I3 Energy Share Discussion Threads

[basem1] 03/12/2021 08:30

That is how I see it and I added a further 300k shares yesterday between 10.77 and 10.925 I am out of powder now unless I pull other investments

[highly geared] 03/12/2021 08:23

I still maintain the drop from 14p is a major placee from the summer raise, reducing or disposing of their holding, which they want to complete prior to year end. If so, the next 2-3 weeks may be rough but I’d expect a puck up after that. £111 market cap is crazy for a business with long life low decline Canadian wells generating annual £80 million NOI...

[basem1] 03/12/2021 08:15

Well the chart is sat on 3 support levels on the one year. I am hoping support holds and that we are blue by the close. The Canadians certainly aren't helping things either

[goodday1] 03/12/2021 06:48

For the snowflakes amongst.Oil rises as OPEC+ sticks to the January output hike.The same report from a different wire.OPEC and non-OPEC oil producers, an influential group known as OPEC+, decided on Thursday to stick to a previously agreed upon plan of hiking output by 400,000 barrels per day in January.However, the alliance said in a statement that "the meeting remains in session," meaning they can "make immediate adjustments" should the current market conditions shift.hTTps://www.cnbc.com/2021/12/02/opec-meeting-oil-supply-in-focus-amid-omicron-covid-variant-fears.htmlGl all

[goodday1] 02/12/2021 19:46

Do not be a Woke, mate.HahahahaIt is a news report & all agencies, papers & even the rags a snowflake reads may cover it.LolNo need to reply, mate, I am going to leave you in your Woke world.Thanks

[goodday1] 02/12/2021 17:46

hTTps://www.theguardian.com/business/live/2021/dec/02/markets-jittery-omicron-opec-meeting-oil-stock-markets-business-live?filterKeyEvents=false&page=with%3Ablock-61a8d3b38f0834fdda512b84OPEC+ has agreed to go ahead with its planned January oil output rise of 400,000 barrels per day, two OPEC+ sources said on Thursday.Amena Bakr, chief Opec correspondent at Energy Intelligence, has tweeted that the group seems to be in agreement about sticking to their current policy:The Oil price & as we speak is around 2 per cent up.We shall wait & see the actual communique!Gl all

[goodday1] 02/12/2021 09:41

Let us do it, i3e.The North Sea on, Farm-Out or not.If you will work long enough, hard enough and enthusiastically enough, sooner or later the effort will bring forth the reward.When the Going Gets Tough, the Tough Get Going.Don't Farm-Out double the reward.----Oil in positive territory while waiting for OPEC+ meeting outcome.No 400K barrel a day increase in production.Turkeys don't vote for Christmas.Gl all

[tonynorstrom1] 02/12/2021 07:07

Just continuing on this theme of Serenity is too risky and should be abandoned. Lets assume that we get a 50% carry on one well - that sets us back about $8m. At current oil prices I3E is earning around $7m per month in FCF. That’s all your bills paid - including finance charges, maintenance capex etc and $7m free to blow on any development. So for the cost of just over 1 months FCF - you have the opportunity to potentially double the revenue of the whole Company. In a worst case scenario you’ve flushed a months worth of FCF down the toilet. It doesn’t sound like a whole lot of risk for a potentially Company making reward. And given we are invested in a Junior Oil and not a Company making toothpaste and toilet rolls -‘it sounds like exactly the kind of calculated risk I3E should be taking !

[kaos3] 01/12/2021 19:22

as far as I know - before committing to the field development (or before that - further exploration) - a preliminary contract for the product off take is usually signed - a major usually

an industry insider would know if such letters were signed recently by the majors - or are they in the "CO2 avoidance" mood - not taking on any new NS business

no such off take letter - no FO - no development

just a thought - what is going on - in the inner circle

it could not be i3e specific

PS - thnx Jungmana
PPS - after listening - I am at peace again. Serenity FO - not going alone.
they lack Canadian development capital - so they need loans AND a partner to develop S Simonette ...

[jungmana] 01/12/2021 19:01

https://youtu.be/cN6STgLIEWg

[goodday1] 01/12/2021 18:03

I thought a monthly operational update is a requirement for the Canadian market or am I wrong?Could I have got the wrong end of the stick?Thank you for correcting me.Gl all

[goodday1] 01/12/2021 17:07

We all take differing views as to the potential of the position of i3e on the NS.I would love it & happy to invest in a drill during the upcoming year.I think the BoD & the major shareholders are on board with that thinking.Let us see what happens & everyone will have plenty of time to assess the risk-reward ratio & act accordingly.---Very puzzled by the no update in November.I do hope they are lining their ducks!---Canada up but on a very low volume.---Still waiting on OPEC+ maybe it will be Thursday/Friday before we have any white smoke.Gl all

[cashandcard] 01/12/2021 16:23

Tony,Some fair points. Serenity model is much larger than Lib east. But the overall Liberator East & West campaign had a large amount of OIP and expected recovery factors modelled against that. They came up with little and actually confirmed the industries skepticism about Liberator reservoir models not being as robust as I3E made them out to be. Here is the problem, you have faith in management estimates and projections. Once upon a time, I did aswell. But what do you expect management to do apart from talk it's own book up as much as possible? Surely as an investor all of us here should be questioning, probing and scrutinising the plans. Ultimately, management answer to shareholders, large or small. Ultimately, whether me or you have faith (or not) doesn't really matter, it's whether the industry does, they are the independent third party that can take a look and validate the model. That we are still waiting to see.Leaving that aside, I do not see the point of chasing the NS when we have a known roster of development drilling locations (hundreds) that are easy and pretty repeatable plus do not take an age to connect to sales. Leave Serenity and if anyone is interested, they can come knocking.Cash

[ziblot] 01/12/2021 15:27

Well we are going to be told the budget set aside for CapEx. This is the proper way to run a company. Serenity? I'm the same as Cash Card. We need one drill at $12mln and two sidetracks @ $. I've got no faith, the data rooms been open long enough which tells me, we will share a large portion of the risk. We cannot afford to go it alone, Canada is what's saved the company.

[tonynorstrom1] 01/12/2021 13:01

Dunderheed,

It’s probably the same reason that Cambo is not officially announced (along with other projects) though they have already started work.

“Surely the best course of action….”; Couple of comments on this:
1) this is your opinion only - does not make it right or wrong
2) This is maybe what they have done already !

Leave it is the other option - though not permanently IMO. If they don’t farm out now - I would leave it 6 months or so , concentrate on Canada and then review the situation. If conditions are favorable, either farm out or go it alone.

[cashandcard] 01/12/2021 12:53

They have a discovery hole and they need atleast 2 appraisals to confirm whether the reservoir actually extends much beyond that and is a thick enough section aswell. It's a huge leap of faith to go from discovery hole to 100mln bbls without there being a deal on the table let alone confirmation of aerial extent via actual drilling.Liberator was thought to be (locally) sizeable aswell, look what it came to. Let's not get ahead of ourselves here, it's high risk and no guarantees the reservoir will extend. Minimum I want to see is a partner that shoulders all the costs. Otherwise they need to move on.Cash

[goodday1] 01/12/2021 12:50

That is over 53K pounds.All will come to the ones who wait & that including Serenity.Onwards & Upwards.Gl all