I3 Energy Share Discussion Threads

[fardels bear] 19/6/2018 18:20

The wife and I acquired HALO shares in the wake of another Bramhill fiasco. The only bit of the whole shebang that might make us a bit of money back on the sorry deal. I could swing for that bloke.

[mr. t] 19/6/2018 17:10

Hague and London Oil (HALO) on the verge of acquiring UK north sea assets:



Another sign that there should be interest in Liberator.

[buffythebuffoon] 19/6/2018 16:40

Hi Duckdown,

With respect:

“A $200m funding package for a $50m market cap company is a big deal.”

This is nonsense. Venture capitalists are interested in one thing, and one thing only,the return on capital invested. Of course, they could try to buy the said company, but other than that, the metrics they use take no account of the mcap of the company looking for money.

I’m sure we’ll hear when the best deal has been struck. If, in the meantime, the market is silly enough to keep taking the share price down, I won’t be unhappy.

Buffy

[coscos] 19/6/2018 12:57

They've already said they have more than one funding option available to them but who's to say others haven't approached them since the new block was awarded? I'm very confident of a great deal for shareholders materialising soon.

[begorrah88] 19/6/2018 10:57

I'm wondering if it is something along the lines of an initial discussion with Repsol that looked promising and was progressing until Repsol hierarchy pulled the plug on future UK North Sea deals so NC & GH have had to reconsider other options and bring them back around the table.

Absolute pure speculation that by the way just trying to rationalise the delay

[cashandcard] 19/6/2018 10:52

begorrah,


Take your point. As a shareholder in HUR, I saw how long it took them to get a pretty large fundraiser off. They had been talking about it for well over a year before it happened.

Not saying that is going to happen here, but they are the ones at the table and are major shareholders and know damn well this company, without funding, is effectively stranded (to borrow a pun). We hope, now the 'impediment' of 30th round is over, they will get the best deal done in a suitable timeframe.


Cash

[begorrah88] 19/6/2018 10:35

It's no bigger a deal than it was at the end of January, in fact theoretically smaller due to the oil price and the licensing award.

As for the due diligence, it is not like i3e have a spiders web of complicated and layered financing packages etc already in place that would need unpicking. It is a clean company, clean assets, limited shares in issue a direct line of authority to act with NC & GH being major shareholders.

[duckdown] 19/6/2018 10:26

A $200m funding package for a $50m market cap company is a big deal. Lots of due diligence etc required. The BoD sounded confident - let's hope they were right.

[corgies2] 19/6/2018 10:16

There is light , a lot of it , at the end of the tunnel and it's not an express train coming towards you

[cashandcard] 19/6/2018 10:15

They will know what the best route and deal to funding will be. So it may well be delayed a bit if they can negotiate the best deal and terms. But not by too long, they have timelines to meet.

I think its important to be patient as a large funding deal is not your average placing or CLN deal, thus may not be as straight forward as we would like (even after months of talk - take a look at HUR). Everything by counterparties will be combed through before putting pen to paper and committing to potentially hundreds of millions.


Cash

[begorrah88] 19/6/2018 10:12

Indeed Caters but for any buys that happened over the last couple of weeks the share price is no higher and always a ready seller or two so someone isn't buying the story.

Agree the potential is massive but then why is there no progress on any funding deal? nearly a month since the licences were awarded and there was silence from the board for the 4 months before that other than 'extremely advanced...' type statements from NC & GH that don't seem to have been as extremely advanced as they were touting.

I know this is AIM so all sorts of shenanigans go on but I'm puzzled why the BoD are keeping everyone in the dark

[ducati2345] 19/6/2018 10:10

From what I've heard about some of BOD I would think they are playing a tough game with finance offers, they know they have a great potential and future on this and I would expect them to be squeezing best offer out of any finance

[caters] 19/6/2018 09:59

Chin up, begorrah There were some pretty large buys during the road trip - so some IIs like what they've heard.The new licence has way more potential than the original licence.Liberator West will get drilled. The BoD will be looking at all angles and sorting out the best route forward.A bit more patience needed then Boom! .... hopefully :-)

[cashandcard] 19/6/2018 09:14

Morning walkdown, becoming quite predictable this.


Cash

[begorrah88] 19/6/2018 09:06

I won't be surprised to see another 'we are progressing funding options and look forward to updating shareholders once concluded....' type of meaningless RNS at the start of next week to offset any awkward questions at the AGM.

Then they can say that they can't discuss anything relating to it.

Must be a reason nobody wants to hold hands with i3e?

An announcement of funding deal having been finalised, whilst very welcome, in the week before the AGM, would look very, very contrived to me.

[5chipper] 19/6/2018 09:04

Tiler,

You could try going through the PR company Camarco

[haideralifool] 19/6/2018 08:40

Tiler. I never need to contact the company itself, my shares are in nominee accounts and a letter from the broker confirming ownership is enough. They usually need a few days to sort it out.

[caters] 19/6/2018 08:28

I'm sure the BoD know that the clock is ticking loud-and-clear on the funding announcement.

[corgies2] 19/6/2018 08:23

With a roadshow last week , an OPEC meeting this week and an AGM next week , I am very hopeful of an announcement of financing ,mid week next week ,

[fardels bear] 19/6/2018 07:25

Some did say that they'd hope for maybe a better deal when the 30th Round panned out on plan. Perhaps that's what they're negotiating.

[showme01] 19/6/2018 05:38

Shouldn't be too hard. They have had plenty of time to work that out. Just fine tuning terms around it I suspect that is taking a bit of time.

[coscos] 18/6/2018 16:38

The money is there, just be patient.The hard part is going to be deciding which deal is best.

[ducati2345] 18/6/2018 16:30

Only for 30th round part.they need far more for full plans they have.

[ducati2345] 18/6/2018 16:30

Only for 30th round part.they need far more for full plans they have.