hit the teens you wait and see.

The market is very cautious with drills lately and rightly so. AIM has a scary list of failures.

I would be prepared to buy a small amount at 10-15p for the binary bet of Serenity. A duster and this is will be trading at 5p because of the funding position being so fragile.

Gamble safely folks.