I3 Energy Share Discussion Threads

[rumobejo] 17/12/2019 23:18

debt is due to be repaid end of Jan, massive dilution comin at 1p...

[w1ndjammer] 16/12/2019 16:40

Hyper Al

it pays to look at both sides of the coin



WJ.

[tsmith2] 16/12/2019 16:22

That's a good thing..

[5chipper] 16/12/2019 15:37

Cue tumbleweed from stage right

[hyper al] 16/12/2019 15:37

Word of advice, don't buy into fossil fuels.

11,000 scientists are telling us we have a climate emergency and it is VERY serious.

This is one of the many knowledgeable scientists.

[gaffer73] 16/12/2019 15:36

Nothing to say really.

[jezzoo] 16/12/2019 15:35

Speaks volumes doesn't it ?

[w1ndjammer] 16/12/2019 13:21

Back on board this morning with my TLW profits, i guess all have
moved on to new pastures, the BB is like a ghost town......

WJ.

[5chipper] 13/12/2019 08:22

Can't even log on to hl account!

[bobaxe1] 12/12/2019 23:55

Blue day tomorrow lol

[roundup] 12/12/2019 16:25

"Make money" you might be in the wrong company for that.The two guys at the helm have great difficulty in bringing anything to fruition that they promise. They could hardly have done a worse job for their investors so far.However for those who persevere you never know. There could be a "white knight" to come along with funds. Mind you they have not been successful up to now.

[jungmana] 12/12/2019 10:04

Well if one is desperate for Xmas money the yes but anything else e.g. politics etc will all pass soon.Got to have balls of steel in this market to make money

[5chipper] 12/12/2019 09:58

Easy to understand why sellers are doing so though.

Lots sat on large losses with Xmas just around the corner.

Lots of negativity around company’s future coupled with political uncertainty

[jungmana] 12/12/2019 09:53

Cant understand the logic in selling at this price. Why not hang in there and imo we will back back over 20p in January hopefully.
Just too undervalued at 13p

[36redhill] 11/12/2019 17:05

Is that blue?

[jungmana] 11/12/2019 16:44

Thats better. Lets see what tomorrow brings

[jungmana] 11/12/2019 12:14

Forward Plan

The Company will now prepare for a multi-well appraisal of Serenity and the Liberator West area in Summer 2020, which will aim to de-risk a considerable portion of the aggregate 600 MMbbl potential STOIIP identified in these structures. Development options for Liberator and Serenity will be progressed focusing initially on utilisation of existing infrastructure.

The above forward plan remains subject to the sourcing of additional funding. i3 will continue working with senior lenders on a Phase I Liberator development facility while it pursues potential partnerships to finance the wider 2020 appraisal of Serenity and Liberator.

Post 2019 drilling, i3 expects to have sufficient resources to fund its G&A requirements through 2020.

[kirk 6] 11/12/2019 09:12

Worth a lot more than current mkp. Won't be long until the next surge higher

[jungmana] 11/12/2019 09:04

SerenityThe Company continues to evaluate and integrate into its regional model the results from the 13/23c-10 Serenity discovery well, which together with data from the 13/23c-9 and 13/23c-11 Liberator wells, has substantively de-risked i3's pre-drill, regional subsurface interpretation and helped to refine and improve its understanding of the hydrocarbon distribution in the sub-basin. Confirmation of an OWC at 5270 ft TVDSS supports i3's expectation of a substantial oil volume in Serenity (estimated at 197 MMbbls STOIIP). i3's modelling indicates a potential connection of Serenity to the Tain oil field, for which a field development plan is being prepared by the Tain operator

[avsome1968] 11/12/2019 09:03

Seems to be a lot of support around 12p range we don't want to drop below that, time to add if you ask me.
i3e have plenty of time from now to sort out future dept facilities, can see them now speaking with potential partners on serenity they wont develop that on their own, yes they are under pressure specially how the share price has collapsed 70% over done to me but all oil & gas companies are getting whacked at present more so than usual maybe to do with[ Brexit, election} we don't want Labour in, market will go down for sure but if BJ gets in with a majority market will do just fine.
Value will come back here for sure we don't have mass circulation of shares, so plenty of options to move forward just have to sit tight look what unfolds. DYOR

[jungmana] 10/12/2019 20:46

"In connection with the award, BHGE has agreed that GBP3mm of oilfield service ("OFS") and oilfield equipment ("OFE") contract payments will not become payable until such time as i3 has received its first sales revenues from Liberator Phase I.As part of this transaction, the Company will be issuing to BHGE warrants up to a notional value of GBP3mm at an exercise price of 56.85p per ordinary share, totalling up to 5,277,045 warrants if fully issued. BHGE can exercise the warrants via cash settlement or in exchange for payments due under OFS or OFE contracts with the Company."

[5chipper] 10/12/2019 20:38

Baker hughes deferred was it £3m?

[jungmana] 10/12/2019 20:37

Before the summer a total of BP 40m was raised for the 3 wells campaign and total cost was GBP 32m for the 94 day drill contract.

[jungmana] 10/12/2019 20:30

We were fully funded for 3 well drilling program with GBP 8m contingency on top. Then raised extra GBP 5m just recently. So cash left should be quiet healthy