I3 Energy Share Discussion Threads

[tsmith2] 28/11/2019 08:39

RRE's flowed at 2750bopd from 5ft. Ours is at 10ft and thickens as we go West across prospectabsolute min RECOVERABLE barrels of oil 50mn - probably more realistically 75-85mn do maths

[shorterofdoom] 28/11/2019 08:39

Estimate this estimate that blah blah ramp ramp. Reality is market knows and it slowly pricing it in. This will just drift until they run out of cash.

[tsmith2] 28/11/2019 08:36

The net oil interval in the Captain sand was c.10ft of high porosity (30%) sand and thicker than in the up-dip Tain discovery consistent with the Company's expectation that the Captain sands thicken to the west in Serenity (as demonstrated by the c.150 ft of sand seen in the offset 13/23a-7A well situated to the west of Serenity). Reservoir quality is expected to be equivalent to that seen in the Tain wells, one of which (13/23b-5Z) tested at an estimated 2750 bopd from a 5ft interval in the Captain sand. Oil samples to be recovered from the downhole sampling tool are expected to be of similar quality to the 32deg API oil found in the Tain field. The preliminary results, subject to further analysis, are closely in line with the Company's expectations and confirm the strong commercial potential of the Serenity area, of which i3 owns 100%.

[gaffer73] 28/11/2019 08:35

Last time you said that this went to 55p

[shorterofdoom] 28/11/2019 08:34

Excellent stock this one. Insolvent company going to the dump

[shorterofdoom] 28/11/2019 08:33

Timbeeeeerrrrrrrrrrrrerrrrrrreerrrrrr

[shorterofdoom] 28/11/2019 08:28

Down down down

[tsmith2] 28/11/2019 08:28

What utter bullocks..

[shorterofdoom] 28/11/2019 08:24

Yes they could was little run out of cash and fold. Hugh debts, no revenues and a failed drill campaign. They could attempt a fire sale of their so called assets but this wouldn’t attract more than a couple of mill. Remember i3 bough Liberator of Dana for a few mill. Now they have failed at L2 and A2, the reserves will be significantly less than when i3 bought it. There is no value in West Liberator now these drills have failed. I’d say $1 -$2m tops for both Serenity and Liberator

[svenice7] 28/11/2019 08:24

Shorters will bail soon

[rumobejo] 28/11/2019 08:21

people should bloody read the rns again, it is bloody WATER all over it

1p

[saw89] 28/11/2019 08:19

Yep capitulation before sensible RNS issued with interpretation and next steps.

The nature of the previous RNS has left next steps open to interpretation. Will soon be clarified and high potential here for a strong relief rally

[tsmith2] 28/11/2019 08:19

Lol. Numpty

[astorcourt] 28/11/2019 08:16

cOULD this one get suspended and the administrators called in?

[tsmith2] 28/11/2019 08:16

CapitulationWe have min recoverable barrels at Serenity of 50mn barrels..That in itself is worth a multiple of current market valueAlso wire logs etc being run on A2and we have Liberator West with 300mn plus STOIIP!

[jungmana] 28/11/2019 08:14

News should be tomorrow or Monday. Whatever it is we are worth a lot more than market cap today.

[m5] 28/11/2019 08:13

Right on it now. Drop through or bounce?

[jungmana] 28/11/2019 08:12

At year lows now. Time for a turn around.

[vanadiumx] 28/11/2019 08:01

PHLC ratcheting the offer to the bid again, again out of whack... What are they up to?

[tsmith2] 28/11/2019 08:01

RRE want/need to develop Tain..unitisation has already been mentioned