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Yes, when I chatted with Shubham last year he was negative on i3E. He does, however, know AB province very well and has subsequently had a change of heart iro our acreage. The bumpy ride will continue until AECO TURNS.
For what its worth - it appears that Shubham Garg has upped his stake from 3% to around 7% in his White Tundra Portfolio, Shubham is one of the most knowledgeable Investors / Investors in the canadian Oil & Gas space - so quite a vote of confidence.
Picked up by Canuck on the CEO CA website - one of his more useful contributions !
Tony, the absence of a budget for the UKNS is, as you suggest, telling.
Success 50k alongside a nice divi to come.
Same here Fangkat 12:05
I've submitted the question about the RNS and monthly dividends to Investor Meet. They were very good at answering all pre-submitted questions last time, so I'm sure it'll be cleared up.
Been trying to get 50k more - cannot get a quote. Even 25k are being refused to buy right now. (11:45 -
Company's may be drilling in areas of known significant reserves in the NS. The risks are never the less, enormous when considering the current and planned tax implications ( under a Labour administration).
Funds are better rewarded in Canada.
Believe what you wish - despite the UK not being the most favourable jurisdiction - companies are still drilling and developing assets in the North Sea - even assets of the scale of a Tain + Serenity.
I'm pretty neutral on Serenity - if i3e decide to drop the licence - thats ok by me - if they decide to keep it and try to extract some value - so be it. I trust the BOD to make the right decision and imo they wont make that decision until they see what happens with Tain.
Good news for those wanting to top up with May's dividend.
Just taken 50k at 10.64p what a bargain!
Believe what you wish. The Political dynamic is an enormous barrier to most E&P Co's in the UKNS. As it stands IMO, Serenity is almost dead. I3e can better invest in Canada.
i’ve decided to sell. i’m not happy with the direction of travel and the vagaries of yesterdays rns. i can see this drifting down. really ****ed off.
good luck chaps.
Yes it’s really unclear what’s happening here Tony.
Always been my concern what’s the strategy and the real prize.
It was mentioned on the Europa BB but not picked up on here from yesterdays RNS:
The Company continues to evaluate development options for the Serenity discovery in consultation with its partner and the North Sea Transition Authority. There is NO CAPITAL BUDGET associated with this work in 2024.
what does this mean:
1) They dont expect to pick up the Tain Licence this year ?
2) They plan to pick up Tain and sell off Tain plus Serenity without an approved FDP. We've previously been told that they need to reach FDP stage before the licence is worth anything which would mean they would need a budget.
3) Drop the licence if they do not pick up Tain?
A reminder to posters here to sign up to the "Investor Meet Company" podcast if you want to ask questions. The platform allows you to submit questions in advance.
Me too, I’m adding at these levels, took 50k at a smidge under 11p yesterday.
That’s good enough for me.
Directors should be buying in here big time
People who bought in the 9p range are dumping and going elsewhere for another quick 20%. Gas is already on the upwards trend and this should be higher in 6 months.
It was a good spot Jmort but I suspect it is a typo. If it was intended - I would have expected them to cover this under "highlights"
Brokers increase target to 21p from 16p on new drilling programme, sp falls 10% 😳....markets can be irrational at times
''Gas prices are expected to strengthen dramatically based on the futures market pricing. Oil prices are robust and likely to strengthen further in our opinion. We believe that i3 Energy has consolidated and is now maintaining its balance sheet in
preparation for scaled up growth in order to produce into a significantly higher natural price. Our updated fair value estimate of 21.2p reflects our positive appreciation of i3 Energy.''
https://twitter.com/surprised_trade/status/1783503677832990790
Concerns are showing up in the futures market re gas prices. The contracts for next winter are the most expensive on the curve. Like in Europe, most of the Asian LNG buying is done during the heating season in the northern hemisphere
https://twitter.com/surprised_trade/status/1783539479178776630
Most shares ...that should be
Broker raises target to 21p from 16p...often seen as good news in mosr shares and by holders , certainly no downside 😉
Well spotted. Cut and paste job?
I don’t know if it was commented on here yesterday but did you spot the first sentence in the “Return of Capital” section of the RNS? It stated:
“As part of its total return model, the Company remains committed to delivering a sustainable monthly dividend to complement its organic growth profile.”
Note the word “monthly”. Is this a copy and paste error from a previous RNS or a hint at the future, made possible by the new debt facility meaning the previous restrictions no longer apply?