Member Info for Alansugareatyour

Down to 4% holding

Looks like Lombard sold 5%

8?

I'm only happy if they translate to a sustained increase in the share prices, but looking at a stand alone trade is pointless

Rob, that's an extremely patronising reply for someone why clearly knows very little themselves and flips back and forth just based on a few percent on any given day.

Good news no discount on the share issue.

Liberator A2 spud



After plugging and abandoning the Serenity 13/23c-10 well as planned, the Borgland Dolphin semi-submersible rig was mobilised to Liberator's A2 location, and the A2 well has now been spud. The Company will provide A2 drilling results to the market when the well has reached total depth and acquired data has been evaluated. The results of the A2 well will allow the location and trajectory of the future LP-02 production well to be optimized and will be plugged and abandoned as planned.



Funding update



The Company has agreed to place 14,285,715 new ordinary shares in the Company (the "Placing Shares") at an issue price of 35 pence per share, raising gross proceeds of £5 million. This private placement has been organized by i3 and Bybrook Capital LLP ("Bybrook"), which, alongside certain other investors who participated in i3's May 2019 Junior Loan Notes, should they take up their right to participate, will subscribe for the Placing Shares. Such proceeds will bolster the Company's cash resources as it enters the drilling of the A2 well at Liberator which, in conjunction with Dolphin Drilling's partial payment deferral as announced by i3 on 29 October 2019, gives the Company flexibility to extend its drilling programme.



i3 announced on 29 October 2019 that it was obligated to enter a reserve-based lending facility by no later than December 2019 in order to remain in compliance with the terms of its Junior Loan Notes. The Majority Noteholders have now agreed to extend the date by which the Company must enter an RBL or find an alternative means of funding to achieve first oil from its assets to 30 April 2020.



For their previous and ongoing work and allocation of resources to structure and support the Company's funding requirements as it undertakes a large-scale drilling programme, Bybrook will be issued warrants to subscribe for up to 8 million new ordinary shares in the Company at an exercise price of 40 pence per Ordinary Share.



i3 will provide an update once the above Placing Shares have been issued. Once issued, application will be made to the London Stock Exchange for the admission of the Placing Shares to trading on AIM, with Admission expected to become effective no later than 8.00 a.m. on or around 6 December 2019 and that dealings in the Placing Shares will also commence at that time.





ENDS





CONTACT DETAILS:



i3 Energy plc





Majid Shafiq (CEO) / Graham Heath (CFO)

c/o Camarco

Tel: +44 (0) 203 781 8331





WH Ireland Limited (Nomad and Joint Broker)





James Joyce, James Sinclair-Ford

Tel: +44 (0) 207 220 1666



GMP FirstEnergy (Joint Broker)





Jonathan Wright

Tel: +44 (0) 207 448 0200





Canaccord Genuity Limited (Joint Broker)

Henry Fitzgerald- O'Connor, James Asensio



Tel: +44 (0) 207 523 8000





Camarco

Jennifer Renwick, James Crothers



Tel: +4

Ha, yeah it's amazing, a small increase after a bit of a fall and the usual Fu**wits are here saying they expect 100% a day and back to predicting RNA times.

Amazing

It was the Zimbabwe presidential dog walker.

I'm getting .345 just by looking up a little bit.

They are not waiting on the same news, they are waiting on the Zimbabwe government completing a process, but they could be entirely unconnected from a timeframe perspective.

Wrong board andy

Not really a leak, we know what is expected. Just a boost from the AGM

Lol he has no clue

"It was the Zim gover who leaked that they would be signing ( to of witch have been proven corrupt) so do we get a signature ???"

Keep in mind, I believe he has sacked/replaced or will be doing soon most of his cabinet for incompetence / corruption or similar.

A 100% rise needed to be within spitting distance of the share price a month ago.

Crazy

"Hi guys just reached home had a very good AGM. Most of the well known LTHs were there. Had an interaction with AP and this is what was said to me and others at the meeting.
1)Memorandum of agreement (MOA) will be signed as and when the President is available(may be within a week) not relatefd to finance.
2)Work will commence as soon as the MOA is signed.
3)JV will be signed this year as well.
4)All details will be told when the MOA will be signed.
5)A team of BP experts are in China in six different cities to expedite the remaining items.
6)Progress in BP will be announced this month.
7)Brokers notes will give a higher MCAP for Vast very soon.
8)Every thing is under control VAST will be a different beast end this year.
Tired ATM will recall more stuff later.
GLA"

Not that I doubt this but any other established posters there that reiterate these points?

What makes you say they will sign this week when they have stated 'hopefull before the year end'?

All buys? Down 10%. Weird

Only one trade today so far. Quiet is an understatement