I3 Energy Share Discussion Threads

[avsome1968] 29/4/2020 22:34

Well news tomorrow then someone's confident 2x 750k buys?

[bobaxe1] 26/4/2020 17:31

Tuesday might be interesting. https://twitter.com/akw_anthony/status/1254428672800497664?s=09

[droftarts] 24/4/2020 14:21

Sorry wrong board

[droftarts] 24/4/2020 14:20

MM has widened the spread. Not a lot of action. I do not think they know what to expect like us. Certainly been a tight ship, no leakage. Droft

[anley] 24/4/2020 13:29

I have just had a quick look at the old press releases and general press comment and come to a conclusion that whatever this company does never seems to work......which is a pity.

On the funding who can tell us which Bank will want to fund any small oil/gas company and with such a tangle of deals - one with a rig company and another with "Uncle Joe" I really do think that the vultures will wait..........not even a "cash" shell and as I have mentioned deals to be unwound and a funding needed so a potential wipe out for shareholders.

Will this be the first UK North Sea AIM listed company to go under or even merge????

[shorterofdoom] 24/4/2020 12:44

Timbbeeeeerrrrrrrrrr

[shorterofdoom] 24/4/2020 10:38

Tick tock the clock of doom is ticking 1 pence is coming

[itsnotmeitsy0u] 23/4/2020 15:30

what has this got to do with the price of cheese in Bangladesh?

[alistair4444] 21/4/2020 22:26

News Tues 21/04/2020

Andrew Austin, CEO of London-listed RockRose Energy, said in an interview.

"Among RockRose’s assets, Austin noted a decision is due on development of a project known as Tain, which lies near Blake and Ross, a pair of fields that have been producing for two decades.

Operated by Spanish-Chinese venture Repsol Sinopec, RockRose holds 31% stakes in Blake and Ross and 50% in Tain. Austin said Tain was still under consideration, but the production vessel for Blake and Ross was set to remain in place until 2029. “Again, the more hydrocarbons you can get across the vessel, the better the economics,” he said.

Source: Platts

[dplewis1] 20/4/2020 18:04

Still going well here I see

[dplewis1] 03/4/2020 18:49

Madeiraa5 = Top Plop Stocks = red flag disaster stocks. He lost all his money ages ago he's just a sad little man that spams chat boards now.

[avsome1968] 30/3/2020 22:52

dplewis


How can this get hit harder anymore not a producer yet, companies with huge dept that are producers eg, PMO,TLW,ENQ,LUPE many more that need 50 plus a barrel just to break even, these will sink longer this $20 a barrel continues.

[dplewis1] 30/3/2020 19:12

WTI and Brent getting pummelled this is going to be hit hard tomorrow

[avsome1968] 30/3/2020 11:21

Basically got it for nothing, plus free admission to tsx

[avsome1968] 30/3/2020 11:20

30 Mar 2020

i3 Energy, an independent oil and gas company with assets and operations in the UK, has announced the following update.
Highlights:
i3 has entered into an Option agreement to acquire all issued and outstanding common shares of Toscana Energy Income Corporation ('TEIC'), a TSX listed company
TEIC had 2019 year-end 2P Reserves of 4.65 MMboe (53% oil, 47% gas) with a reserve life index of 14.7 years
Toscana's 2019 production averaged 1,065 boepd and generated C$5.5 million (US$3.9mm) in field netback from 13 low-decline, long-life conventional fields producing at an average breakeven price of C$30.43/boe (US$21.74/boe)
TEIC operates 69% of the producing wells in its portfolio at an average net working interest of 67%
i3 is purchasing Toscana at a fraction of going market-based valuations for WCSB oil and gas transactions; the total aggregate consideration being paid by i3 for TEIC's debt and equity totals approx. C$3.95 million (US$2.82mm) representing roughly 0.72x Toscana's 2019 field netback, C$3710/boepd (US$2650/boepd), and C$0.85/boe (US$0.61/boe)
On March 27th, i3 used current cash resources to purchase the rights and interests in Toscana's senior and junior debt facilities (which were in default). i3 has acquired Toscana's C$24.8 million senior facility for C$3.0 million and its C$3.2 million junior facility for C$0.4 million, with cash consideration for each being paid 50% up front and 50% at year-end.
Upon i3's exercise of the Option, Toscana shareholders will be offered up to 4,399,224 i3 shares for TEIC's entire share capital, representing dilution of approximately 4% to the Company's current shareholders and having a market value at March 27th of approx. C$0.55 million