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Final year results due next week. Should give the SP a boost.
Very overdone, considering we never even reached a Serenity valuation leading to drill. We're being priced like we have nothing else lol. Wressle update would be nice right about now.. and I'm sure it'll be coming soon to show company value.
12 mill mcap. Very tempting. Could see a bounce. Seems rather overdone
Do the honourable thing and go SO!
1.37p seems pretty cheap considering
sorry guys....looks like we got the wrong 50% COS
https://www.proactiveinvestors.co.uk/companies/news/994871/i3-energy-and-europa-oil-gas-disappointed-by-serenity-appraisal-well-results-994871.html
Morning Bladey have a small position which I partially derisked before drill results, reality is that all drills have risks and most of the time they don't work out and we hold too much as greed kicks in. As mentioned at least EOG was not a pure make or brake one drill story. Important is to learn and try to change our strategy.
Nice to see you here SI, shame about the results on SA02, but I agree we still have Wressle asset and that's still isn't valued into the MC and should set the price well over 2p alone.. Serenity wasn't priced imo
You only manage assets well if your technical and management team is up to it
I'm not a short term trader but correction overdone in my books, let's see.
Yes I totally agree
Was clearly a leak that drilling had not been going well given sp pattern - we have wressle which has a lot more to give and two other significant assets. I just wish S O had allowed us loyal Otha to benefit from wressle and not taken this risk just as things were looking up
But still a significant asset in wressle -and still a good future here if managed well
Bet i3 are chuffed that Europa's technical team persuaded them to relocate the appraisal target
Shame on the results, but have to remember that Wressle alone values us well over current Market Cap, and Serenity wasn't priced in.
This is just one of many that Earl of Shame was ramping to death last week!
Who will ever trust them again, my guess is no one
Daytrade mabey
I guess the brightside it came in underbudget and they should still have 2.2 million from the placing done at 1.8p should keep the lights on for some time.....
Only if you get rid of all the directors
Had this on my watchlist for some time ... when the crazy sell off starts at 8 am could be a great buying op later today ?
Initiate a fsp and close the company returning shareholders money before SO spunks it all.
You would hope it is binned but i wouldnt count on it. They have said to "use for other deals" as well as side track. With SOs record i would let him make any more decisions. He has put up 1/3 of our Wressle asset as collateral on this loan and you dont need him making any more poor decisions
Least the £1m tin pot loan will be binned, wonder if the field will be developed within its “already commercial” status.
Disappointing result , too far out probably , but when you think they have just bought into a discovered asset of roughly 8mmbbls which at say 5 bucks a barrel sales value to flog off to a neighbour gives 40mill USD/ 36mill GBP for a paltry 4.5m cost its a bloody good deal. Been sitting on sidelines watching this, I wouldn't go committing hari kari over it M's will have their fun at first but with production revenues any drop will be short lived imo.
I agree that SO has lost all his credibility now. The whole bOD needs changing out. The first thing is they never managed to do anything which would get the share price up so BGF one didnt want out or two convinced them to stay. So when the share price went up we continued to have sellers pushing price down. They then borrowed a million off UJO which was a double whammy to the decreasing share price. Not sure what this million will do except pay their salaries.
I hope they have the P45s ready for SO and the rest of the BOD.
He added 400 + million shares, surely he must go now.