I3 Energy Share Discussion Threads

[scotty666] 01/6/2018 09:07

Funding news is coming and all indications are it will be on good terms for the company hence shareholders, which day or week who cares it will clearly not be long.
Relax and enjoy.

[someuwin] 01/6/2018 09:07

Expecting £2.50+ by year end.

[caters] 01/6/2018 09:06

leaky leaky ???

[2prsimo] 01/6/2018 09:06

hello - where did that come from - 119p paid

[caters] 01/6/2018 09:02

I suspect we'll have a few holders reducing if we don't get news by the end of June.

[begorrah88] 01/6/2018 08:51

I'd 'kin hope so!But if there is a criticism that can be legitimately levelled at the board it is their tendency to talk about funding rather than complete it.

[coscos] 01/6/2018 08:33

News before AGM on the 28th?

[caters] 01/6/2018 08:33

Funding news must be close if I3E want to have a high-impact appraisal program (note, program) in 2018. Also looks like Phase 2 West may get a poke as well as Phase 2 East (edit: but not in 2018).

Make hay whilst the sun shines.

[coscos] 01/6/2018 08:27

i3 Energy will be well placed to deliver first oil in 2019 upon the completion of certain funding initiatives currently being undertaken by the team.Should be some news soon then.

[chopsy] 01/6/2018 08:23

80m barrels, vs MCap of £40m. That's just under two barrels per share. At Itaca take out indicative of $16 per barrel, that's over £20 per share. I'd say we were undervalued.

[chopsy] 01/6/2018 08:19

I'd say no problems, just options. They are playing a longer game, but the result may be better. I like the bit about looking for other assets that will increase shareholder value.

[yellowdog] 01/6/2018 08:11

Not much on funding in the results - problems?

[begorrah88] 01/6/2018 08:07

Live share price keeps moving between 108 - 113 and 113 - 115 [5 times so far this morning] so not sure if we have a MM's with a glitch or someone keeps putting up 2500 on the bid only for the seller to take them [did it 4 times yesterday]

Oh well

[showme01] 01/6/2018 07:46

Possibly but why pick Canada's largest broker? Graham Heath is Canadian and his family still live there.....
They will need some shares to kick start a TSX listing. Maybe a timely home for the rest of JCAM's shares?

[begorrah88] 01/6/2018 07:37

They might just have got fed up with W H Ireland [WIRE]!

[showme01] 01/6/2018 07:32

Very upbeat and focused 2018 looking for further assets!

Looks like a joint listing in Canada is coming? Canaccord Genuity appointed.

Canaccord Genuity Group Inc. is a global, full-service investment banking and financial services company that specializes in wealth management and brokerage in capital markets. It is the largest independent investment dealer in Canada. The firm focuses on growth companies, with operations in 10 countries worldwide and the ability to list companies on 10 stock exchanges. Canaccord Genuity, the international capital markets division, is based in Canada, with offices in the US, the UK, France, Germany, Ireland, Hong Kong, China, Singapore, Australia and Barbados.

[begorrah88] 01/6/2018 07:23

We also extend thanks and gratitude to our shareholders for their continued support, appreciating the patience and steadfastness required to endure value creation during the early stages of our venture. We've found ourselves better positioned this year than last and are looking ahead with great expectation.

[begorrah88] 01/6/2018 07:20

The Company's focus for the remainder of 2018 will be on 4 key areas:

1 Continued advancement of a safe and robust Liberator development with targeted first oil in 2019.

2 Target a high-impact 2018 appraisal programme on the Company's 30th Round Award Block 13/23c (Liberator West).

3 Efficient funding of the Company's development and appraisal efforts, with a focus on joint venture partnerships.

4 The sourcing and capture of accretive development and production assets, and consideration of transactions that enhance capital efficiency.

[mirabeau] 01/6/2018 07:15

RNS - results

[showme01] 01/6/2018 00:35

This says it all imo. Twitter conversation this evening on i3e.

Redmirres
‏

.#i3e dynamics have changed based on the $200m proposal. Drill A1 immediately followed by revised production wells LP1 & LP2 then bring A1 online and possibly A2. Bleo Holm is only processing 10k bopd with a 100k bopd capacity. Can easily take increased throughput 30k-60k bopd
12:03 PM - 31 May 2018

6 Retweets
15 Likes






Replying to @Redmirres
Nice thinking on the plans. By A1 do you mean phase 2 east and A2 phase 2 west?
Do you think they'll only need one appraisal well each?

Redmirres
Something along those lines. I’d imagine they will only target a single appraisal well to book reserves and prove their theory.
Naturally they would be named LP3 & LP4
‏
Replying to @Redmirres
Bleo Holme & the existing partners are dying for extra throughput. Liberator Phase 1 & 2 will push CoP way out and as your say, plenty of extra ullage and Gas lift capacity. Seems like for every party involved, funders, i3 & existing partners everyone win

[underdog1] 31/5/2018 18:11

Great move up today on low volume. Thanks once again for your input showme.

[reg1967] 31/5/2018 17:55

Showme01- Thanks for the update and his opinion, much appreciate as i have said to you before

[thegreatgeraldo] 31/5/2018 16:57

They seem quite keen to drill the app well on phase 2 east; it would then seem quite logical to drill the explo well. Ideally, funding allowing, drill the app well & if that turns out well, move the rig to have a poke around in phase 2 west.... then firm up development plans......

[caters] 31/5/2018 16:51

It's 'share the risk' time for NC & GH: agree the funding then drill the wells, I hope.

[showme01] 31/5/2018 16:47

Begorrah, I have mixed thoughts too but Graham Heath has raised a lot of money in the past and I think we have to trust his judgement. Neill and Graham have so much skin in the game, it is that which gives me comfort.
I still think after speaking to him some weeks ago that the $200m package is the route they will take.