Share Name Share Symbol Market Type Share ISIN Share Description
I3 Energy Plc LSE:I3E London Ordinary Share GB00BDHXPJ60 ORD 0.01P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 6.10 0.00 0.00 0.00 0.00 - 0.00 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -2.0 -5.0 - 7

I3 Energy Share Discussion Threads

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what has this got to do with the price of cheese in Bangladesh?
News Tues 21/04/2020 Andrew Austin, CEO of London-listed RockRose Energy, said in an interview. "Among RockRose’s assets, Austin noted a decision is due on development of a project known as Tain, which lies near Blake and Ross, a pair of fields that have been producing for two decades. Operated by Spanish-Chinese venture Repsol Sinopec, RockRose holds 31% stakes in Blake and Ross and 50% in Tain. Austin said Tain was still under consideration, but the production vessel for Blake and Ross was set to remain in place until 2029. “Again, the more hydrocarbons you can get across the vessel, the better the economics,” he said. Source: Platts
Still going well here I see
There has been a lot of speculation that the debt on i3e's balance sheet will bring the company to its knees when the bond holders call in their loan and that this is a major reason for the share price fall. From what I can see the principal debt is a £22m loan (Junior facility) and this was used along with a £19.5m fund raising at 37p to pay for last years drilling campaign. Importantly, the loan is repayable in May 2023 and interest payments can be paid with new shares rather than cash at i3e's option. Although we need a FO or a RBL agreement in place for future drilling commitments, i'm reassured that the £22m loan note does not mature until May-23, so shouldn't be an immediate worry. This should give the company sufficient time to carry out its strategy of acquiring low cost production assets as well as not being time pressured to accept a poor FO deal.
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