I3 Energy Share Discussion Threads

[shorterofdoom] 30/10/2019 11:43

why would want to buy it at those prices? I3 need cash not RRE. If RRE were to bid it would be for peanuts

[shorterofdoom] 30/10/2019 11:42

Totally detached. It’s shouldn’t be above 10p. Zero value in this uncommercial POS

[hairballradical] 30/10/2019 11:40

The price action on here is now completely detached from the value of the business.

There is now way in the world that this should be valued at this level (£36m) based on assets. With 190m barrels at Serenity, adjacent to existing proven resources, and assuming 50% recovery should value this at around £400m.

A fire sale of these resources to RRE would be worth £100-150m which is 3x the current business value. And that with no value taken for Liberator fields. It just beggars belief.

[tsmith2] 30/10/2019 11:29

Couple of meaningful top ups.

[tsmith2] 30/10/2019 11:28

*early December

[che7win] 30/10/2019 11:27

Anley, Spudding next week, result in December expected.

[anley] 30/10/2019 11:26

Will I3E be aiming to drill its third appraisal well of its current campaign, once again at Liberator, by the end of December?

[bobaxe1] 30/10/2019 11:23

Yes I've just had another nibble. Well done i3e!

[che7win] 30/10/2019 11:19

Also worth mentioning that Brent has been trending up from the summer time, whilst Shale oil funding has dried up as it’s been unprofitable for the last 10 years.

100m barrels of oil needed by world each day....and 5% of oil production declines per year.

A positive supply crunch due to lack of investment at some stage...meanwhile oil demand rising ~1m barrels per year.

[shorterofdoom] 30/10/2019 11:17

Shareholders in dispare. Sheer panic. Questions why the share price hasn’t risen. Because it’s a dog and it will be beaten back down. Increased my short this morning. Red flags galore everywhere on this POS

[che7win] 30/10/2019 11:16

There are the larger sells triggered on the drop at 36p now showing.MMs enjoying selling them on now at 10% profits....

[shorterofdoom] 30/10/2019 11:15

Oil price tanking. I3 price tanking. Doom and gloom everywhere.

[che7win] 30/10/2019 11:13

The risk reward is certainly not reflective of those that have held this long term.There should not have been opportunity for others to buy in after Serenity success below 60p.I'm most surprised by the reaction so far, as it's clear are management.

[che7win] 30/10/2019 11:12

Next well success triggers senior debt funding...share price will not be below triple figures at that point....could be in as little as 6 weeks imho.It unlocks our production next year.....between then and now we are vulnerable to a cheap takeover approach.

[begorrah88] 30/10/2019 11:07

Post of the day D1NGA!

[spawny100] 30/10/2019 10:59

Filtered shorter

[shorterofdoom] 30/10/2019 10:58

Beware of the rampers. The clock of dooms is ticking. No time for L2 result and entering loaning December. Junior lenders knocking on three door haha

[shorterofdoom] 30/10/2019 10:56

Another down day. Rampers and their tales of false riches never happened. The share price is being decimated. Sub 10p soon

[che7win] 30/10/2019 10:46

Remember - next well 90% success triggers SDF and that gives $100m to I3E to drill production Wells next year.No additional funding or dilution required.Do not listen to anyone but the company.

[che7win] 30/10/2019 10:39

Hoovering up a few stops.
Letting shortens out
Those missing the boat put some negativity out.

Watch this recover quickly now.

Management said in proactive article share price too cheap and they expect it to trend up.
Dolphin happy to take shares at 56p
RRE now got us on their radar.

I3E at conference tomorrow, great opportunity to add.
They are in talks with senior lenders.

Looking great from where I’m standing.

[che7win] 30/10/2019 10:30

Yep, someone is wanting in, so a bit of deramping going on...Bargain opportunity

[puffet] 30/10/2019 10:30

Fill your boots at 36p.

[zen12] 30/10/2019 10:29

Last chance at these levels?