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| 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 | 0.00% | 12.74 | 0.00 | 00:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Crude Petroleum & Natural Gs | 148.36M | 15.15M | 0.0126 | 10.11 | 153.19M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 12.74 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 01/11/2024 | 07:00 | UK RNS | AIM Cancellation - i3 Energy PLC |
| 31/10/2024 | 18:19 | UK RNS | i3 Energy PLC Result of Elections under the Mix & Match Facility |
| 31/10/2024 | 15:30 | UK RNS | Syquant Capital Form 8.3 - Gran Tierra Energy |
| 31/10/2024 | 15:30 | UK RNS | Syquant Capital Form 8.3 - I3E LN |
| 31/10/2024 | 15:30 | UK RNS | Syquant Capital Form 8.3 - I3E LN |
| 31/10/2024 | 12:00 | UK RNS | Peel Hunt LLP Form 8.5 (EPT/RI) i3 Energy PLC |
| 31/10/2024 | 07:30 | UK RNS | AIM Suspension - i3 Energy plc |
| 30/10/2024 | 15:30 | UK RNS | Syquant Capital Form 8.3 - I3E LN |
| 30/10/2024 | 15:30 | UK RNS | Syquant Capital Form 8.3 - Gran Tierra Energy |
| 30/10/2024 | 15:25 | UK RNS | Glazer Capital, LLC Form 8.3 - i3 Energy plc |
I3 Energy (I3E) Share Charts1 Year I3 Energy Chart |
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1 Month I3 Energy Chart |
Intraday I3 Energy Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 18/11/2024 | 10:26 | I 3 Energy | 38,893 |
| 12/11/2024 | 08:49 | I3 Energy - Growing production and Dividends with Exploration upside. | 3,912 |
| 26/7/2024 | 09:16 | I3 energy | 1 |
| 06/3/2024 | 13:45 | Buyout | 28 |
| 16/2/2024 | 09:52 | Divi | 32 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 03/12/2024 08:20 by I3 Energy Daily Update I3 Energy Plc is listed in the Crude Petroleum & Natural Gs sector of the London Stock Exchange with ticker I3E. The last closing price for I3 Energy was 12.74p.I3 Energy currently has 1,202,447,663 shares in issue. The market capitalisation of I3 Energy is £153,191,832. I3 Energy has a price to earnings ratio (PE ratio) of 10.11. This morning I3E shares opened at - |
Posted at 16/10/2024 11:44 by loganair The current I3E share price reflects the current standard GTE offer for I3E. |
Posted at 04/10/2024 09:32 by loganair It seems to me reasonable to say that one of the reasons why the I3E share price isn't closer to the offer price is simply because most Retail and Institutional investors do not want the GTE shares part of the offer. |
Posted at 10/9/2024 20:21 by loganair With the fall in GTE share price + a fall in the USD against the GBP, I make the current offer for I3E to be 12.86p per share, down from the original 13.92p per share.For the offer to return to the original 13.92p per share GTE will need to offer 1 GTE share for every 141 I3E shares, down from the original offer of 207 I3E shares per 1 GTE share. This would mean giving away 23.5% of the enlarged company to I3E Share holders, up from 16.5% of the original offer. |
Posted at 10/9/2024 13:05 by loganair The current I3E share price is saying that the GTE shares are all but worthless. |
Posted at 04/9/2024 10:18 by loganair Most investors in I3E are not too concerned about what would happen to the share price should the GTE bid fail, they are more concerned about the I3E dividend.If the bid fails and the I3E share price falls to say 7p or less then I would pick up more I3E shares. |
Posted at 02/9/2024 06:29 by tonynorstrom1 Tabhair,Take a look at the GTE presentation on the i3e website and look at their revenue / cashflow. London represents a little less than 50% of i3e's SG&A or about $8-9m. $9m is $9m but its not going to move the dial much in terms of the combined entity. If you want a comparator to see what South American Oil Co'a are valued at - check out PTAL. My thoughts: 1) Vote no 2) GTE are not going to let the deal fail for an additional 10% 3) Hold out for a rival bid 4) Worst case is deal is voted down - price will retreat but not to the 7p to 9p range - I have no ides where pretax comes up with this. We were mid 9's prior to to the deal. 5) Continue to collect the dividend which is tasty. Despite AECO being in the gutter - bulk of revenue is derived from liquids so I expect the dividend to be maintained. 6) Drill program has already started with one well currently being tied in and 2 from Simonette about to be spud. 7) High impact Multi well program scheduled to start in Q1 2025 in Simonette 8) share price likely to recover towards end of year as AECO strengthens and drill results come through. 9) share price likely to surpass current offer in H1 2025 and scope for dividend to be increased. 10) Chances of an higher alternate bid materializing next year after Simonette results come out. DYOR |
