Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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“Serenity was still hanging over us when we were 21p”
I don’t think so - The Serenity appraisal well was drilled in 2022 - 21p was April last year.
If we can move Serenity forward w SQZ and EOG perfect
Serenity is still hanging over us….when we were 21p this was still en route. I think now with a lack of a plan presented we still remain undervalued once the plan hits with some clear guidance it may still rock back to 16p.
GLA starting to go up again🤞
It seems to building a head of steam.
I thought it might have jumped up a bit today but perhaps people are waiting for the new isa year ?
I was looking at the 12 month chart on yahoo and the high was just over 21p. At this time WTI was trading at about $78 / bbl and AECO at around CAD 2.35 / GJ.
Compare that to where we are trading now i.e. WTI at $85 and AECO at CAD 1.60 and an SP of around 11.5p
So revenuw would be pretty similar if not a tad higher now. Debt is lower at around £16m versus £26m back then and we now have a less restrictive loan facility with lower interest payments and about CAD 50m available to draw. I dont think i3e has been in a better position than it is now.
With the "initiatives" to be announced in the middle of the month and if AECO starts to move up in Q3/Q4 as many expect - is there any reason why i3e cannot surpass the 21p mark by the end of the year ?
I3 Energy (I3E), an independent oil and gas company with assets and operations in the UK and Canada, announced its 1st Quarter 2024 dividend totalling £3.084 million, equivalent to 0.2565 pence/share.
Comment: Shares of I3E have rallied some 20% over the past month, helped along by director buying below the 10p level. One would expect a further re-rate off the back of firmer oil prices, and the company reminding the market that it is a decent dividend payer.
https://zakstraderscafe.com/rns-hotlist-april-4-amaroq-cavendish-genflow-gulf-marine-gunsynd-i3-energy-ondine-react/9090/
“The Commencement Date for commercial operation of the expanded system will be May 1, 2024. Trans Mountain anticipates providing service for all contracted volumes in the month of May.”
https://www.transmountain.com/news/2024/trans-mountain-successfully-completes-pipe-pullback-for-mountain-3-hdd-and-provides-operational-update
Dividend confirmed.
Nice yield
"When is a realistic expectation that CAD$3-5 could be achieved."
As early as 2025. See the bottom of the Reserve Evaluation for more.
https://polaris.brighterir.com/public/i3_energy/news/rns_widget/story/xlj4vpr
Thanks for the info IBB. When is a realistic expectation that CAD$3-5 could be achieved on the back of the pipeline and LNG plants? Are we talking 6 months or 6 years?
Thanks GGG. Historically, Alberta gas (which gets AECO pricing) was a regional hub with gas going to Canada and then some down to the states. Due to more gas production than demand (Canada has a low population) AECO gas pricing generally sucks. It’s about 1/20 (yes 5%) to European gas pricing and also discounted to US Henry Hub pricing.
The Coastal Gas Link Pipeline (CGL) that just completed will take gas from North East British Colombia to the Canadian east coast for LNG Canada. This combined with new US LNG facilities coming online for the next 3 years means that much of North American gas, including gas from Canada, will now be sent for North America LNG production. This is expected to re-rate North American gas pricing multiples higher closer to the $10 global average for gas. Henry Hub could easily form a base at $6-8 while Alberta AECO form a new base at $3-5. This is multiples higher than the $1.5 it’s currently at and it means a lot more cash flow for Canadian gas producers like i3 revenue. If the thesis plays out it will be a game changer. A similar situation happened in Australia a decade ago when it built its LNG terminals where gas was previously regionalized and now shipped abroad.
Pinecliff CEO Phil Hodge has a great Twitter space on this. Ask Tony for the link.
I expect whatever M & A Majid has concluded to arrive before the 2024 capex announcement.
Easily IBB if you're focused on fundamentals and macro O&G movements. Small bonus if there's a gas pipeline I wasn't aware of opening that will decrease the price differential on the problem commodity in our mix. Just not something that I'd base my investment decision on. Hopefully a bit more weakness in the sp and I can add a few hundred £k more here :)
https://www.youtube.com/watch?v=dqg3d-d2fxu
ok i was wrong - this video was horse **** !
INB invest
We know the pipe as Trans Canada and some discussion has been had previously on the benefits of Canada having a new LNG pipe line:/ terminal to export to the Asian Market getting a higher price than been paid by the USA.
How can you be invested in a small cap Canadian natural gas producer to the tune of hundreds of thousands of pounds and not know what the Coastal Gas Link (CGL) pipeline is….?!?
Tony, what in your opinion are the realistic effects of the line fills...? I wasn't aware of the 'coastal gas pipeline' - what impact will this have on AECO prices in your opinion?
POO not a problem for the next 6 months, but gas is anyone's guess. Certainly doesn't look like we're going to get back near the 2's until this winter. Hopefully Majid and co. are considering how they can point all our cash at oil rich wells this year. GLA
Line Fill on the Trans Mountain Pipeline has commenced.
Price differentials on WCS are narrowing which is good for Clearwater Production.
Gas looks to be edging up. Line Fill on the Coastal Gas Link cannot be far away either!
The outlook for I3E has certainly improved in recent weeks.
Let’s see what Majid has up his sleeve - hopefully a very positive Capex update !
Canadian reporting requirements are being enforced from Q1 2024 onwards. 2023 YE would not be required by today.
We know that the capital programme has been deferred to 'mid-April' but what of the YE Results?
Is anybody expecting them to be released today to satisfy the Canadian regulation deadline: 90days from YE but extended to 2 April due to the long Easter weekend?
Another 200k for me at 11.36p. Gutted to be buying in the 11s but would like to get a few more before the divi declaration. Might still be able to pick up a few in the high 10's. GLA
Wti approaching $85
Canada up 2.5%
11.74p
Have a great week
Gas climbing as well 1.9
Looking good for an exciting two weeks.
So underrated