I3 Energy Share Discussion Threads

[shorterofdoom] 03/11/2019 17:45

Fables of all time highs. NEW ALL TIME LOWS will be printed again very soon. Don’t let the rampers draw you in with false promises of riches. Know your enemy for they are underwater and drowning desperate to get out

[muddyfox0151] 03/11/2019 17:21

Panic panic , ok I will take your advice , sell sell , admittedly at a 10% loss ? Fool of doom . Get s life ..

[divmad] 03/11/2019 17:14

Sorry, shorterofdoom. You're finally on my Ignore list. Just one final observation therefore. Your acronym and my action could be summed up in one telling phrase: S-o-d off.

[muddyfox0151] 03/11/2019 17:09

Tick tick Tok , 50+ and so on .....

[shorterofdoom] 03/11/2019 17:07

Desperate shareholders in blind panic. SGRE price tanking on this NON REVENUE GENERATING dog. Massive cash burn. RBL is nothing more than a pipe dream. Board gambling on a success case where the previous well failed miserably. RBL will not be permitted to cover working capital. Massive destructive placing inbound with millions of warrants to wipe out shareholders for board gain. Board will award themselves millions of options as anti dilution. They are not aligned with shareholders. They will destroy the shareholder register

[muddyfox0151] 03/11/2019 17:05

Look at the facts , seriously this is not nailed on but current market share price , sure is a good investment ? I did say previous , a binary punt ? Now a serious investment for those with vision ..........

[tnmrl2] 03/11/2019 16:57

Hey Shorterofdoom, i doing a You Cut and Paste
Early last week I3E had an RNS that it had discovered a decent amount of oil at its Serenity prospect. The previous week, the shares had gone as low as 17p. On the news the share price spiked to 55p on October 29th at the open. Unfortunately its been down hill all the way to the current 37p on fears that the bond funding the current exploration could be called in if the next Liberator well being drilled imminently and results due late November/early December does not come in with the results expected. Because of a problem drill on Liberator in the summer and a delay in mobilising the rig, money has been tighter for I3E than they had hoped.

The company have now combined results from the disappointing Liberator 13/23c-9 well with seismic data to formulate a development programme for the prospect. Phase 1 will target 63 million barrels of oil in place through the drilling of up to four wells with recoverable reserves expected to be 23 million barrels and a phase two exploration programme will target an additional 396 million barrels.

It was reported the company is seeking collaboration with Repsol Sinopec following the discovery at its Serenity prospect in the outer Moray Firth, with estimates of 197million barrels of oil in place.

Serenity is believed to be geologically connected to RSRUK’s Tain project, which it is developing as a tie-back to the Bleo Holm floating production, storage and offloading vessel (FPSO).

That project is expected to be sanctioned in the second half of next year but I3 hopes a new plan for a joint Tain-Serenity scheme can be agreed. I3 chief executive Majid Shafiq said: “The Tain field will have to be unitised. It is connected to Serenity as we believe this shows. We’ll end up in a commercial negotiation with RSRUK so that we can arrange with them how the joint fields can be developed and built up. The OGA are aware of our interpretation of Serenity and that we believe it is connected to Tain, "RSRUK are aware of that and we anticipate that will lead to an unitisation discussion and effectively a joint development of a single field called Tain-Serenity.”;

Mr Shafiq added that there has already been “initial discussions” with RSRUK on Serenity. RSRUK’s partner RockRose, who owns 50% in Tain, said it will “work to understand fully its implications for the Tain development project”.

I3 also wants to use the Bleo Holm vessel, leased to RSRUK, to develop Liberator, with the two “very close” to fully agreeing terms, according to Mr Shafiq. The firm said it would be “efficientR21; to drill a full appraisal at Serenity around the time of first oil from Liberator, expected next year. Chief financial officer Graham Heath said: “For us today Liberator has been our top priority because it’s nearest to development.

“Discussions with RSRUK for that field and, obviously our progress with the OGA, on a field development plan are nearer-term for us than Serenity. Albeit that the RSRUK-RockRose partnership are moving forward with a FDP for Tain which we would potentially phase Serenity into. We’re going to go back to Liberator next to drill that next well which would be at a future production location. That first producer would then be drilled during the execution phase of Liberator Phase 1 which is set to start during the course of 2020.It would be efficient if we were to begin drilling production of Liberator into 2020 and begin that same programme of further appraisal of Serenity at that time."

At a market cap of £34 million, with 200 million-plus of STOIIP, there is a valuation mismatch, especially with the latest Liberator well have a chance of success of 90 per cent plus after the previous well error and further seismic analysis. But the disappointing Liberator 13/23c-9 well means that investors are cautious about the new well about to be drilled. The management team have learnt the lessons, looked at the seismics, hopefully the new well hits the sweet spot and delivers the good. The Company is in the process of ensuring permits are in place for the drilling of the next well on the Liberator Field, which will be a pilot well targeting the Captain sand in the remapped L2 accumulation - a closure to the north east of the 13/23c-9 well. This region, similar to the A3 and A4 target areas, has significant relief above the prognosed oil-water contact and will provide a good location for a future development well.