Posted at 27/8/2024 19:47 by moonshot3 GTE share price is currently $7.84. Therefore, the current value of the deal is 13.55p including GTE shares compared with I3E share price of around 12.5p. Explains why some are buying I3E shares. GTE share would need to fall to $5 to erode benefit of deal down to 12.5 p. If we think we are giving away I3 E on cheap, then must make sense to participate in some of the GTE share upside, post deal. |
Posted at 26/8/2024 07:17 by tonynorstrom1 One thing you need to remember with Polus is their price entry - which was 0p, 5p and 11p. The 0p shares were the warrants that were repriced to 0p when i3e were in non compliance with their debt covenants. They then aquired most of their shares at 5p and 11p during the equity raises to support I3e's entry into Canada. So they are in significant profit on all of their shares and that's not including dividends which were important for Polus and proberly mandated by them as a condition of providing the fundingNon of us know the reason for Polus deciding to pull the plug - it could be that they are under pressure to divest from Oil and Gas - it could be that they were not prepared to wait around for i3e's share price to recover or other reasons such as their investors wanting to cash out. So they have made a decent return on investment and I dont think you can automatically read into their support as meaning the deal is good, bad or average. Not all of us are in the same boat as Polus and have higher entry points - so any Investors like me that bought into the story particularly the recent updates around zero debt and a transformative 2024 Capital program will have had a reasonable expectation of a higher share price some time in the near future - all that potential upside has now been capped with a low ball cash offer and a small 16% holding in GTE with its South American dominated operations which historically have failed to attract the same valuations as North American Operations. It could be telling that Slater have not supported the deal or at least there is no evidence todate that they have signed up to it - so applying your logic - would they have not signed up aleady if they thought it was a great deal? |
Posted at 26/8/2024 01:42 by tonynorstrom1 Moonshot,there are two ways to look at the deal -one from I3E's perspective and one from GTE's. From GTE's: 1) Adds significantly to reserves - conversely your effectively diluting i3e's reserves i.e the reserve life index of the combined company is less than i3e. 2) The deal de-risks GTE by adding in a safer jurisdiction which may help to rerate GTE. Conversely your adding risk to i3e by doing this. This geographical risk is partly why GTE trades so cheaply. PTAL is another example of assets in South American countries not trading at the same multiples as North American operators. 3)Adding scale and eliminating UK admin cost is obviously good for the combined group - but if you look at GTE's sales - its a fairly small percentage of revenues and only owning 16% of GTE - are you getting much bang for your buck? 4)Exposure to LNG - this is good for GTE / combined group but again the expected benefits to i3e in the years ahead are now diluted by the deal - similarly for the Simonette assets which were touted by i3e as a game changer So imo - the benefits from a GTE's shareholders persepctive are much more obvious than those from purely i3e's perspective and I dont think shareholders are being compensated adequately for the proposed deal - i'll be voting no. With regards to i3e's existing dividend - with the 2024 capital program and particularly the Simonette liquids weighted program - I think the dividend would have been sustainable even with AECO right in the gutter. |
Posted at 25/8/2024 17:40 by marine boy Could this deal have saved i3e BOD from having to cut the dividend again. WTI falling & AECO in the gutter at give away prices.Sad really as I had thought that the TMP expansion was going to lift i3e share price from its moribund state. . Happily out & watching from the sidelines. Remember this was always an AIM share. |
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