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 Shares Traded Last Trade
  0.00 0.0% 9.70 2,894,438 12:57:32
Bid Price Offer Price High Price Low Price Open Price
9.60 9.80 9.80 9.70 9.80
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 12.99 10.61 3.78 2.6 69
Last Trade Time Trade Type Trade Size Trade Price Currency
16:44:57 O 600,000 9.6433 GBX

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Date Time Title Posts
18/6/202111:26I 3 Energy19,217
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I3 Energy Daily Update: I3 Energy Plc is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker I3E. The last closing price for I3 Energy was 9.70p.
I3 Energy Plc has a 4 week average price of 7.50p and a 12 week average price of 7.50p.
The 1 year high share price is 11.10p while the 1 year low share price is currently 3.65p.
There are currently 706,843,761 shares in issue and the average daily traded volume is 2,091,019 shares. The market capitalisation of I3 Energy Plc is £68,563,844.82.
edgein: Very interesting interview Goodday thanks for posting that. So our CEO says we're trading on our PDP (Proven developed producing) reserves and that's it. So the rest of the 2P, about 57% is PUD (Proven undeveloped) aren't in the price. So no Canadian upside as well as over half of the 2P not priced in. No wonder he mentions re-rate and share price multiples. As well as we expected the UK NS assets nowhere in the price either at the mo. Hopefully before too long we'll see that £100m cap that they referenced too. Its good to get this confirmed by the CEO as many of us suspected this. At least the company are putting themselves out there on publicity and updates to get the market clued up on what's going on. Regards, Ed.
edgein: Spangle, Base was calculating it at £1.16m per Q. That is now the bonus special dividend. The yield this year for those that bought at 8-10p should be better as the current financial year will see two additional divis of up to 30% of FCF. That first special divi was generated at lower oil prices and lower base production. They should end up paying more than £1.16m per Q for this financial year, especially with NTM NOI at US$44m Providing the oil price behaves and the company continues to make progress on production they could increase that further. Goodd, That would be a very low ball offer given the reserves and production here. Also they think they have 100mmbbls recoverable at Serenity (appraisal) and similar at Minos (exploration). So I'd personally say no thanks to 30p as the share price should really be close to that now that they have a clear road to 10,000boepd from the next few wells. I'm looking forward to holding these for years and getting my original stake back in divis. Its previously been as high as 55p recently on North Sea exploration and its a totally different beast these days. We'll see how the farmout goes and on what terms etc but I'm expecting the share price to be beyond 30p on continued reserve and production growth and North Sea appraisal. Regards, Ed.
edgein: goodday, You got a good price there chap. At least you got in before the imminent news to come. Even that July divi is starting to loom large now regardless of Noel, drilling and those re-completions. Perfect storm starting to brew now with the oil price too. These acquisitions have certainly turned out to be the right place at the right time. I3E has never been in a better or stronger position than they currently are, only a matter of time before the share price reflects that. Regards, Ed.
edgein: Base, From the shopping list that is i3e's final results there's plenty of news to come this month alone from spudding clearwater wells, tie in of Noel well, completion of this latest acquisition, most of the dates for the restructure which concludes 1st of July. Perhaps an update on the Serenity farmout fingers crossed. The share price at the moment I see as a good thing not a bad thing. There's no way I or the rest of us would have bought as many of these as I/we currently have had the share price stayed at 30p+. Imo its only a matter of time before the twitterati get a hold of this one and send the share price back up to where it should be. Until then they're right at the top of my buy list. Regards, Ed.
