I3 Energy Share Discussion Threads

[showme01] 22/5/2018 08:48

Get in there. This will be a huge day today and even bigger tomorrow. No doubt in my mind that i3e will be on that list!!! Re rate is on :-)

[scotty666] 22/5/2018 08:47

Yep just tweeted they will be tomorrow

[ducati2345] 22/5/2018 08:43

Will be tomorrow now.

[ducati2345] 22/5/2018 08:13

Its definitely this week ,100% guaranteed or I will eat my hat, and I love my hat.
I have it from highest authority .

[chopsy] 21/5/2018 22:30

Still another 5 weeks of Q2 to go. But the environmental report has been published. Then we had that bizzare tweet....

[chopsy] 21/5/2018 22:29

PQ1. When will awards be announced in the 30th Offshore Licensing Round?

PA2. Decisions are expected to be made in Q2 2018. However, this will depend in part on how many applications we receive and progress on other processes that have to be gone through including environmental clearances.

[euclid5] 21/5/2018 21:33

Top oil exporter Saudi Arabia would be happy to see crude rise to $80 or even $100 a barrel, three industry sources said, a sign Riyadh will seek no changes to an OPEC supply-cutting deal even though the agreement’s original target is within sight.

The Organization of the Petroleum Exporting Countries, Russia and several other producers began to reduce supply in January 2017 in an attempt to erase a glut. They have extended the pact until December 2018 and meet in June to review policy.

OPEC is closing in on the original target of the pact — reducing industrialized nations’ oil inventories to their five-year average. There is no indication yet, however, that Saudi Arabia or its allies want to wind down the supply cut.

[chopsy] 21/5/2018 21:30

When are the OGA going to announce???

[mr. t] 21/5/2018 21:22

A good thing with i3e is liberator's production is heavily weighted to the next 2 or 3 years, so we should capture the benefit of short to medium term oil price increases. Less risky for investors too, if you know your investment is paid back quick and you're less susceptible to long term prices.All great news for i3e getting a good funding deal.

[fardels bear] 21/5/2018 20:55

Oh yes, oil bull is starting... Fill yer boots.. Er, hang on, I'm not in yet.. SELL!

[2prsimo] 21/5/2018 20:48

No two ways about it - oil companies are the place to be for the next year to eighteen months; at the very least.

[euclid5] 21/5/2018 19:29

Have to see what price the CPR used per boe when they calculated the NPV value

You can't re calculate NPV values based on daily price of oil, they use a medium long term price of oil - but agree, oil is much higher than Nov 2017 when they released that NPV of $328m

However, in 6 months time oil could also drop in value, but they will again use a long term expected value per boe to re calculate the NPV, rather then the daily close on a specific day.

They have the post tax as $200m / £148m (fx rate 1.35) x 67% wi = £99m / 37m shs = 268p

Below is the part they have used for the pricing: - we are already priced at above 2022's price they have used.

"Calculated using Sproule's Q3 2017 Brent price assumption of 2018 $53.50/bbl, 2019 $57.00/bbl, 2020 $67.00/bbl, 2021 $72.00/bbl, 2022 $75.00/bbl, +2% inflation from 2023"

Like this part of the rns:

The Liberator field is planned to be developed via 2 horizontal producers in Phase I, targeting the Main and Northwest culminations of the Phase I area.

A separate potential future Phase II plan is contemplated and may include further development wells, yet these potential reserves are not reported within the RR. (Reserve Report)
__ ____________________________________ ______________________________________

Wonder if they have paid for the below already, if not would expect a delay!


Critical equipment has been successfully contracted for i3's 2018 development programme. Importantly, two subsea trees and wellheads have been ordered for May and August 2018 delivery, which supports the Company's aspiration to bring two wells into production under Liberator's Phase I plan subject to raising the necessary finance.


i3 continues to source and align other key equipment and services, with drilling targeted to commence during the first half of 2018.

[momentum1] 21/5/2018 17:55

Closer to £3.75. Just shows the massive disconnect between current and potential

[showme01] 21/5/2018 16:24

Those figures can't be used now. Oil is $30 per barrel higher. All profit on top!

[euclid5] 21/5/2018 16:22

The NPV is $328m / £242m x 67% wi = £163m / 37m shs = 4.40p Post Tax

4.40 x 60% = 264p (assuming net of tax is 60% of post tax )

[a2584728] 21/5/2018 16:16

So many buys to so few sells

[momentum1] 21/5/2018 15:40

Second go at breaking all time high. Should break straight through

[momentum1] 21/5/2018 15:31

News galore here. Great time to be invested. Once 82p breaks I'm expecting this to run quite quickly to £1+

[mr. t] 21/5/2018 15:03

craffert, great point. GH strongly referred to the tax opportunity in September. Liberator’s post tax npv is 60% of its pre tax npv, so the tax saving opportunity is substantial.

[craffert] 21/5/2018 14:38

Don't forget we also need G Heath to do a smart deal to protect the pre tax cash flows. There is such a lot of pent up delayed company maker newsflow to come here.

[showme01] 21/5/2018 14:25

Euclid , no worries. From speaking to GH, that is the plan. Can't blame him with oil prices where they are and the plans when oil was $50 to now nearer $80, these oil businesses need to flex to gain from upturns etc.

[euclid5] 21/5/2018 14:02

Thanks for your feedback showme

Just a shame we have to wait until the yannounce 2nd LR news first before the confirmed funding package & the next move on L1 well

Would be well received if they drill both L1 & L2 at the same time frame

[showme01] 21/5/2018 13:47

Euclid, the whole drilling programme is likely to charge for Liberator. With $200m funding package is designed to do back to back drilling in Liberator so even a slight delay will be well received if we are drilling from 2 or 3 rather than one well first, and revenue from one well will fund the second.