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Share Name Share Symbol Market Type Share ISIN Share Description
I3 Energy LSE:I3E London Ordinary Share GB00BDHXPJ60 ORD 0.01P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.50p -0.92% 54.00p 31,646 15:24:35
Bid Price Offer Price High Price Low Price Open Price
53.00p 55.00p 54.50p 54.00p 54.50p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers -2.94 -25.00 22.1

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Date Time Title Posts
21/1/201912:43I 3 Energy6,463

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I3 Energy (I3E) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2019-01-21 17:15:0055.0050,12327,567.65O
2019-01-21 15:24:3655.0010,0005,500.00O
2019-01-21 15:23:4553.601,131606.22O
2019-01-21 14:02:2353.753,7212,000.04O
2019-01-21 11:54:0253.75321172.54O
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I3 Energy (I3E) Top Chat Posts

I3 Energy Daily Update: I3 Energy is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker I3E. The last closing price for I3 Energy was 54.50p.
I3 Energy has a 4 week average price of 39p and a 12 week average price of 35.50p.
The 1 year high share price is 127.50p while the 1 year low share price is currently 28.50p.
There are currently 41,017,438 shares in issue and the average daily traded volume is 283,471 shares. The market capitalisation of I3 Energy is £22,149,416.52.
uk2day: I see kdobberman is back with his deramping comments! you were bearish when we were at 40p back in December! And Still trying to deramp at 60p!! Lol!!! Kierandoberman - 06 Dec 2018 - 18:14:52 - 5800 of 6305 I 3 Energy - I3E There’s the 30s today, hope the bod are as concerned as much as I am at the share price free fall . Are should that be free for all ! Lol Kierandoberman - 05 Dec 2018 - 23:10:43 - 5796 of 6305 I 3 Energy - I3E Don’t think it’s a couple of idiots on here that pulling the price down, the market don’t believe the bod are up to the job of securing funding , going by their past record of the last year I fear we will see the 30s soon . Kierandoberman - 04 Dec 2018 - 13:10:10 - 5774 of 6305 I 3 Energy - I3E Move quickly like it did either in the year ? This has been sold into from last January from big players . Don’t know about free float but know that the MM have never been short on stock for over a year. Differently LTH have been play a right game here by both the market and BOD !
che7win: So if I understand this correctly, we have Liberator which pushed share price up to 128p over summer.Now we have Serenity also, a new development first mentioned since summer which is of a magnitude at least as large, if not larger in potential size than Liberator.The company seem really excited by it, yet our share price has fallen by 2/3rds?The management have said recently that the market cap undervalues the business (and plenty of news flow to come) bit of an understatement IMHO.
uk2day: all this squabbling and bickering is not going to make the share price move in our favour,probably the opposite! Try to keep things civil guys we all invested here for a very good reason and although foil has changed the asset has not! current share price already reflects the delay in foil imo, so it’s down to the individual to decide to have some patience or bail out, petty arguments will get us nowhere!
che7win: Board and management very aligned to shareholders.They say the share price is very misaligned and undervalued based on assets.Lots of near term valuation triggers that will start to move the share price in the right direction.They are uber confident, price will rerate is their expectation.
che7win: Does Neil keep his previous share options now that he's stepping aside as CEO?.At the end of the day, the company directors have taken advantage of the share price decline to set share options at a very advantageous price for them.It is our fault for letting the share price fall to this level, I'm peeved off at that.I expect a £100m market cap on a decent funding deal.Management have every incentive to get on with the job.
mr. t: JakNife, there is no such thing as the contingent reserves you refer to - at least if you stick by the standard SPE terminology. I assume you meant contingent resources. The latest AGR Tracs Phase 1 CPR gives 2P 10.7 mmbbl & 6 bcf gas (11.7mboe total) with a $200m post tax NPV10. The capex required to deliver this is approx $100m, with an IRR of 160% and a 1 year payback. These are good economics. hTTps:// Note the oil price assumed by AGR Tracs in the first three years of production is $57, $67, and $72. If you assume $77 in those three years (more realistic given where Brent is now) then I calculate you can add circa ~$40m to the post tax NPV. Here is the Phase 2 (or Liberator West) CPR that adds 22m barrels 2C resources (unrisked, with a 70% CoS) and 47m barrels mid case prospective resources (unrisked, with a 56% CoS) hTTps:// Gaffney, Cline & Associates had a CPR from p.67 of i3E's admission document: hTTps:// Back then Liberator was 9.0 mmbbl 2C resources within i3e's 13/23d block, and 6.4mmbl outside their block. Gaffney, Cline & Associates estimated a 2C NPV10 of $190m for all hydrocarbons, and $152m for those in i3e's block. I understand the reason why i3e changed competent person was that Gaffney, Cline & Associates became conflicted as they were advising one of i3e's funders (I believe the debt provider, but am not sure). In summary: 1) Two different independent auditors have evaluated Liberator Phase 1 and given it a positive NPV, with attractive economics. The latest AGR Tracs CPR has Liberator Phase 1 at $200m NPV, several times the current share price. 2) In the last year and a half, i3e has developed the Liberator field from 9.0mmbl oil + 2.3 bcf gas 2C in block to 11.7mboe 2P + 22mboe 2C + 47mboe mid case prospective resources. This is value creation by the company. 3) The recent increase in oil price will have increased the value of Liberator Phase 1 since the last CPR, maybe by circa $40m. 4) There is an appraisal well planned for mid next year (I'm aware i3e's time scales are "fluid") that, if successful, would allow the 2C resources to be upgraded to 2P reserves, and would derisk the prospective resources.
