I3 Energy Share Discussion Threads

[stamford hill] 26/5/2018 14:26

I hope your right showme01 as I respect your opinion. Im certainly not trying to drive the price down as Im fully invested here. Just watched the interview again with NC and GH on proactive. Feel much more reassured. I think I was expecting funding news on the same day as the 30th round awards or the day after as some had alluded too. A bit more patience required from me thats for sure..

[euclid5] 26/5/2018 11:10

CahCard,

Whats the P50 figues on the below please?



The Liberator discovery in Block 13/23d contains 30° API oil trapped within the Cretaceous Captain reservoir. With the addition of Block 13/23c, Liberator and Liberator West together form a single elongated structure, 10 km long and 4 km wide, which potentially contains a range of 48 (Low) - 237 (Best) - 490 (High) MMBO initially in place. With the block award, i3 now owns 100% of these potential volumes.

" AGR estimates the appraisal of Liberator West to have a 70% chance of encountering commercial hydrocarbon volumes "

[showme01] 26/5/2018 11:04

Placing. No way. If they were going to do a large placing, they would have asked for the share authorities at the recent GM. They will be announcing a funding package shortly. Do you really think the BoD want to dilute their substantial holdings in i3e? Do they need to? The answer to both is no. Certain posters have cropped up here to drive the price down next week as JCAM will continue to sell into the price. IMO they have forward sold a good chunk already and I'd do the same.
Forget daily price movement. This will be £2-3 within days of the funding announcement imo and then institutions will start buying in and take it gradually higher. Once the 30th round reserves get proved up at the end of the year, expect a further increase and watch the share price fly once they start generating 15-20,000 barrels of oil per day in 2019.
Keep focused on these events and you will make a lot of money from here imo.

[fardels bear] 26/5/2018 10:07

Everything we've been told points to the way it's being funded. $200m for 33% and their money back out of future production going forward.

[begorrah88] 26/5/2018 09:07

I personally don't think there will be a placing as that would require shareholders approval at an EGM/further delays etc and I don't think it is a viable probability to raise the required funds.

I think it will be a JV possible farm out deal next week.

Maybe the board have asked for final best terms offers now that the licence has been awarded and have given a cut off date. End of the Month would seem plausible?

All absolute conjecture and based on nothing at all btw

[caters] 25/5/2018 22:31

Who's the blue advfn subscriber hitting every thumbs down button?

Are all those posts worthy of a thumbs down?

LOL... the "watch out - here comes a placing" brigade have started spreading theirfear just after close of trading, before a bank holiday weekend and before major news is due. Looks like some people hunting for a cheaper entry.

Let's hope the funding RNS lands on Tuesday morning!

[jungmana] 25/5/2018 21:21

The $200m funding deal should be concluded soon imo. Yes we could have a placing but that will be very small. All is going to plan imo and our excellent BOD are hard at work.

[underdog1] 25/5/2018 21:07

That was also reiterated by Graham and Neill on the proactive investors interview.

[jon1962] 25/5/2018 21:05

How could a sub 40 mill cap do a placing to raise 200 mill dollars or a huge amount to develop their assets!

[jon1962] 25/5/2018 21:04

They want to spread fear of a placing to get in cheaper in my opinion

[coscos] 25/5/2018 20:50

Think Macy said little or no dilution from the conversations he'd had.

[begorrah88] 25/5/2018 20:37

A placing to clear JCAM would be fine but would serve no purpose as the CLN's are effectively that anyway? Might be marginally cheaper due to the CLN termsDucatiIf they are planning a placing (would seem unlikely as they would be unable to raise much given the market cap) then it could be on a 2 for 3 basis at a discounted price etcSo, for every 3 shares you hold you can buy 2 at a discounted price. The overall impact of this is it takes the whole share price down. It wouldn't raise much so can't see what benefit it would provide but it would explain why instis are selling downI am probably talking absolute nonsense btw but just trying to put some rationale to the appetite for selling when I expected the oppositeAnother consideration is that many oilers have experienced a similar sell down over the last couple of days (I know i3e isn't an oiler yet) but it has a bit of a market wide/oil feel about it that may be completely independent of I3e.Fingers crossed for an early funding conclusion next week and a serious rerating

[caters] 25/5/2018 20:13

There may be a placing just to pay off JCAM's last $1m CLN ... that would be a good thing as fewer shares would end up being issued (unless the placing price is at 40p or less).

But NC & GH will try to avoid a placing where possible as they don't want to dilute themselves, but if needed, they'll do a placing.

If a small placing is needed as a part of the total funding package, then it will unlock a lot more value than it costs.

[2prsimo] 25/5/2018 18:36

I think it's almost certain now that there will be a placing; however small, as part of the wider funding package

[jungmana] 25/5/2018 18:34

The after market reported trades are all from yesterday. Can't say if they are sells

[stamford hill] 25/5/2018 18:18

Yes, I think you could be right begorrah88 with regards a placing. If another funding package was ready to go it would have been announced surely(see my attached link to the OGA).

[ducati2345] 25/5/2018 18:00

BegorrahCould you expand on that selling down theory , not sure I understand what you mean

[kierandoberman] 25/5/2018 17:57

Hope I am wrong, but it does same there is something playing out in the background the way things are panning out with regards to the share price ups & downs

[begorrah88] 25/5/2018 17:48

I wouldn't like to think existing institutional investors have been given a nod and are selling down to take up a placing but it would make sense of the readiness to sell from them.

[ducati2345] 25/5/2018 17:48

Are they all sells

[kierandoberman] 25/5/2018 17:36

Think the after market trades confirm your post ?

[cashandcard] 25/5/2018 16:42

Funding Arrangements:

OGA recognises the flexibility and variety of funding arrangements and we do not want to be prescriptive in this respect. However, some of the ways funding deficits can be met include.

Issue of additional share capital: Provide details of the proposed share issue, together with documentary evidence that (a) the funds are available and have been irrevocably committed to the share issue by the investor(s), or (b) the share issue has been guaranteed/underwritten by a recognised financial institution or stock brokerage (future share issues will not be acceptable without such evidence). Arrangements with financial institutions or stock brokerage firms whereby they undertake to raise equity on a “best efforts” basis will not be considered as adequate evidence of funding.

[i like trees] 25/5/2018 16:33

Westy. Welcome to the party 🤑

[stamford hill] 25/5/2018 16:32

Im expecting funding news next week