I3 Energy Share Discussion Threads

[shorterofdoom] 04/11/2019 11:52

Senseless less ramping. Ramptards desperate to get the price to rise. Underwater trying to get more mug punters to buy so they can exit

[tnmrl2] 04/11/2019 11:22

I3Energy

Majid Shafik presenting; Hot footing it from the Serenity discovery RNS.

I3E is a more complicated story to follow than most O&G companies. The Liberator field is not a neat and simple accumulation. It’s all a bit spread out and connected through channels. Liberator oil effectively sits on top of water and the depth of oil seems to vary across the block depending on the height of the trap above. The re-mapped seismic seems to show this quite clearly and future wells are all targeted to hit the peaks in the accumulations. They are very confident of the next Liberator well being in the right place this time. They picked up some excellent data from the failed well and, together with the fresh, re-processed seismic, they can see clearly where they went wrong last time.

I was told by Graham Heath that a successful A2 well, which will spud next week, will unlock the $100million reserve-based lending facility (RBL). They have been in talks with their potential lenders for years and the terms are more or less agreed. Essentially, everything hinges on this A2 well and, with all the data they have gathered, the chance of success here is as good as it gets in the O&G industry.

I3E has re-structured terms with its drilling contractor, Dolphin Drilling. Because of the failure of the first well and the subsequent additional work required, they do not have enough cash to complete the full drill programme. Payments have been deferred until next year, and Dolphin drilling get ‘first dibs’ on future drilling programmes. Graham Heath re-assured me that part of the RBL is set aside to pay for previously incurred costs so Dolphin Drilling debts will be covered. Phase 1 will still produce 20 000 bopd and provide the funding for phase 2.

Some interesting detail on the Serenity discovery: it’s a huge field, stretching west to east. In the west, the sands are 150 feet thick. In the east, the sands are 5 feet thick and are part of the Tain field (Repsol and Rockrose). In a previous well, these flowed at 4000 bopd. Serenity hit ten feet of very clean, thick, tubidite sands. It really is an excellent discovery and means the company has two developments to progress. They will be talking to their neighbours, Repsol and Rockrose and, clearly, there will be synergies and unitisation discussions to be had. Graham Heath suggested that, as part of next year’s Liberator development well campaign, they would appraise Serenity as part of the same campaign. It would be the most logical and economic way forward.

Whilst the I3E play looks totally dependent on the A2 well result, the COS is so high, I feel pretty confident it will come in. The management’s track record on gaining finance is excellent. If A2 comes in, the RBL will follow and then, next year, they will be very well set.

hxxps://i3.energy/wp-content/uploads/2019/10/20191029-i3-LIBERATOR-UPDATE-vF.pdf

[burtond1] 04/11/2019 11:04

Last Thursday @proactive_UK hosted the Oil capital Conference In the City of London......The excellent and extremely knowledgable @Robin25461631 attended and here are his thoughts on #UJO #NTQ and #i3e as well as ASX listed #ANA and #ADXhttps://total-market-solutions.com/2019/11/04/oil-capital-conf-31-10-19/

[mynameiskhan] 04/11/2019 10:46

I think it's v simple, those who are confident on A2 drill, just buy and wait for the result and those who are not confident they should either sell it or open short....It's just a matter of few weeks (early Dec)...

[tnmrl2] 04/11/2019 10:39

Shorterofdoom Lying again
noun
the telling of lies, or false statements; untruthfulness: From boyhood, he has never been good at lying.
adjective
telling or containing lies; deliberately untruthful; deceitful; false: a lying report.

[shorterofdoom] 04/11/2019 09:21

Serious selling pressure here. Delusional rampers selling a story of riches. Reality kicking in and the share price is tanking hard. Next stop 10p

[d1nga] 04/11/2019 09:01

And a sell
Or did the shares just magically appear out of thin air?
whaddayathink?

[hairballradical] 04/11/2019 08:57

25k at 08:54 was a buy!

[2lb] 04/11/2019 08:52

Every BB has a resident idiot , but I have to say that this one is streets ahead of anything I've encountered recently - utterly relentless spouting of repetitive and meaningless drivel - one should really pity those with such a sad existence and such low self-esteem that this the the best paid "work" they can aspire to

[shorterofdoom] 04/11/2019 08:38

Rampers feeling the pressure

[shorterofdoom] 04/11/2019 08:21

Rampers clogging up the board posting dreams of riches. Your tales do not tell the story. Let the share price do the talking. Shares in free fall, nothing to stop it dropping and creating NEW ALL TOME LOWS

[tsmith2] 04/11/2019 08:11

Some t+5-10 traders selling as out of time

[tnmrl2] 04/11/2019 08:01

See Shorterofdoom we can all do the same as you Cut and Paste but at least when i do, i am telling the TRUTH not LIES like YOU

[tnmrl2] 04/11/2019 08:00

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

[tnmrl2] 04/11/2019 07:59

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

[tnmrl2] 04/11/2019 07:59

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

[tnmrl2] 04/11/2019 07:59

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

[shorterofdoom] 04/11/2019 07:31

Endless supply of stock. Placees flipping in to the slightest bit of volume. Regardless of results these guys want out. Very evident from S1 results. Anyone with any intellect is bailing. Only mug punters left holding the baby as it crashes through 1p

[shorterofdoom] 04/11/2019 06:39

Another week of pain for shareholders ahead. Relentless selling from an endless supply of stock