The next well is a big deal for I3E in terms of reserves and reserves based funding for the project. If Liberator comes in as planned and Serenity is co-developed with Repsol Sinopec, then expect a share price closer to a 100-150p.

hxxps://contrarianinvestor . net/ posts/ 2019/11/2/ contrarian-investor-portfolio-review-november-2-2019

[tnmrl2] 03/11/2019 16:54

I3 Energy Plc (I3E.L) Sees a Nice Gain of 42.14% For the Week
I3 Energy Plc (I3E.L) shares are showing positive signals short-term as the stock has finished higher by 42.14% for the week. In taking a look at recent performance, we can see that shares have moved 68.28% over the past 4-weeks, -2.66% over the past half year and -30.94% over the past full year.
hxxps://altaadvocate.com/i3-energy-plc-i3e-l-sees-a-nice-gain-of-42-14-for-the-week/

[tnmrl2] 03/11/2019 16:51

I3 Energy (I3E) has become another leaky ship. Its shares rose over 50% in the 3 trading days before the announcement of the Serenity oil discovery. Anyway, it was a strong announcement and nearly doubled the share price before the details started to be examined. Concern is that progression of the reserve-based lending facility necessary to develop Liberator will require successful drilling at Liberator and the Company is obligated to enter this facility no later than December 2019 in order to remain in compliance with the terms of its junior loan note facility.

On the bright side, RockRose Energy (RRE) also issued a RNS noting the announcement made by I3E and stating that it will be working to understand fully the implications for the Tain development project in which RockRose has a 50% interest, including the possible impact on potentially recoverable volumes. This of course has led to takeover speculation and what can be said with certainty is that the I3 share price will remain highly volatile.

hxxps://oilmanjim.blogspot.com/2019/11/aaog-adl-adme-angs-aogl-ast-bloe-boil.html

[shorterofdoom] 03/11/2019 16:39

So the rampers day it’s not institutions selling haha. So the PANIC is coming from scared retail mug punters. It’s the only answer. Fear in the community of losing everything. Bombed out stock heading to 0p

[fardels bear] 03/11/2019 16:20

Strikes me that all the panic is coming from you, pal.

[shorterofdoom] 03/11/2019 16:16

Shareholders deep underwater here. Buying in on S1 results only for it to tank. Endless selling pressure with no light at the end of the tunnel. Next duster will wipe out shareholders

[shorterofdoom] 03/11/2019 13:19

Shareholders in distress. Nothing but shear panic and false promises of riches

[divmad] 03/11/2019 12:06

Shorterofdoom, your posts used to offer some entertainment value but after these more recent posts clearly lacking in factual veracity and full of unsupportable innuendo, you bore me stiff now. The only smidgeon of interest I have in you is to know, why? Why do you persist with your rants because that is what they are. Who is paying you to peddle such claptrap? I simply cannot believe that you have put a short on for a few thousand shares, at 55p which is what you stated a while back. It's not worth the effort. So who, and why? I would appreciate some honesty from you just this once but I'm not holding my breath.

[divmad] 03/11/2019 12:01

Lombard hasn't sold anymore shares since their last Holdings Update RNS on September 24th, when they reduced to a still significant 9% holding. They are usually highly reliable for reporting updates to positions in a very timely fashion.

[shorterofdoom] 03/11/2019 11:53

Painful ends of year for shareholders. share price crashed down from £1.25. Will be sub 1.25p soon enough. Shareholder wipeout out as the board fail to deliver yet again. $100m RBL will not happen as it’s fate is sealed in the next duster. Only option is to do a missive round of discount placing with millions of warrants

[shorterofdoom] 03/11/2019 11:46

Lombard selling this dog down. They want out

[divmad] 03/11/2019 11:40

Lombard Odier is.

[shorterofdoom] 03/11/2019 11:31

Endless supply of stock available. Nobody wants to be left holding this dog

[vanadiumx] 03/11/2019 10:55

Or an ex-employee?

[hairballradical] 03/11/2019 10:44

Last two posts spot on.

He's either a boiler room bunny or has mental health issues, either way best to ignore.

[d1nga] 03/11/2019 10:42

Probably been invested here at some stage in the past and crystallised a thumping loss so blames the company and bashes at every opportunity.
Mental health issues IMO

[fardels bear] 03/11/2019 09:26

Have you thought perhaps that he's not a native of this fair land and does his master's bidding from a Middle East boiler room?

[craffert] 03/11/2019 08:36

I think it's fair to assume that shorterofdoom ain't getting any in the bedroom department with so many posts at that time of the morning....maybe because he's short in lots of ways. LOL

[shorterofdoom] 03/11/2019 08:10

Delusional rampers spouting their promises of riches. Relentless selling and downward pressure. No support for this dog