I3 Energy Share Discussion Threads

[5chipper] 10/12/2019 20:29

Plus mgnt stated that £5m would enable extension of drilling programme. Such an extension would surely cost more that £5m.

3 wells cost £35ish so 12m per well? + cash buffer in reserve...

[jungmana] 10/12/2019 20:24

Funding updateDue to the unexpected well result at 13/23c-9, and standby time incurred in advance of drilling the current 13/23c-10 well at Serenity, the Company has been working with Dolphin Drilling to extend its current 94-day contract. Due to Dolphin's excellent performance to date, i3 and Dolphin have agreed to enter into a strategic operational alliance for the use of Dolphin drilling rigs for i3 operations to August 2023, which will cover potential future appraisal and development drilling on Liberator and Serenity. Under the contract extension, i3 Energy has secured a right of first refusal on the Borgland Dolphin semi-submersible rig to 31 January 2020 so that the Company can continue drilling operations at Serenity and Liberator. Associated with this contract extension, Dolphin has agreed to defer certain payments for drilling costs beyond 30 September 2019 which the Company will be due to settle between January and August 2020. With this payment deferral in place, i3 Energy remains comfortable that it has the cash resources available to conclude its planned 2019 3-well drilling operations.

[kirk 6] 10/12/2019 20:19

Either way the confirmation is excellent. We need to get back to low 20s this week

[jungmana] 10/12/2019 20:17

The payment that is deferred into 2020 is the partial payment for the extra days beyond the initial 94 days agreed rig contract. It is not that i3e could not pay but the deferral was a mutual agreement as part of the long term relationship agreement between i3e and dolphin to 2023

[showmethemoneyhoney01] 10/12/2019 19:43

Are you serious, they couldn't afford to pay the rigs and had to issue them an iou.

[5chipper] 10/12/2019 19:42

I would guess cash to be £12-15m curtently

[mhin2] 10/12/2019 19:37

I await analysis and assessment of Serenity, and then funding for next year...The point is when/where is the bottom...what might the takeover price be...might we get a farm in etc...In the meantime cash at 35p to see us through with a vested interest of ii's for i3e to succeed...Have I got something wrong...It will be interesting to see if anybody dare short at this price....seems like the bottom...and ready to buy more when news flows or if I start seeing large buys.

[showmethemoneyhoney01] 10/12/2019 19:10

Nobody should be surprised by the current share price Nothing changed from this time last week!

[rosedale1] 10/12/2019 19:09

There is a consistent buyer nibbling away for months ,watch the buys, will be reviled shortly .

[kirk 6] 10/12/2019 19:04

Agreed fantastic confirmation Done and dusted now and they own the stock at 35pReckon we will shortly be back at this level

[begorrah88] 10/12/2019 18:59

Eh?The RNS is confirmation of their issued equity following the dilution - got nothing to do with anyone buying any.

[rosedale1] 10/12/2019 18:15

Yes ,the buying has been busy for months ,and nobody has realised.lol

[kirk 6] 10/12/2019 18:09

Fantastic news out confirmation of bybrook

[oilisgold] 10/12/2019 17:03

Pounding after pounding. Many down and out. Lubricated with STRAP OM

[knowing] 10/12/2019 16:41

Shorts have had their fun. Time for I3E to deliver. Serenity first. Produce a nice deal which can then help fund the other activities.

[jungmana] 10/12/2019 16:12

Bought more with profits from Thor mining. Lest see where we are in a months time

[oilisgold] 10/12/2019 15:42

"Patience will be rewarded". More like Patiebce will be rewarded with bankruptcy and a VASELINE STYLE POUNDING. whilst the CEO is in the Ritz hotel chilling

[tsmith2] 10/12/2019 15:27

patience will be rewarded here. The share price bears no resemblance to value

[jungmana] 10/12/2019 14:41

This will come good. 2 weeks back no one wanted Thor mining at 0.24p, today is double the price.Sentiment changes quickly in the market and on the long run value will be reflected in the share price .

[dplewis1] 10/12/2019 09:07

Intheknow69 'tomorrow will see a bounce above 20p' .. nice call you muppet..! Gone to the docs to get another spike removed from your foot?

[jungmana] 10/12/2019 08:34

Dropping like a stone . Insane

[muddyfox0151] 10/12/2019 08:17

Can't see it ! Election , Christmas , money tight at moment ... forget about this till end January ..

[jungmana] 10/12/2019 08:14

I will be happy with 20p by Friday:-)