I3 Energy Share Discussion Threads

[shorterofdoom] 30/9/2019 08:49

Correct. None the less there is no money available after rig payments. Insolvent company at best. Placing ahoy inbound

[alaskin75] 30/9/2019 08:46

@Shorterofdoom I would encourage you to take a good look at those accounts once more.

The £32,092,565 you have quoted, isn’t a liability. It is the total net current assets figure once the liabilities have been deducted.

If you are going to shout so loud then st least make sure you have you facts sewn up.

[russiaguru] 30/9/2019 08:21

Shorter - wel at least they will go out on a blaze of glory drilling.

Well buy some today as still everything to play andcd possibly still enough time for both drills if serenity spud in next 2 daya

[shorterofdoom] 30/9/2019 08:15

These are a typical bunch of AIM con artists. And they will be after your money again very very soon

[jungmana] 30/9/2019 08:10

Stop talking rubbish

[tsmith2] 30/9/2019 07:59

Big up week

[shorterofdoom] 30/9/2019 07:58

As expected utter gutter trash. £1m of spare cash at end June. 94day Rig contract at a cost of $41m or $436,000 per day. Just enough time to complete S1 providing there are no issues then they are out of time. Need to place at least $20m to drill A3 and have a mill or two left to pay salaries

[muddy_40] 30/9/2019 07:54

I think those that sold out Friday incase of something nasty in the interims will buy back today, and with spud imminent, I expect a good week.

[tsmith2] 30/9/2019 07:48

They've handled change of well order superbly well.

[underdog1] 30/9/2019 07:44

Results as expected - now bring on serenity spud!

[shorterofdoom] 30/9/2019 07:36

This set of results gives an excellent snapshot of where the company is. Insolvent plain and simple. Trying to ramp another two wells but only have funds for one well. Cowboys on the fund raise trail again. Bucket shop placings galore

[muddyfox0151] 30/9/2019 07:36

Come back after second drill , your boring everyone here ....

[mustafa15a] 30/9/2019 07:35

You are a clown, you have scared off the amateurs like yourself off this, having read the update I see GREAT THINGS ONLY.... Today your account will be closed.

[shorterofdoom] 30/9/2019 07:32

Absolutely no spare cash at all. Once 94 days is up they have no cash. Massive massive placing inbound before S1 results. Loads and loads of warrants no doubt all at a massive discount. Will vastly increase my short position today

[shorterofdoom] 30/9/2019 07:28

Only £1m spare cash ouch ouch ouch.

Cash at end June 33,161,818 against liabilities I.e rig cost 32,092,565

Ouch ouch ouch

[gaffer73] 30/9/2019 07:27

Sorry, no mention of any placings.

[shorterofdoom] 30/9/2019 07:25

Ouch there you go. Rig day rate $435,000. Yes that 435 thousand US dollars PER DAY. The clock of doom is well and truly ticking away. Huge discount placing inbound

[tsmith2] 30/9/2019 07:21

our POST-drill analysis incorporating data from the well confirms our view that Liberator is a material asset and the Company remains excited about Serenity and Liberator West where the majority of our on-block resources are mapped."

[honestmarty] 30/9/2019 07:20

Serenity about to spud.

As above, Liberator, all still to play for with better targeted well.

[tsmith2] 30/9/2019 07:20

Borgland Dolphin on site at Serenity

[gaffer73] 30/9/2019 07:18

No nasty surprises. Progressing as planned.