goodday1: From LSEFastfood,The operational update RNS was largely quite positive, the podcast covered pretty much the same ground and was no less positive in terms of content - just a little undersold I think due to Graham / Majid being gun shy from past events. As both you and GGG say - we now have a solid base on which to measure and grow from and now that we know where we sit with production and the status of new projects / wells - I can only see the news from this point on being almost universally positive / accretive to the share price Obviously I3E can not control the Oil price but the rest of the cards seem to be in i3e's hands.Upcoming catalysts / news:1) Dividend ( not sure how much this will move the needle as the amount has already been stated)2) Annual Report expected end of May. Hopefully no surprises in terms of cost, but another opportunity to announce positive updates.3) Spuding of 2 wells as soon as this month.4) Update on Serenity5) Update on new drilling plans in Clearwater6) Share buyback - I dont expect this but its possible especially if drilling plans are slightly behind internal forecast. A small buyback I think would send a positive message and would not need to be too expensive.7) Additional farm-ins to Clearwater or other acreages - again not currently forecast but possible.GLA
36redhill: ShareSpending spree to send oil prices soaringReopening of global economy set to lead to a record jump in demand for crude and copperTom ReesTim WallaceOIL and metal prices are poised to surge in coming months as Britain and the US launch a once-in-a-generation infrastructure spending spree and the global economy roars back to life.Market strategists are bracing for the biggest jump in oil demand ever after drivers returned to the roads en masse. Crude is forecast to hit its highest level in three years, ultimately driving prices higher at the pump.Meanwhile president Joe Biden is about to launch a $2 trillion (£1.5 trillion) programme to rebuild America's crumbling roads and bridges, while in the UK Prime Minister Boris Johnson has talked about the need for a recovery led by investment in green energy.Goldman Sachs has predicted a 14pc jump in commodity prices over the next six months, pushing a broad measure of metals and oil up to its highest level in more than six years.The Wall Street bank expects copper to rise by over 10pc to reach more than $11,000 per ton by the first quarter of 2022, while Brent crude, the UK benchmark oil price, is set to hit $80 per barrel – a level not reached since 2018. Goldman expects demand to climb by 5.2m barrels per day over the next six months, 50pc larger than the previous record increase.Metal and oil prices have bounced back sharply from last year's nadir when swathes of factories were shut and millions of drivers stayed home. In America, oil briefly entered negative territory because demand had dropped so low that the country started to run out of storage space.'Metal and oil prices have bounced back sharply'A wave of consumer spending is now being predicted as vaccines bring the crisis to an end. There are fears that the infrastructure splurge could even lead to some shortages, particularly of metals required for clean energy investment and electric vehicles.Jeffrey Currie, head of commodities research at Goldman, said: "It is important to remember that commodity markets are driven by volume, or the level of demand. The magnitude of the coming change in the volume of demand – a change which supply cannot match – must not be understated."He said president Biden's New Deal-style spending on the green agenda will be crucial to pushing up prices, with copper-intensive climate spending at the centre of surging demand.The White House is reportedly planning to generate 80pc of the US's power from renewable sources by 2030.John Meyer, head of research at share price Angel, said the push is sure to drive strong demand for copper and rare earth commodities essential for computing and battery production.He said: "Logistics, disruption, raw materials and Covid-19 working practices are all coming together to fuel inflation." The spending jump is already feeding through to higher inflation. Oil's sharp recovery has pushed petrol prices in the UK up to an average of more than £1.25 and diesel has climbed to almost £1.30 per litre, up from £1.15 and £1.20 respectively at the start of this year and below £1.10 and £1.15 at this point in 2020.British factories are reporting the steepest increase in input prices for four years, according to PMI business surveys run by IHS Markit. Manufacturers in turn are passing on those costs, with price hikes on a scale not experienced for a decade.
