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i3 Energy (i3E)

tournesol
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i3 Energy (i3E)

#243302

Postby tournesol » August 10th, 2019, 2:37 pm

This company has just crossed my radar screen and I'm thinking of having a look at them.

There does not at first glance seem to me much info in the public domain.

Anybody found any relevant material?

I've nothing to offer in return but will be happy to share as and when I get something.

Tournesol

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Re: i3 Energy (i3E)

#243397

Postby dspp » August 10th, 2019, 8:05 pm


Alaric
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Re: i3 Energy (i3E)

#243412

Postby Alaric » August 10th, 2019, 9:08 pm

tournesol wrote:
There does not at first glance seem to me much info in the public domain.


The website as posted above has a fair amount of information.

Shares are quoted on AIM and prices have been volatile. It's an oil explorer.

From the website, two years ago (11Aug 2017) , they closed at 36.50. One year ago (10 Aug 2018), they closed at 116.50. The most recent price is 49.50, having been down to around 35.50 in May 2019.

There's quite a bit about the Company in the Report & Accounts.

3’s shares have continued to trade across a wide range (low of 22.35 pence – high of £1.28) during the course of 2018 and into 2019. Though frustrating for all shareholders, this volatility is representative of an early stage company that is de-risking the elements required to become a successful venture. Share price volatility may continue as we navigate the regulatory and commercial requirements of a UK North Sea operator, source critical contracts within a tightening market, configure funding arrangements to finance operations and appraise, develop and expand our asset base – the only way to genuinely secure long-term shareholder value

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Re: i3 Energy (i3E)

#243717

Postby Proselenes » August 12th, 2019, 11:51 am

I hold.

Good to watch the video in the link below :

https://www.youtube.com/watch?v=LxszZF-apmE

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Re: i3 Energy (i3E)

#243727

Postby Proselenes » August 12th, 2019, 12:29 pm

My short summary :

3 wells.

CoS 90% then 70% then 70%.

Potential to prove up 500MMBO of which 200MMBO recoverable.

If those 3 wells come in then 500p a share is possible.

94 day drilling campaign - going to be exciting.

Spud for the 1st due anytime soon once the rig moves.

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Re: i3 Energy (i3E)

#243959

Postby Proselenes » August 13th, 2019, 11:04 am

https://www.energyvoice.com/oilandgas/north-sea/205282/i3-energy-set-to-begin-drilling-work-at-north-sea-liberator-field/


North Sea exploration firm i3 Energy has confirmed it is set to start drilling work on an appraisal well in the Liberator field in the Outer Moray Firth.

The company’s chief financial officer said i3 Energy were only waiting on Dolphin Drilling getting sign off on a drill rig to begin .............................

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Re: i3 Energy (i3E)

#243991

Postby Proselenes » August 13th, 2019, 1:12 pm

Permit approved now, all systems go. Rig move to start asap.

Image

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Re: i3 Energy (i3E)

#244132

Postby Proselenes » August 14th, 2019, 7:10 am


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Re: i3 Energy (i3E)

#244422

Postby Proselenes » August 15th, 2019, 9:25 am

Borgland Dolphin status now underway off to spud the first well for I3E.


https://www.marinetraffic.com/en/ais/de ... ND_DOLPHIN

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Re: i3 Energy (i3E)

#245176

Postby Proselenes » August 18th, 2019, 10:02 am

The plan is :

Drill the pilot hole. This will be used in future to drill 2 or 3 horizontal production wells. This pilot hole is referred to as the "drill center".

Drill the Liberator West appraisal well. This will be logged and sampled and then plugged and abandoned. NOTE NOW - IT WILL BE P&A regardless.

The data from this appraisal well will allow the selection of the directions of the horizontal production wells to be drilled in 2020 from the pilot hole (drill center) being drilled now.

Drill Serenity appraisal, log and sample and then P&A.

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Re: i3 Energy (i3E)

#245872

Postby Proselenes » August 20th, 2019, 10:39 pm

And maybe not.

Seems the Pilot Well will be only for seismic calibration. Will be P&A. Purely to prove up everything prior to the Senior Debt approval.

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Re: i3 Energy (i3E)

#245874

Postby Proselenes » August 20th, 2019, 10:48 pm

I believe their target price was 190p back in April for I3E ahead of drilling ?

https://www.marketscreener.com/CANACCOR ... -28876405/

Canaccord Genuity : North Sea exploration firm is rated top pick 07/10/2019

OIL and gas analysts have rated North Sea-focused i3 Energy as one of their top sector picks ahead of a drilling campaign thatwill be followed with interest in the area.

Canaccord Genuity included Aberdeen-based i3 Energy in a list of smaller exploration and production firms whose share prices could be impacted by potentially game changing developments over the next six months.

Experts at the investment bank noted i3 is expected to complete a three-well campaign on acreage in the Moray Firth the oil and gas firm reckons could contain around 200 million barrels oil equivalent.

Success in the campaign could pave the way tothe development ofthe Liberator find andhelp encourage a badly-needed increase in exploration activity in the UK North Sea..................

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Re: i3 Energy (i3E)

#246211

Postby Proselenes » August 22nd, 2019, 9:20 am

Spudded the 1st well. Will be a short drill and P&A at the end.

https://www.investegate.co.uk/i3-energy ... 35138980J/

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