We would love to hear your thoughts about our site and services, please take our survey here.
I suspect a large number of holders have been lucky enough to get in at 5-10p range (some will have got even lower). Therefore 20p is quite a milestone, i've taken some money back today for a tranche i bought at 6.5p, its not that i dont think it will continue to grow, i've taken all of my outlay back and ensured that now whatever happens I3E dont owe me anything. I still have a reasonable 6 figure holding and will continue to monitor closely.
In a ever increasing risky world, we currently are a nice safe haven, with dare i say, little downside currently.
AJ true i guess, however, they were looking at completing a second well at Pembina in November, no mention of that in the update, Wapati Elmworth figures were just a couple of weeks old at Q3 update, nothing since, i would expect a professional seminar to cover everything, so i cant see how they wont update Q4 details tomorrow, without numerous gaps and holes in the presentation.
Jonfon - Think of it in a similar vein to The One Show. No celebrity in their right mind would appear on it, if they didn't have a film/book/record/charity to plug - I3E you would think, haven't agreed to a Presentation where they are muzzled by what they can and cant say, so its a reasonable assumption to make that news will land tomorrow.
For my sins i own a company that supplies boilers and air heaters, whilst some claim change is around the corner, i can assure you it absolutely isn't.
The governments scheme of heat pumps is so far away from reality that its embarrassing. Whilst asking some wealthy people in leafy Surrey to pay £20k to upgrade to a heat pump system to be greener might find a few volunteers, trying that in the terrace streets of most Northern towns will see you laughed at on every doorstep. Especially when we fail to tax people like Bezos who uses more fossil fuels in a half hour trip skywards than most towns would in a week.
There has to be a switch, but its not coming as soon as we want or probably need, its a worry, but you cannot change decades of neglect overnight, no matter how much you want to.
Charts can tell you somethings, but if I3E announce that wells are producing above expectation, they are making 20% more money than they estimated then they become pointless.
The fact that the share appears to have attracted a few new people over the last few weeks, if a sign that people are noticing, which augurs well for when they do release Q4 news.
Personally, i would have preferred them to be elaborating a little more on this bit:
i3's predictable, low-decline assets continue to outperform management's expectations, and the Company is forecasting robust cash flow generation from its production business following an intense period of accretive growth
How was Q4, there were wells at Wakati that we could do with more information on, a number of November repairs that we dont know the result of, but maybe thats nit-picking.
Thats correct Darton, there are a few loose ends that could do with tying up from that report. Pembina was getting an overhaul in November and we dont know how that went, what the flow rate is, we may only have a 33% interest, but its detail.
A number of Wapiti wells only came on line in Sept, so the Q3 update was giving figures that were barely a fortnight old, have they been consistent?
That Q3 also states they expect to tie up Serenity by year end, clearly not the case.
They have right now a booming sector, it would be remiss not to keep shareholders and the wider market up to speed with performance and detail. Whilst i'm not jumping up and down in frustration at the lack of news, i cant help but feel they are wasting an opportunity to be a bit more proactive with communication and newsflow right now.
News on Serenity is very overdue in my eyes, maybe its being saved for the Q4 report, but i hope not as that means it will be buried away in the no real news tray.
Would also like to see an update regarding some of the hedge prices, from memory a number of these lapsed year end, interesting to know what if anything the company have done since then.
A huge number of 1st time COPL posters today. The excitement of the large rise in recent days is too much for some to stand idly by and watch, they need to get involved - the amount of comments today that lack the basic understanding of the market, the find, CUDA etc is quite staggering. If anyone is thinking of buying or selling COPL, whatever you do, do not use this forum as your basis for that decision.
Sadly a mirror of todays generation.
I read so many posts and wonder what it is people want and expect, announce find Monday, drill Tuesday, sell Wednesday, start banking cheques for sold oil Thursday and take Friday off.
A major find was announced Monday, the oil isn't going to vanish and there is a considerable amount of work to do to be in place for mid summer and doing all necessary testing. If you want to invest, great, do so, sit back, check in bi-weekly, monthly as appropriate.
Everything else is just day to day trading where people try and live off scraps, hoping a negative/positive slant can make a difference.
Its just quietly doing its stuff, i hate companies doing PR for the sake of it, but do feel we really need something solid from the company regarding Serenity, even if its to announce a delay, we should have had news Q2, Q3 and then Q4, but still nothing. Yes our assets elsewhere in the world should be where our focus is, but telling people you expect news Q4 and not delivering it, isn't great. But thats never been the strong point here.
London, dont waste your time, People like CAS will never call it wrong, as they call both sides, they play the end of the world is nigh card, but if the price rises, they are happy as they are holders, they never lose. Its a downside to the internet, Walter Mitty exists everywhere.