tonynorstrom1: Catsic - The Anegada deal is a good metric and does indicate I3E is undervalued. However - I dont think you have taken into account their higher Oil production. Comparing - I come up with the following: I3E 57%/18%/25% (Gas/Oil/NGL's) Anegada - 29%/55%/16% (Gas/Oil/NGL's) Assuming Gas at $2.60, WTI at $60 and total production at 9200 boepd then: I3E-------------Revenue / FCF - is approximately $88M / $31M Anegada-----Revenue/ FCF - is approximately $131M / $71M Anegadas purchase price = CAD 494M = UKP 283M including debt Assuming valuation on a FCF multiple - approximate EV of i3E = 283M x (31/71) x (9.7/11.8) = UKP 102M Assuming I3E net debt of UKP 10m gives I3E a Market Cap of UKP 92M or an share price of approx 13p. This ignore Serenity and the fact that I3E has slightly larger reserves than Anegada which should add to the share price
neo26: Muddy1 acre in clearwater horizon can be sold between $1000-$2000 without production, i3e has 29k acres. Lets say $1500 per acre thats c$43m. I3e believe that 100mmbls can be recovered just from this acreage. Oil shows and samples have been taken throughout the acreage, its low cost and shallow wells. One well produces around 300bopd, drilled and conected within 30 days.Then theres the gain asset.Serenity is not valued at all in share price at moment, i3e believes they can recover 100mmbls. Currently without funding serenity can be valued at 50m on its own. Once noel well and toscana asset tap opens i3e will be producin over 10kboepd Imho
spurs90: @Drjimjones I was explaining this to the Brits... "I think my free cashflow est is pretty close. For one the 22% increase in price since feb = about a 40-50% gain in FCF, fc margins increase faster than price of goods sold. Plus the companies guidance is based on a strip price in backwardation vs. contango. I used a flat price for year. They have to use the backwardation strip price (that means the further you go out the lower the price) generally though as the front month contract rolls off the next month will rise to the current price. The oil market is in backwardation because lack of supply, it doesn't incentivize folks to buy oil and store it to sell later at a higher price like last year. Opec has ensured this by cutting production forcing the world to work through all the oil in storage. It's really positive for prices currently and over the next few years barring a global economic collapse. Storage gets worked off, level in storage fall supporting higher prices then the market will shift into contango that's when it good to hedge some production forward. It sucks for the shipping tanker, kill demand for floating storage. Same thing for the differential futures market it to is in backwardation. I can't tell you how bullish the macro set up is for oil prices is right now, Once the world reopens, summer driving season, industrial demand, jet fuel, etc.... Lack of investment in new sources of long term production, Biden's war against Us Shale and off shore. Soon in the next few years Canadian crudes will compete with Brent and be prices as such. I3's acreage is awesome, cheap to drill, cheap to maintain, Clearwater is a company maker on its own. They were either smart or lucky in their timing but who cares, with oil heading to $80 this year.. Going by that report their blend cost per BOE is $13.33 on 9000boe/d averages realized price $22.2 a barrel with oil price of $37.5 (Realized price 59% of oil price blended) at 80$ realized price = $47.36 - cost which are fixed of $13.33 = Ebitda. at 80$ realized price = $47.36 - cost which are fixed of $13.33 = Ebitda, 9000boe/d x 365 x $34.03 = $111'788,500 USD of EBITDA. What's cash charges come out in millions - (interest =2.9 Finance and other=5.4 cap ex =9.6 ) Answer is Free Cash Flow =93'888'550 Million USD / 700 million shares = FCF per share 13.4 USD. Do fully, fully diluted Do fully, fully diluted $ / 840 million shares = 11.2cents USD. In Canadian $ terms 16.7 cents / 14 cents Annual FREE CASH FLOW apply 30% fcf dividend and that's stupid crazy money. That all at $80 oil and WITHOUT adding in the 500 BOE coming on line next month or refinancing debt at a lower cost, drilling and adding production. See this is "x" rated material for me because I'm a data nerd. At 80$ oil we trade at near 1x FCF forgot Ebitda multiple, near 1 x FCF, Canadian producers trade at easily 8-10x FCF... Everyone clear. Great. lol. Then what if the North Sea gets developed, duel income streams... Best Doc Jones.... (I took all the cost etc from MIRABAUD below)...80$ oil = Answer is Free Cash Flow =93'888'550 Million USD/ $117'117'500 Canadian FCF". That make sense to everyone in Canada? BestDoc Https://
spurs90: RE: Canadian Peer GroupToday Tsx listed peer group trading at $19.9k/flowing barrel and $3/ 2p reserve I3e trading at $7.6k/flowing barrel and $1.15 2p reserve If I3e stock would trade at its peer group average valuation the implied i3e share price would be Ev/flowing $19.9k ->18p Ev/2p $3/boe -> 18.2p i3 Energy is now trading on a significant discount to its Canadian peer group. There are several possible positive catalysts for the stock in Q1 which could drive interest to the stock. Https://
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