I3 Energy Share Discussion Threads

[fictitious1] 05/5/2021 08:33

Added this morning. Most 9.87/89 are buys. Mine listed in sell column!

[neo26] 05/5/2021 08:24

The canadians are still in bed,

[goodday1] 05/5/2021 08:18

This will not move until the seller's order is done.Why can't the MM get more for their seller!

[markstevenkirby80] 05/5/2021 07:57

Happy days

[imjustdandy] 05/5/2021 07:46

Couldn't wish for a better update. Oil on the rise too. Can see this back above 20p in no time . Dividend to come too.

[begorrah88] 05/5/2021 07:46

I must be reading something different!I'm reading same old, same old I3E - everything is great but we can't actually sort that divvi we said we would do & Serenity farmout is still 'progressing'.A bit like the Liberator farmout was always progressing until it wasn't & all ended in an unholy mess.

[neo26] 05/5/2021 07:43

Remember the 38m doesnt include noel find...They have farmed in further in clearwater.

[edgein] 05/5/2021 07:36

Yeah lovely stuff fellas, strong operational performance, significantly higher cash flow (over 20% higher than expected this year (C$38m vs C$31m). Pretty immediate drilling plans to grow production with those 6 wells only costing US$7m. Earning into lots more acreage as you chaps suggest. Serenity FO continues with parties, hopefully that will conclude soon and maiden divi now sounds like its very close. Looking forward to the divi and the kick off of drilling action very soon. Incredibly low cap given operational performance and reserves. Also around 3500boepd of their gas hedged at a strong price of C$2.83/Mcf or about US$2.30, Canadian gas prices dip below that quite a bit. Very good set of results with fairly minimal natural decline.

Regards,
Ed.

[neo26] 05/5/2021 07:27

Additional clearwater acreage farmout

[spurs90] 05/5/2021 07:24

Highlights:

· Q1 2021 average production of 8,856 boepd, outperforming expectations

· Financial discipline maintained, with an initial hedging strategy implemented and 2021 full-year net operating income expectations increased to CAD 38mm (USD 31mm)

· Significant initiatives in the Clearwater play

o Planning for an appraisal and development drilling programme at Marten Creek following successful oil appraisal recompletions

o i3 has farmed into additional Clearwater acreage and will earn up to 29.4 km2 through drilling activity, with the first two wells of a potential nine-well commitment being spud at Marten Hills in May

o Acquisition of additional 17.9 km2 of Clearwater acreage through recent Alberta Crown Land Sale

· Noel gas well expected to be on production during June

· EGM to approve dividend expected to be called shortly

Very good update!!

[jungmana] 05/5/2021 07:19

Fantastic update. Should be at least 2 times todays market value Imo

[imjustdandy] 05/5/2021 07:15

EGM any day now. What a turnaround

[imjustdandy] 05/5/2021 07:12

Outstanding update. All KPI's exceeding expectations and dividend imminent after balance sheet restructure

[source] 05/5/2021 07:10

No dividend detail yet... :(

[imjustdandy] 05/5/2021 07:02

BOOM - what an update

[jezzoo] 04/5/2021 21:23

You might as well email God.

[goodday1] 04/5/2021 14:09

This been walked up to meet the price across the pond.I have emailed the company!

[neo26] 04/5/2021 12:38

Oil averaged over $60 in feb and March , in jan it was mid $50...

[edgein] 04/5/2021 11:13

The way the oil price has been since the start of the year the Q1's should make for some interesting reading. I hope given the current oil price they've some ambitious plans for getting those PUD reserves into production this year adding to their already impressive totals.

Regards,
Ed.

[spurs90] 04/5/2021 10:49

WTI $65.68 Brent $68.87

[goodday1] 04/5/2021 09:08

You can sell loads & loads!Looking very promising

[neo26] 04/5/2021 08:08

Closed at 10.25p in canada yesterday.Update is imminent...

[36redhill] 04/5/2021 07:34

ShareSpending spree to send oil prices soaringReopening of global economy set to lead to a record jump in demand for crude and copperTom ReesTim WallaceOIL and metal prices are poised to surge in coming months as Britain and the US launch a once-in-a-generation infrastructure spending spree and the global economy roars back to life.Market strategists are bracing for the biggest jump in oil demand ever after drivers returned to the roads en masse. Crude is forecast to hit its highest level in three years, ultimately driving prices higher at the pump.Meanwhile president Joe Biden is about to launch a $2 trillion (£1.5 trillion) programme to rebuild America's crumbling roads and bridges, while in the UK Prime Minister Boris Johnson has talked about the need for a recovery led by investment in green energy.Goldman Sachs has predicted a 14pc jump in commodity prices over the next six months, pushing a broad measure of metals and oil up to its highest level in more than six years.The Wall Street bank expects copper to rise by over 10pc to reach more than $11,000 per ton by the first quarter of 2022, while Brent crude, the UK benchmark oil price, is set to hit $80 per barrel – a level not reached since 2018. Goldman expects demand to climb by 5.2m barrels per day over the next six months, 50pc larger than the previous record increase.Metal and oil prices have bounced back sharply from last year's nadir when swathes of factories were shut and millions of drivers stayed home. In America, oil briefly entered negative territory because demand had dropped so low that the country started to run out of storage space.'Metal and oil prices have bounced back sharply'A wave of consumer spending is now being predicted as vaccines bring the crisis to an end. There are fears that the infrastructure splurge could even lead to some shortages, particularly of metals required for clean energy investment and electric vehicles.Jeffrey Currie, head of commodities research at Goldman, said: "It is important to remember that commodity markets are driven by volume, or the level of demand. The magnitude of the coming change in the volume of demand – a change which supply cannot match – must not be understated."He said president Biden's New Deal-style spending on the green agenda will be crucial to pushing up prices, with copper-intensive climate spending at the centre of surging demand.The White House is reportedly planning to generate 80pc of the US's power from renewable sources by 2030.John Meyer, head of research at share price Angel, said the push is sure to drive strong demand for copper and rare earth commodities essential for computing and battery production.He said: "Logistics, disruption, raw materials and Covid-19 working practices are all coming together to fuel inflation." The spending jump is already feeding through to higher inflation. Oil's sharp recovery has pushed petrol prices in the UK up to an average of more than £1.25 and diesel has climbed to almost £1.30 per litre, up from £1.15 and £1.20 respectively at the start of this year and below £1.10 and £1.15 at this point in 2020.British factories are reporting the steepest increase in input prices for four years, according to PMI business surveys run by IHS Markit. Manufacturers in turn are passing on those costs, with price hikes on a scale not experienced for a decade.

[goodday1] 01/5/2021 12:39

From LSE!Q1 updateToday 11:20Quite a few canadian oil companies are issuing their q1 results on monday after hours. Someone on the ceo board phoned i3e corp lady as he calls its and she stated i3e are exempt from having to file to the proper standards due to dual listing.So a quick update on q1 and what they plan to do with the rest of the year should suffice. With the directors and employees receiving options its safe to assume they surpassed their objectives in the last 12 months.So heres hoping for a good next week.

[fardels bear] 01/5/2021 11:05

I've got huge deja vue here from three years ago. Albeit the share price is ten p now rather than a quid. Happy days.