I3 Energy Share Discussion Threads

[corgies2] 31/5/2018 09:12

Haider suspect by awarding to us more money and quicker for the Treasury as well as us

[coscos] 31/5/2018 08:53

Need some strong follow through buying to take us to next level. Looking promising.

[ducati2345] 31/5/2018 08:44

I would guess they went in with a giver us it now or forget it philosophy eg they wouldn't be back next year, justget on with what they have and call it a day. This suggests strong funding behind them if they were prepared to be aggresive

[haideralifool] 31/5/2018 08:35

That use of the word 'aggressively' was curious. It was used more than once. Anyone able to explain what it means in this context?

I assume we're not talking about i3e holding members of the OGA by the collar during discussions.

[scotty666] 31/5/2018 08:34

(C)aters #2046, very funny sir :o)

[someuwin] 31/5/2018 08:34

valuation still only £40m.

Should be in 100s of £m this time next year.

[corgies2] 31/5/2018 08:31

H Potter ....very interesting post.
In the vox interview 2 words got me thinking .. an IMPEDIMENT . was removed and we pursued the license application AGGRESIVELY .
Supposing the license had been awarded to another company then our target could extend over the artificial straight line of the block boundary in to this other company's ownership . So either risk a protracted legal dispute with an optimum drill location or don't risk it with a sub optimum drill.
Just the musings of a non oily /non geo and academic now . If anywhere near the 'truth', the move from indicative funding to signing on the dotted line might be more interesting ..more equity retained ?

[che7win] 31/5/2018 08:26

Chart looks strong for a run up.

[ducati2345] 31/5/2018 08:25

Doubt they have cleared I would expect another big sell during today to drag it back a bit,

[caters] 31/5/2018 08:07

Yes, you - last week ;-)

[a2584728] 31/5/2018 06:53

Has a seller been cleared

[craffert] 31/5/2018 00:57

Straightforward strategy:

(1) Obtain preferred license to turn Liberator into Liberator Max (tick)
(2) Obtain the $200mn funding to extract the oil (coming soon)
(3) Do a deal to acquire tax losses to protect the cash flow generated (await)
(4) Drill, extract oil ridiculous cashflow (await)
(5) Pay back funding partner as fast as possible
(6) Do it all again from the Liberator cash cow


[ And all realistic / do-able within 18 months to 36 months ]

[showme01] 30/5/2018 21:04

Westy, that would be great if you could as I think there could be a lot of activity here soon. Nice one getting in on this :-)

[chopsy] 30/5/2018 21:01

Thx, nice map.

[hpotter] 30/5/2018 20:34

The Development section of the i3E website has a Table and Map.

The Map shows a DC (Drill Centre) at the location L2 Production Well was going to be drilled from before 13/23C was awarded. We know from the Phase 1 CPR that the L2 location was not the optimum location, and presumably the DC will now be a bit North West of this original location.

Interestingly, the text states 'The above Table and Map are presented to clarify the location of the respective reserves and resources ascribed to the Liberator trend, and the contemplated phasing of appraisal and development'. A circle is drawn around the DC with a radius which states 'DC drilling radius reaches 30+mmbbls'. Move the DC a little and the circle covers all of Phase2 East.

No stand alone vertical Appraisal Well for Phase2 East is mentioned, which to me suggests that they are so confident of finding oil in Phase 2 East that they are just going to drill a Horizontal Production Well from the DC as the Phase2 East Appraisal well. They have said that they intend drilling this well Q4 2018, which must be straight after drilling L1.

[showme01] 30/5/2018 19:50

Focusing on income and profit before tax. i3e have said extraction costs are $25 per barrel with Liberator. Farm in funder gets up to 33% of the asset. Other overheads will be general company overheads, royalty to OGA and interest and capital repaid on the loan. Even if i3e clear $20 pre tax, that is $200,000 per day on 10,000 bopd, $400,000 on 20,000 bopd and they could get up to 30,000bopd with an aggressive back to back drill plan. i3e could be clearing a couple of million pounds per week.

[coscos] 30/5/2018 19:41

I was also surprised by the little availability placing orders online, hence why I topped up at 92p.Fardel.....lol

[fardels bear] 30/5/2018 19:16

I thought they could stay open as long as they liked now, coscos.

[showme01] 30/5/2018 18:27

I think the 113,880 at 92p yesterday was certainly a sell and the 52,500 reported after hours today at 104p is also a likely sell as the mm were looking for shares. Guess they have a buy order as buying in quantity was hard today after the initial sell off at 92p.
Looks like JCAM might have forward sold a lot of the shares or they are waiting for funding news too. Either way, this could have a bit of a run up to news which I was not expecting.

[coscos] 30/5/2018 18:17

Any ideas on the after hours trade?

[begorrah88] 30/5/2018 17:54

Great post Stamford

[stamford hill] 30/5/2018 17:23

Could be on to a winner here Trig could be on to a winner. Play it nice and cool son nice and cool ya know what I mean..

[mr. t] 30/5/2018 17:18

Nice day today for i3e's share price, and Brent is rebounding strong. I look forward to tomorrow ?