I3 Energy Share Discussion Threads

[neo26] 21/3/2021 16:28

Maiden divi to be announced by end of q1 and issued before end of april.ImhoI have been lookin for companies with +£15m in bank, producing over 9000boepd, valued at 67m and giving a divi yield of +5%.I only found i3e, massively undervalued2p reserves 58mmboe..Management believe over 300mmbls is revoverable from the clearwater acreage alone.Have infrastructure in place to increase production to 30kboepd.

[jezzoo] 21/3/2021 13:54

There has to be a dividend to have a date and so far we haven't had a notification of a dividend. Hopefully this week according to previous RNS

[fandagle] 21/3/2021 09:36

Does anyone know the holding date for the current dividend?

[billyrayvalentine] 18/3/2021 15:01

...cos you're one clever cookie ;-p

[swanvesta] 18/3/2021 14:45

It wasn't *immediately* clear Spurs90. It did take me about 5 seconds to figure out they were copied posts from CEO.

[spurs90] 18/3/2021 13:36

Is that not clear brv at the beginning of the post with their handle if you like I can post the response from him to me were he said his posts are copy right free and I can post wherever I want!

Hope that helps

[billyrayvalentine] 18/3/2021 09:25

...S90, it would be reasonable to let people know, that you are quoting someone :-o

[markstevenkirby80] 18/3/2021 08:30

Sleepy Joe been smoking to much green

[muddyfox0151] 18/3/2021 08:24

The Biden administration / greens are committed to closing the pipeline? No U turn in my opinion and Fox News , sleeping joe is going green .....

[spurs90] 17/3/2021 21:07

@Drjimjones Sure @Darcyslaw, always happy to clarify my research and respond to reasonable challenges. The SUPER core area is super productive 20-30 meters thick, IP 30 590b/d pay's out in 2 months at $WCS 42.50 (currently 53$), IRR at $42.50 over 500%, monster returns, likely close to 800-1000% IRR at current WCS price with 4-6 week payouts. I didn't include those economics in my DD because I didn't want to mislead, we don't hold acreage there, although if you look most of our acreage falls into the Martin Hill tier 2 and Nisipi as far as pay-zone thickness and we do have few blocks that have the Tier 1 thickness of +20 meters, therefore I would expect those wells to Ip closer to the Tier 1 results in the chart. Thus my stated DD and IRR's of plus 400% are very on par with what other operators are experiencing with the same pay zone thickness. Supported by i3, TVE, HWX recent presetnations regarding economics in play.(in the video the CEO did say "these wells come online at round 300b/d so draw your own conclusions as to the productivity of our land.) It is also worth noting HWX has modeled an ultimate recovery of up to 28% higher than prior thought. high-side resource for I3 1.1 billion ooip x .28 = 308 million barrels of oil. IT'S ALL ABOUT THE PAY ZONE THICKNESS and where we are in pretty thick, where we are we have half the average thickness of the SUPER TIER 1, for Martin's Creek we have excellent land.

[spurs90] 17/3/2021 21:02

@Drjimjones Another important point I think some have missed, watch the Proactive Investor interview from Dec 2020. The Gain portfolio already has infrastructure in place to support 30’000 Boe a day of production.

Currently Gain is producing about 9k, we have capacity to triple production without have the long lag and capital spending on infrastructure. The hardest part is not drilling it’s getting the crude/gas treated and to market. Problem already solved up to a 3x production increase. Gains portfolio came with over +200 in-field drilling locations that generate over 50% irrs at $55 wti ponder the fcf at a 30’000 boe/d.

In this Dec proactive video the CEO ALSO singled out Clearwater as an area of priority for capital deployment. (why would he do that if it was valueless?) Around 12:00-18:16 "We are bringing shut production back in Clearwater, those well complete with IRR in market to Acquire assets... etc etc, I'm paraphrasing, just watch it.. "

As well as he talked about Gain infrastructure.




Note: In Mar 2020 presentation, it said they have budgeted 5-8 Million for q1 2021 to drill 4-6 ClearWater wells, oil averaged 25$-$30 WTI for the month of March 2020. Again looking at a generalized non-compliant 10000 foot view map isn't very reliable in regards to the ClearWater. The Companies Local map showing thickness and publicly stated plan for development when oil was half the price as now is a much higher quality in the Due Diligence stack.

Plus TVE for example in their area which is similar to ours just raised their type curve by 70% based on Ip30 data. So I think we will get a pleasant surprise in exiting production end of q2.

[quemaster] 17/3/2021 21:02

Normally I'm disappointed when I click on youtube links but the above was 2 minutes well spent lol.

