I3 Energy Share Discussion Threads

[i like trees] 09/1/2018 13:06

I'm not at all worried at this market cap

[euclid5] 09/1/2018 11:33

Are you guys not too worried that part of the funding they require may be done on a placing also as well as the Loan they are getting from an Investor?

one of which is the proposed $25 million senior secured credit facility. The Company now expects to finalise loan documentation in early 2018 alongside pursuing other financing initiatives which i3 believes would fully fund the Liberator development to first oil. The Company is planning for the full financing of the development to occur in Q1 2018

[showme01] 09/1/2018 09:25

Nice one Curry. Going to be a great year for i3e imo

[currypasty] 09/1/2018 09:00

bought a few back, after selling my loan note conversion on list

[showme01] 08/1/2018 19:30

That's good to hear Zengas. :-)

[zengas] 08/1/2018 18:44

I have a decent sized holding already showme but had intended to add in the mid 20s but been virtually impossible unless for very small quantities.

[showme01] 08/1/2018 17:11

Hi Zengas,

It comes as no surprise to me that you are looking to take a position here. Great value especially at these levels. I know that Glenwick had to sell some of their remaining i3e shares in November/Decmeber to pay for overhead costs and the price of a failed open offer for a new asset. I'm guessing it was £60-80k worth. They would of added a bit of liquidity and was probably the reason for the drop in November/December.
Good luck getting hold of some. I've been building a position since getting my allocation through my Glenwick holding. Last sizeable purchase was 50k at 29.5p in December where the offer was at 27p.
I'm where I want to be in terms of target holding but in most cases I have had to pay a couple of pence over the offer price even for a few thousand shares. Rarely get an on line quote so it has mainly been fill or kills at a premium.

Best

Showme

[zengas] 08/1/2018 17:00

Tried to buy just 50k over a couple of days and was impossible so didn't get any. Available in much smaller 2.5k lumps but pushes the price up. Did someone pay 28p this am for just under 18k shares ? If so it explains how hard it is to get a sizeable quantity at the right price.

[showme01] 08/1/2018 16:47

Buying in any quantity is hard, fill or kill in most cases. There are hardly any shares around. Just over £10k of buys against £3k of sells today and the price rises 7%.
Imagine what will happen here when buying demand is high ( after the first drill is fully funded and good to go ).

[showme01] 04/1/2018 08:33

Made a final couple of purchases this morning. That sale first thing made it easier as buying any quantity the last few days has been hard. Market makers are bidding for 50,000 shares now. I have never seen that quantity. Any buying pressure will move tis quickly. So under the radar and once funded, this will be very much on the radar. I expect this to be over £1 once funding confirmed and then upwards from there as news is released. They bought the Liberator Field when price of oil was $40. It was valued at £1bn when oil was $100. Huge value in this alone.

[showme01] 01/1/2018 13:56

Guys, I have met both directors and from time to time engage with Graham via email. I am confident that both the first Liberator well and the new license will be fully funded. The second Liberator well will be funded from cashflow coming in from the first drill. If they are producing say 5,000 bopd with a $25-30 profit margin, that is £100,000 per day profit that can be used to repay current debt and if need be take on some more as well for the second drill as well as having say £500,000 per week cashflow from profits from the first Liberator field. These are conservative figures too.
Funding the first Liberator drill is key as it triggers everything else and the due diligence is nearly complete if not already done and once we have the green light on that, we are away as will the share price. AIM rainbow chasers have huge market caps on speculative oilers that are nowhere near first oil. This beauty could be fully funded and producing 10,000 bopd within 12 months. The market cap will be blown apart once the market catches on. Meanwhile, I have been building a nice stake here on top of my Glenwick allocation. 200,000 in total now :-)

[caters] 01/1/2018 12:43

euclid has a point though...

If fundraising was that straight-forward, it would have happened by now.

It may that the directors are trying their best to explore non-dilutive funding, but it's dragging out.

Lots of "ifs" and "hopes" in the last RNS, imho.

[showme01] 29/12/2017 15:40

2018 is going to be one hell of a year for i3e imo. So under the radar which has helped me to build a larger position at what I believe to be, bargain prices.

[euclid5] 21/12/2017 21:11

This part means that they will need the other £25m for the 2nd development well costs of $33m

The Company is planning for the full financing of the development to occur in Q1 2018

[showme01] 21/12/2017 07:46

How impatient are some people. Time lines for funding have slipped only a few weeks, that's all. What has been confirmed is that they are looking at several options to FULLY FUND to first oil. There was some doubt prior to this RNS that there would still be a shortfall to first oil. I was sure there was not from correspondence with the BoD and now that has been confirmed.
2018 should be an outstanding year for i3e imo.

[euclid5] 20/12/2017 13:55

i3 Energy plc, an independent oil and gas company with assets and operations in the UK, is pleased to update the market in relation to its funding progress.



The Company continues advancing multiple initiatives to seek full funding for its Liberator development through prospective equity capital markets, joint venture partnerships and private funding sources, one of which is the proposed $25 million senior secured credit facility. The Company now expects to finalise loan documentation in early 2018 alongside pursuing other financing initiatives which i3 believes would fully fund the Liberator development to first oil.

The Company is planning for the full financing of the development to occur in Q1 2018 although there is no certainty definitive agreements will be entered into. i3 will further update the market at such point as sufficient information becomes available.

[basem1] 27/11/2017 16:01

Lol, 12 straight buys today but nothing of any significance. Nice to be blue at last though.

[hpotter] 23/11/2017 11:12

By 2024 it seems likely, to me, that there will be a number of fields being produced through the existing Blake facilities and that i3 Energy will be the operator.

[euclid5] 22/11/2017 20:30

Because the license the are bidding for is next door to the Liberator field & makes up the total rec reserves of 51mmbls - best reading the CPR for further info

Also, if the Blake field is not in production in 2024 & they haven't got sufficient reserves booked, then they will have to cease production. Again have a look at the CPR

hxxps://i3.energy/wp-content/uploads/2017/03/20170725-i3-ENERGY-AIM-ADMISSION-vF.pdf

[nametrade] 22/11/2017 16:13

Why would you put money to buying a new asset if you already couldnt fund an existing one?
Unless you have something arranged or up your sleeve?
(A large sleeve)

[showme01] 22/11/2017 15:45

Well let's see eh. Remaining 20% of i3 shares are about to be sent out. Advised today. i3 have done what they hoped to by minimising dilution. So far so good. They must of had their reasons for turning down $20m at over 55p. Time will tell.

[i like trees] 22/11/2017 12:46

Euclid. They were able to raise £20m at a price higher than the IPO placing price of 55p but it wasn't enough so they declined it. Graham Heath said in the Manchester presentation that the offer was still on the table. That was a few months ago but I am not concerned. Both he and Neill seem v confident that funding these drills will not be an issue.