mr. t: Not a great day to be an i3e shareholder, it's been by far my portfolio's single biggest down day. Most of today's share price damage could have been prevented if i3e had managed earlier shareholder communications better. If management hadn't led shareholders to believe they were just waiting on completion of formalities, would I have minded a delay or even a possible change of heart from the potential JV partner? It wouldn't have been great, but it's unsurprising in the O&G world. Still, over optimistic communication from the company was clear from when I first invested in i3e, so I've come to expect it. And today's announcement doesn't change the economics of Liberator (the potential JV partner has validated it) nor management's alignment with shareholders. I'm hopeful the deal on the table will happen, but just take a little longer than expected. And if it doesn't, I think there'll be others interested and i3e shareholders will do just fine.
caters: FB, My reply to your GKP/XEL/AFR comment is that those particular companies each came along with difficulties and/or lots of hype. GKP: Kurdistan and with that Todd guy in charge. Great for a while if you got in early. XEL: Yes, UK, but heavy oil (aka tar) offshore AFR: Nigeria & Kurdistan. You have to be fleet of foot with those types of shares and hold them in a well diversified portfolio. I3E isn't a 100% all-in share, but you can certainly hold a much larger % in your portfolio than many of the other AIM O&G shares, imho. Personally, I am holding a large % of my portfolio in I3E as I expect this company will deliver. I have already doubled my money here but I've not taken any off the table as I don't see any need as of yet. Having been to the AGM and met NC & GH, I am more than happy to have a substantial sum of money tied up here. I believe that the funding deal will be okay - perhaps quite not what everyone wants or is expecting, but more than good enough to move this company onto the next phase. NC & GH are playing a short game from now - 18 to 24 months with a clear focus on production/appraisal/sale. Given the similarity to Blake, Blake's recovery factors and that the single appraisal well will prove up (or otherwise) Liberator West and the appraisal well is being drilled in the contingent reserves area and after two development wells have been drilled, then I anticipate a significant rise in the share price. I may topslice then or I may just hold on. I will wait to see. The risk here is how much give and take is there between Andrew Austin of RockRose and Neill Carson of I3. Andrew Austin is a smart cookie but so is Neill Carson. There doesn't have to be a winner and a loser between them, just a workable deal that gives something to each of them. This, of course, presumes that RRE is the JV partner. (Edit: There is also the risk of can the JV partner deliver on the deal.) Opportunities like I3E don't come along very frequently in the UK AIM O&G world at this point in the commodity cycle. From a portfolio performance point of view, the risk is actually being under-invested in I3E, as companies like I3E can make good a lot of the damage from the likes of GKP, XEL and AFR.
begorrah88: They said similar in their March Q1 update as well 'During Q1, the company has raised additional funds and also announced that it was in advanced discussions with various possible partners regarding a potential joint venture relating to its 100% owned Liberator Oil Field and its 30th Offshore Licencing Round application. I3 Energy’s share price has increased significantly in Q1 2018, reaching a peak of 80.5 pence in March 2018, an increase of some 350%. Paternoster has realised some significant gains on this investment.' Also at the end of 2017 'During 2017, the Company's investment in Glenwick translated into holdings in I3 Energy plc and Cora Gold plc and the share prices of both of these companies struggled towards the end of 2017. However, since the year end, the I3 Energy plc share price has increased by around 300%. Paternoster has realised some significant profits from this investment whilst still retaining a meaningful shareholding.' So not sure how many they had or still have? Can't find any record of significant holding
kierandoberman: Going by the share price drop think the Market has come to the realisation that funding is not going to be in place pre AGM , N&G will need to do some fancy talking on the day if the share price is of concern to them . The Question is how low will share price fall if share holders concerns are not addressed on the day ! An update would go a long way pre AGM , it would give credence to what ever is spoken at or after the AGM .
I3 Energy share price data is direct from the London Stock Exchange
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