[spurs90] 17/3/2021 20:59

@Drjimjones The Toscana asset history in 2016 the properties had a carrying value of $91 million when we bought them for 3 million $. The carrying value was 53.7 million in dec 2019. Notice to debt that was crushing them combined with collapsing oil price. From 2016-2019 assets were being written down due to declining oil/ng prices, impairment charges, etc, plus Clearwater oil formation wasn’t discovered until 2018 those 29k acres were carried at almost nothing on the books. Today Clearwater acres in our area due to thick pay zone go for 1000-2000$ with no production ( value 29k x average of 1500$ = 43.5 million not taking into acct production value) add it up Toscanas assets low end 53.7 million + 43.5 million = 97.2 miilion approx then add in value of oil production across company around 800b/d = 16 million at 20k per flowing barrel( industry price is typically 22-29k per flowing BOE) . = grand total of 113.2 million Canadian $. I3’s Current mc $133 million Canadian $. $3 million usd to buy a min of 113.2 million (91 million USD) in assets. Deal of the century. Good lesson on not over paying and not over leveraging a balance lest the wolves (i3) will eat you

[spurs90] 17/3/2021 20:57

@Drjimjones Clearwater is basically all oil, very little gas or water, open hole completions, no liner, no frac fluid or thermal injecting. Shallow just 500 meters in depth, It’s really incredible. That’s why wells are so cheap and quick to drill and payout quick. You don’t have to worry about dealing with water treatment and capturing massive amounts of gas, ultra low carbon emissions. The greenest oil wells in the world.

[spurs90] 17/3/2021 20:54

@Darcyslaw One tool I have found very useful in doing DD for Canadian o&g is Petroninja, maybe some of you are familiar with it? You can create a free user and get access to the basis information on wells, production, completion etc. Attached is a view of i3's main acreage and with Spur's development to the south. Spur is also drilling in township 78-3 but those wells are not on production yet. It would be great is development moves towards our acreage and thereby derisking it further.

[ark87] 17/3/2021 20:34

The great man has spoken. "Time to buy the fuc*king share now" ....

[neo26] 17/3/2021 19:01

Muddy1 acre in clearwater horizon can be sold between $1000-$2000 without production, i3e has 29k acres. Lets say $1500 per acre thats c$43m. I3e believe that 100mmbls can be recovered just from this acreage. Oil shows and samples have been taken throughout the acreage, its low cost and shallow wells. One well produces around 300bopd, drilled and conected within 30 days.Then theres the gain asset.Serenity is not valued at all in share price at moment, i3e believes they can recover 100mmbls. Currently without funding serenity can be valued at 50m on its own. Once noel well and toscana asset tap opens i3e will be producin over 10kboepd Imho

[neo26] 17/3/2021 13:07

About to announce maiden divi, yield close to 10%.Investors cant see bargain.. mkt cap 70mProduction 9150boepd + 500boepd from noel + production from clearwater.2p reserves 58mmboe.Cheap...

[markstevenkirby80] 17/3/2021 10:03

? Tell me what a swing trader is:))

[muddyfox0151] 17/3/2021 08:26

Canadian oil gas production can only increase . Joe Biden had a neat, nine-point plan for energy when he campaigned for president. He started putting this plan into action on his first day in the White House with the cancellation of the notorious Keystone XL pipeline and has since then continued with his tough stance on fossil fuels.The argument that this tough stance will, in fact, benefit oil producers has been made since the campaign trail. It went like this: Biden's fight for less oil and gas and more renewable energy will hurt U.S. oil and gas producers, but it will not reduce American demand for oil and gas, hence it will benefit the industry, just not the U.S. industry.The argument makes sense, and there is plenty of proof: after canceling the Keystone XL, Alberta oil producers increased the amount of oil they sent to U.S. refineries by rail-a less safe method of transporting crude, by the way. Biden's moratorium on new oil and gas leases on federal land was one of the factors that pushed oil prices higher earlier this year. And the Biden administration's attitude to Saudi Arabia may have contributed to the Kingdom's decision to extend its voluntary oil production cuts that contributed to the latest price rally.That last point was recently made by Schork Group principal Stephen Schork to Fox News. Schork said that in addition to making it clear that oil and gas were no longer a priority for the government (except in negative terms), Biden's treatment of Saudi Arabia had resulted in higher prices.

[muddyfox0151] 17/3/2021 08:07

At least I3e now on the radar D Jones research is honest and reliable. Clearwater was a steal, along with producing Gain assets , North Sea is free not priced in the share price . Purple your back for a profit this time .....

[purple11] 17/3/2021 08:02

im in for a few gla