I3 Energy Share Discussion Threads

[coscos] 30/5/2018 09:20

Picked up a few more.

[chopsy] 30/5/2018 09:17

Only teasing, you get so many stalkers on these boards subtly altering genuine posters handles....

[caters] 30/5/2018 09:07

chopsy,

I registered the username on my desktop, so caters was here first :-)

When I move from the iPhone to the desktop, I get logged out of the iPhone and I have to log into the desktop (and vice versa).

I type in 'caters' into either, use the same password, and then we get the Big C / little c anomaly ....

hey ho.

[caters] 30/5/2018 09:01

here come two more 2,500 :-)

[caters] 30/5/2018 08:58

Just to while away a few minutes, when Ithaca was taken over by Delek, the financial statements said:

"Total proved and probable ("2P") reserves as at 31 December 2016 have been independently estimated by Sproule(1) , a qualified reserves evaluator, as 76 million barrels of oil equivalent ("MMboe")."

Ithaca was producing about 9,500boepd and was about to switch on Stella's production with a further 10,000 boepd expected bringing anticipated 2017 production to around 20,000boepd.

Ithaca had about $600million of debt and was taken over for about $1.25bn including debt (or something huge but not huge enough for the shafted shareholders) when oil prices were still low.

I3E may not get as far as Ithaca, but IF Phase 2 West (51% gCOS) does have oil, then there will be a lot of it on best CPR estimates, and I3E may have something around 80MMboe.

Using Ithaca's $16/barrel yardstick, then that's a lot of money for I3E.

Financing news soon - JV partners will want some of this.

[scotty666] 30/5/2018 08:58

Picked up another 10k worth (NT) a little higher than I planned. Price is 92p to buy and sell so who knows which way it will go ST but happy to load up pending funding news.
Good Luck

[chopsy] 30/5/2018 08:56

So who is the real C/caters and who is the imposter?

[showme01] 30/5/2018 08:48

This is a good opportunity to buy some cheap shares due to JCAM selling their converted loan notes. Won't be long before there is nobody selling into the market apart from investors and then we are back to normal supply and demand driving the share price.
I never contemplated trading this as I knew that JCAM would drag it down but funding news could land any time now and there is no way I'm missing out on huge gains to make an extra 10-20% by trading it.

[begorrah88] 30/5/2018 08:37

ha! cheers

[caters] 30/5/2018 08:35

I have no idea why it does this :-)

[caters] 30/5/2018 08:35

but when I post from desktop, I'm caters.... !

[caters] 30/5/2018 08:34

When I post from my iPhone, I'm Caters....,

[5chipper] 30/5/2018 08:29

Stirling effort Caters. Keep it up!

[begorrah88] 30/5/2018 08:29

Well done caters

btw

Why do you sometimes have a capital and sometimes not? never seen that with other posters? just curious

[caters] 30/5/2018 08:27

that's me and someone else :-)

[begorrah88] 30/5/2018 08:24

We do have to thank our lucky stars that they were awarded the licence!

Wouldn't like to think what would be happening if they hadn't

Have to raise a glass to the 2500 buyer who is doing his best to turn the tide but finding hard going against a strong current

[2prsimo] 30/5/2018 08:15

Very disappointing; given the euphoria of last week - not long until its back in the 80's :(

[caters] 30/5/2018 07:59

Morning,Yes, some of money raised at the placing at the end of Jan was to buy long lead items. I hope some of those were for Phase 2 East.The Nov 2017 CPR had a 90% chance of award of the licence, so one hopes that the BoD took a view and bought.

[haideralifool] 30/5/2018 07:32

caters aren't oilcos forced into chicken counting when it comes to ordering long-lead items?

[ducati2345] 30/5/2018 01:35

Some nice information, I ran this company past a retired oil exec at airport last night whilst chatting to him, he had a look at some of figures posted here and the current status etc. He could see no reason whatsoever that funding would not progress within next 3 weeks and his opinion is this should be a company worth north of 100 million within 6 months.he did think talk of 250 million would be a very long term play but Nice to have some confirmation.

[thegreatgeraldo] 30/5/2018 00:01

Presumably the millions spent on wellheads & xmas trees won't go to waste....

[caters] 29/5/2018 23:26

lol ... isn't that known as counting your chickens?

[thegreatgeraldo] 29/5/2018 23:15

Hopefully the subsea kit they've ordered took into account the possibility of success in Round 30.....

[showme01] 29/5/2018 23:06

tgg. All in good time.