I3 Energy Share Discussion Threads

[the patriotic irishman] 02/7/2021 09:39

07:21 Farm-out for the next serious leg up. 'HOLD TIGHT UNTIL THEN'


09:28 I have taken my original investment cash out



LOL make your mind up 😅 😅 😅

[goodday1] 02/7/2021 09:28

I have taken my original investment cash out.Still holding lots & lots.Bring on the Farm-Out news.Gl

[pretax2] 02/7/2021 09:27

Fozzie recon you’ll BE and show a profit with patience. I3e is transforming into a mid-tier producer. It’s tremendously exciting to watch and be a part of it.

[fozzie] 02/7/2021 08:48

A full page tip in latest Shares magazine. Says it is following a strategy proven by DGOC a ftse 250 company. I need 55p here to break even so has a long way to go.

[source] 02/7/2021 08:14

Good take Edgein! 8 leg wells can also be solid production to come & as WHI said "in the prolific Clearwater area"....Saw lots of comments with targets comparing i3E to itself (ie internal production improvements etc). but if you actually compare i3E to various similar peers it's woefully undervalued. Just to catchup with its peer group is multiples & then it still has to get rewarded for how good its wells & prospects are. Holding tight for a few years. P.s. anyone seen what oil & gas prices are doing recently?! Yet another potential booster....Regards

[cashandcard] 02/7/2021 08:14

More good news! Hopefully 10,000boepd before long.Cash

[oakey1] 02/7/2021 08:04

There’s a new WHI research note out today but unfortunately I can’t access it....can anybody else?

[jungmana] 02/7/2021 08:02

Just a reminder the taxman will not get much if any from us for a while;"Cash flow from the Proposed Assets would benefit from TEIC's US$89 million in accumulated tax pools"20p+ in the short term here imo

[imjustdandy] 02/7/2021 07:58

And with so much more to come. Farmout news soon too

[overeager] 02/7/2021 07:47

Very good - a 6% increase in production coupled with the increase in commodity prices Q2 vs Q1 - this is becoming a cash machine. A lot of that revenue growth will drop straight through to profits.

Add to that the additional growth already in the pipeline and this looks very good indeed.

(And fair play to them - they couldn't have been much quicker in issuing the promised quarterly info!)

[edgein] 02/7/2021 07:27

Yeah awsome stuff, most companies have decline rates so since the last operational update where the company was on about 8850boepd, they increased in the Q to 9,142boepd and are now at 9,353boepd and according to the CEO are about to experience 2 months of growth! I guess 10,000boepd looks doable in the short term.

Boy did they drill that Clearwater well efficiently, 8 laterals for a total of 13,000m drilled in about 2 weeks, that's some going even for a shallow well. On time and on budget with production this month, second well to be down in a couple weeks too. We should get further updates on the Wapiti and South Simonette assets at some point in the near future too as that'll be part of the 2 months of production growth ahead. Best still they're targeting oil production rather than gas with these current wells and operations, great timing with the oil price where it is.

Regards,
Ed.

[fandagle] 02/7/2021 07:26

Actually had to read the RNS a few times to full understand how good it was, although not not very deep, the horizontal drills are really impressive far removed form the liberator days...

[eringael] 02/7/2021 07:26

Ratio of oil / gas keeps on increasing and increasing the dollars

[goodday1] 02/7/2021 07:26

i3e Tweets#i3e is pleased to provide an operational update, reporting Q2 2021 average production of 9,142 boepd – production since the start up of the Noel well on June 17th has averaged 9,353 boepd.#i3e has drilled its first Clearwater well at Marten Hills, revealing very good geological characteristics, with all 8 horizontal lateral sections encountering 24-27% porosities and oil evidenced from shows on cuttings bit.ly/3AmVOAU

[imjustdandy] 02/7/2021 07:22

2 new producing wells on stream by the end of July. Amazing

[goodday1] 02/7/2021 07:21

Farm-out for the next serious leg up.Hold tight till then.The incremental & steady production growth is very much welcome.Onward and upward.Very happy

[jungmana] 02/7/2021 07:13

Am now in love with this company. Huge transformation over the last one year and is onwards and upwards to 100p by 2023 if all goes to plan and the oil price behaves as expected.

[pretax2] 02/7/2021 07:11

Another excellent update. The cash cow is getting fatter and the divi potential is growing. What’s not to like?

[imjustdandy] 02/7/2021 07:03

The good news just keeps coming

[goodday1] 01/7/2021 14:01

It referenced as power house.https://kalkinemedia.com/uk/sponsored/after-court-clearance-i3-energy-plc-all-set-to-announce-its-maiden-dividend

[edgein] 01/7/2021 13:59

I think its in the RNS from the 1/6/20 but I haven't got time to check that right now, have a look and see.

Regards,
Ed.

[edgein] 01/7/2021 13:57

Source,

Check the recent results released by the company, I think that's where they mention their latest hedges for oil and gas production.

Regards,
Ed.

[source] 01/7/2021 13:10

Agree, get everything we can at 1x NOI definitely !!! Be silly not to especially as their self funded broadly at this stage anyway. Edgein do you know how much of their production (if any) is currently hedged? & at what price? Thanks Regards

[edgein] 01/7/2021 12:00

Cash,

True distressed or non-core assets are probably what they're looking at. The last little acquisition was done on just 0.56x NOI so if they have more like that which then also opens up deve locations around those producing assets then its a win win for us longer term. They've done great so far with the recent acquisitions, so I'd be all on for more of the same. With the low levels of debt they sure would have options for RBL on the current and to be acquired asset(s), so they really are in a position of strength if the right asset shows up at the right price.

Regards,
Ed.