Member Info for bottomsup

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Tony

2019, 478 directors failed to receive majority support—a small number, but up 38% from 2015. Likewise, the number of directors failing to receive at least 70% support for reelection increased 45% from 2015 to 2019. Overall average shareholder support for directors last year was 95% (votes cast). Thus, it is rare for directors to receive less than 70% support, but this data reveals that in recent years institutional investors have become more willing to vote “against” directors in uncontested elections

It was slater .

Look at resolution 7 and 10 voting

What has Richard done to upset them.

The amount voted against matches their holding give a take several thousand from other Pi on resolutions 7

No other director was voted down % wise.

Not sure how many% you need to get rid of a director .Come next year he may need to collect his P45 .

Slater or premier Milton voted resolution11

Down .

Still don’t see why we need to buy another company when we have so many oil wells to develop.Unless the company has huge tax losses.

Let’s get on with the job and bring in steady revenue and focus on the areas for drilling where we are getting the most oil /gas from.

Improve communication and be more active with information on how well new wells are doing.

Special resolution 11, to authorize the Directors to disapply pre-emption rights. Section 561(1) of the Companies Act 2006 provides that if the Directors wish to allot any equity securities or sell any treasury shares (if it holds any), for cash, the Company must first offer them to existing shareholders in proportion to their existing shareholdings. Section 561 does not apply in connection with allotments made pursuant to an employee share scheme.

The purpose of this resolution was to seek power for the Directors to allot equity securities or sell any treasury shares for cash as if Section 561(1) of the Companies Act 2006 did not apply in connection with rights issues, open offers and other pre-emptive and non-pre-emptive offers and issues pursuant to the authority granted by resolution 10, to authorize the Directors to allot Ordinary Shares.

As a result of the resolution not passing the Company will seek shareholder approval to disapply pre-emptive rights if and as required.

G-G-G

Question is

Whose buying all those million trades and the company has to go through and offer to shareholders first before offering a placing

The question which nobody can answer is will oil travel back upto the $90 by winter.

We could be a prime takeover.

What was not acceptable was the delay release on wild fires has had an effect on some of our wells,

No dividend announced till the last moment.

The positives on our dividend even though it was going to be cut.

In all I would had not invested most of my money recently if I had known about these issues.Very frustrating for all who have been caught.

Luckily I made a decent investment two weeks ago so my losses aren’t so bad but bad enough.

Just wondering why you think the company won’t make any profit in the first quarter for dividend payments and second quarter .

Iam expecting 10 million and 6 million profit for second quarter .

Average daily production (BOE/d)

2022: 20,317

2021: 12,442

2020: 8,732

2019: 0

Group Revenue (£m)

2022: 208.4

2021: 86.8

2020: 13.0

2019: 0

2P reserves (MMBOE)

2022: 181.5

2021: 154.1

2020: 54.0

2019: 0

Group Profit / (loss) after tax (£m)

2022: 42.0

2021: 25.1

2020: 11.7

2019: (10.9)

PDP reserves (MMBOE)

2022: 49.1

2021: 46.2

2020: 18.1

2019: 0

Group NOI (£m) (1)

2022: 131.7

2021: 48.6

2020: 4.9

2019: 0

2P reserves Before-tax NPV 10 (USDm)

2022: 1,162

2021: 775

2020: 183

2019: 0

Group Adjusted EBITDA (£m) (1)

2022: 98.0

2021: 30.2

2020: (0.8)

2019: (5)

Dividends declared (£m)

2022: 17.4

2021: 3.4

2020: 0

2019: 0

(1) Non-

Where are the first quarter results and dividend.

Feels as if something going on .Takeover,merger or acquisition or just late

This is what the company says

i3 is committed to returning value to shareholders through the deployment of its growth model, by way of growth-related share price appreciation, monthly dividend distributions, and opportunistic share buybacks.

12% dividend

Not many oil companies with such a great dividend

Thanks

WCSBCanuck

Can you post the other Canadian oil company which is similar to I3e

Love to look at your comparison.

Thanks

Tony

I see you have a new poster to keep under control.Reminds me of someone else

May be it’s his twin.

Profit first quarter due to production increase and reduction on well drilling due to completing several wells end of 2022 instead of first quarter.

£16 million .

Waiting for acquisition .

Love the dividends of 11% reinvested each month

Mate you at least made me chuckle

Firstly get some cred.You joined today.

Second get your facts right before putting crap on here.London investment company.

Not Canadian .

Third Canada market has not traded 10 million shares yesterday .The normal is 100,000 if you are lucky.

Canada has only 10% of the shares 120 million .

Give you a tip go to Advfn and tap in Ite this is the Canada share trade page.

Last and most recommended part is book yourself into spec savers you need a eye test

Fourth quarter for shell

2024 looks good with Bosch scaling up and Dosan planned factory opening producing combined 250MW

Do we have any news on the prototype being sent to shell India this year

Good evening all

New investor from today largest buy.

Looking forward to future news of the company.

Onwards and upwards

Tomy are you going to the Agm

Normally I try to attend these meetings due to my investment but Iam in Florence .

Nope

You will have to wait till 2rd June

Tony we are correct.
One of our investors on ADVFn got a reply from I3E on why the end of years haven’t been posted this may have caused a bit more buying in the last 1 1/2 hours .

I’ve just received a reply to a few of my questions. Here is an excerpt of the replies specific to finals /

Regarding the YE financials, I can assure you there is no problem with them; the accounts preparation and audit process have simply taken longer than anticipated. The accounts will be published when the audit process finished.