I3 Energy Share Discussion Threads

[coscos] 24/5/2018 11:42

This stock can very quickly move up and down.

[jinxo777] 24/5/2018 11:40

pullback is normal and healthy - people with low averages can trim and realize some gains and new people get in at higher prices. GLA

[begorrah88] 24/5/2018 11:37

Disappointed to see the pullback here, quite understandable as some short term era will be banking profits, but was hoping for a further rise into the expected news.I think our constant seller that we've seen over the last couple of months is still sat heavily on the offer as any buys are just getting swallowed and the bid/offer being pressed down.At some point he'll be gone or we'll get a JCM loan note conversion update but it does undermine how good yesterday's news was

[showme01] 24/5/2018 11:36

I'm not bothered about the share price. The big one for me was extending the Liberator field. The 30th round sorted that. Funding will follow soon and the share price will react accordingly. Game on from here :-))

[someuwin] 24/5/2018 11:33

Added for the second time today. At just £40m this is way too cheap after yesterday's news.

[chopsy] 24/5/2018 11:30

Now my top up at 106 yesterday doesn't look quite so lucky!

[fardels bear] 24/5/2018 11:30

Doubled up at 103.

[che7win] 24/5/2018 11:30

103p close enough for me, loaded up, I expected these to be rising today, this is an unexpected bargain for me.

[coscos] 24/5/2018 11:06

Pullback was expected, nothing to worry about.Fact is they've been working on the funding for liberator for a long time and they wouldn't have been awarded west liberator if ducks weren't in line.The funding is 100% there, it's just a matter of striking the best terms.

[showme01] 24/5/2018 11:03

Cash, I agree. I've waited this long, I can wait a couple more weeks for min £2-£2.50 a share where I will take my first top slice.

[someuwin] 24/5/2018 11:02

Buyers moving in...

[2prsimo] 24/5/2018 10:51

Yes looks like some of the heat is dissipating - it doubled in pretty quick time - you may well get sub 100p if the funding news is still a few weeks away from finalisation.

[a2584728] 24/5/2018 10:33

I shall get back in under 100p. I agree it has further to go but needs a breather first

[cashandcard] 24/5/2018 10:03

No problem with a little pullback after the recent strength. Needs to consolidate and we can move onto funding news with renewed vigour.


Cash

[someuwin] 24/5/2018 09:15

Added more. This has so much fitter to go.

[cashandcard] 24/5/2018 01:43

NC and GH careful not to give anything away in the interviews. Just listened to the vox interview again and GH was making clear any impediment in the discussions was now removed. But it's what NC stated near the end "we wanted this area awarded such that we can bring these discussions to a conclusion" really sums it up. I think we'll here something in the nearterm re funding. If they want to drill in Q4 this year, as they stated, they will not let it drag for much longer.Cash

[thegreatgeraldo] 23/5/2018 23:25

I'm intrigued to see where this goes, given the earlier chatter about production in Q3/4. To be fair, they've only been planning this for the past year (at least*), so what they didn't say today is perhaps more interesting than what they did have to say

*the CPR covering today's award was dated November '17, but was probably commissioned a year or so ago

[showme01] 23/5/2018 22:53

tgg. I had to ask the question when I met them but this is their big win. They have invested plenty in skill, time and money in i3e and like me, see huge medium term potential. Graham Heath seems like a very genuine guy who's family live in his native Canada. Neill, I gather ,never made the gains he could have with Ithica. Build, develop value and cash in appears their driver which is good or me. Totally aligned with their shareholders and management who also own a lot of stock. I can't wait to watch this unfold.

[thegreatgeraldo] 23/5/2018 22:43

showme - it would be pretty bad PR if either were to sell any stock at the mo, regardless of any obligations not to sell!

[caters] 23/5/2018 22:38

Let's say 'just' 40mm barrels of recoverable get proven up (including the known 11mm) and the recent sale values have been around $15/barrel in the ground (North Sea), so say $20/barrel to allow for the better long-term PoO and the quality of the reservoir, then that's $800million ~ £600million. That's about 15x from where we are today.

edit: I3E may not have 100% of the resource by the time this happens, so allowance needs to be made for dilution via share issue or farmout or whatever.

[showme01] 23/5/2018 22:36

Caters, I agree, they could make an awful lot selling the company and assets now holding 6.5 million shares each. Must be worth at least £2-£3 on assets. I have spoken to both one to one over the last few months and said the same thing. No way are they selling out soon by their reaction even though they are locked into not selling any shares atm. They know how to build this up to a mid sized oiler in the medium term (2-3 years) and then it will be time to sell to a major and retire. That will do me :-)

[thegreatgeraldo] 23/5/2018 22:35

duckdown, the 80 million is 11 million P2, 22 million contingent & 47 million prospective.

[caters] 23/5/2018 22:33

@duckdown - that's why I didn't sell a single share today, tempting though it was :-)

[fozzie] 23/5/2018 22:32

Very surprised to see the share price has not risen more today given the enormous potential here. Cannot believe peeps are actually selling here!

[duckdown] 23/5/2018 22:29

One thing's for sure - the directors have this all mapped out.

They know how valuable Liberator is and the block they've been awarded today.

I think we will see appraisal, followed by production, followed by sale - possibly all within the next 12-18 months.

It sounds ridiculous now but £20 per share would give a market cap of £720million and I don't think that's far fetched.

Remember there is upside to the 80 million barrels and once production starts at the current oil price it's a cash cow.