I3 Energy Share Discussion Threads

[newtothisgame3] 03/11/2019 21:20

London listed North Sea oil firm i3 Energy said it discovered around 200 million barrels of oil in its Serenity prospect in the British North Sea.

[muddyfox0151] 03/11/2019 21:18

Lol failure , just your life .....

[5chipper] 03/11/2019 21:13

Dare we start dreaming once more?

Big 3 or 4 weeks upcoming now for all involved

[showmethemoneyhoney01] 03/11/2019 21:09

In a failure case it is sell the crown jewels but do you really think they will miss this time. Easy £1 plus in the coming weeks.

[shorterofdoom] 03/11/2019 20:47

failure is the only option

[shorterofdoom] 03/11/2019 20:47

In the failure case it’s game over. No RBL nothing. Only way to raise funds will be through massive dilution. In the mean time the company needs cash to keep the lights on. No lending facilities will permit working capital. The company needs cash to keep the lights on. Plain and simple.

[tnmrl2] 03/11/2019 20:32

The facts are as followed. As per Company RNS not Shorterofdoom Cut and Paste remarks which are fiction at best.

Next week Liberator well to be Spud, results expected early December 2019
After planned plugging and abandonment of Serenity well 13/23c-10, the Borgland Dolphin semi-submersible rig will mobilise back to the Liberator field to drill a pilot hole at a future development well at the remapped L2 structural high (approximately 500 meters north east of the 13/23c-9 well)

This Well is fully funded
Dolphin to partially defer payments into 2020 which enable the Company to adequately fund remainder of 2019 3-well drilling programme

Further Funding and Development of Serenity
Company continuing to advance funding options to develop Liberator on a 100% basis, including negotiating for a reserve-based lending facility of up to $100 million pending successful Liberator drilling results
2,204,574 warrants to subscribe for Ordinary Shares at an exercise price of 56.85 pence issued to GE UK for oilfield services rendered by Baker Hughes

They have had meeting this week about reserve-based lending, so it is possible that an agreement has been made and could be announced this week.

What is 100% is they are going to Spud this week and then we shall get results early December. I am confident that you results will be positive and if that's the case funding for development will not be an issue Liberator.

Serenity they are going to drill two well early 2020 to shore up reserves and during that time till then, they will enter into development sharing agreement with a partner. Also it is possible that they will Farm out a % too.

I expect the share price to make steady gains over the next few weeks, on drill results around 50-70 on success anything north of 150+. If not a success between 25-30

hxxps://ir.q4europe.com/Tools/newsArticleHTML.aspx?solutionID=3508&customerKey=i3energyltd&storyID=14492725&language=en

[showmethemoneyhoney01] 03/11/2019 20:10

Watch this rally this week

[muddyfox0151] 03/11/2019 19:58

You can read what you want to hear ?

[muddyfox0151] 03/11/2019 19:56

It's seriously doomed pal your dommeeeeeeod ....

[vanadiumx] 03/11/2019 19:34

It s drivvel mate, not dribble. Not sure that you have the mastery to pull this off.

[vanadiumx] 03/11/2019 19:33

Wtf.... This is just a copy and paste.... Sad.

[shorterofdoom] 03/11/2019 19:05

Senseless ramping from mug punters. I3 need to tap the markets soon for working capital at the very least. Massive dilution ahead.

[muddyfox0151] 03/11/2019 18:45

My point Same our friend here !

[muddyfox0151] 03/11/2019 18:43

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

[fardels bear] 03/11/2019 18:42

I'm afraid that Eddie Stobart is dead. Died penniless in fact.

[shorterofdoom] 03/11/2019 18:30

Same rampers spouting their endless dribble. These rampers with their moderated boards are nothing more than a cult.

[muddyfox0151] 03/11/2019 18:19

I3e. Stay away. BEWARE 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 ...View Full Message

[muddyfox0151] 03/11/2019 18:09

Good luck everyone who bought low , shorter , bullet ant , Jimmy 555 , 777 , 999 , so on on on and on How many usernames . You must be very organised on your fleet of names , ask Eddie stobart his lorry's have names for every vehicle .....

[norsewebster] 03/11/2019 17:59

Bought at 23p. Over 50 percent up.Yawn.