Member Info for cn100

The AGM is next Tuesday 30th June at 1pm. Any shareholders not going can ask questions as per below:

Shareholders can submit questions to the Board in advance of the AGM by emailing such questions to i3energy@camarco.co.uk by no later than 1:00 pm on 26 June 2020. The Board will consider all questions received and provide a written response.

Toscana general meeting is at 15th September at the latest according to their paperwork yesterday. 12 weeks yesterday.

I see oil man Jim thinks the current shares are deemed valueless per his blog today..

In my view if this was true then the conversion of shares to Toscana shareholders would be pointless.
£0.32M (CAD $0.55M) Amount paid for outstanding share issue of Toscana / 4.4m (to be issued to Toscana in new I3e shares = strike price about 7.2p per I3e share.

“I3 Energy (I3E) announced news which appears to have confused many. Key point is that the warrant and management option strike prices are being reset to the nominal value of I3’s shares (£0.0001/share), which means that the i3 equity is being deemed worthless. The Canadian acquisition and any future North Sea activity therefore is of academic interest only now to existing shareholders. A few well known scammers were pumping I3E recently, trying to get stock away. If you got caught up in this, note the names and be try to be careful next time.“

3.2m out of 145m in issue.

Somebody is buying tsx:tei (Toscana) stock heavily yesterday and today. Could i3e be making sure the deal goes through?

Here is the bit about coming back to AIM

The acquisition is also a reverse takeover under the AIM Rules for Companies and is conditional upon the approval of i3's shareholders and the Company will be preparing a Readmission Document for the admission of the enlarged company to AIM following the Toscana Acquisition.

Its 2 different transactions.

1. The Toscana deal is 1000 boepd.

2. The second deal is for an undisclosed (company or assets from a company) which produce 10,000 boepd. This is the deal which will cost $60M -

Part of the loan note agreement was to have a second listing (both aim and TSX). Not to just change from AIM to another.

There is no plans to delist from AIM.

It is coming back on aim and tsx following the acquisition.

Yes next week starts the major re rate for i3e shareholders. Its been a long wait.

A recap on the potential here for a 6M mcap.

1 billion barrels in the Clearwater acreage (after i3e take up the option for Toscana next week) with a potential for 100-200 million barrels recoverable.
400 million barrels (200m recoverable) for liberator.
200 million (100m recoverable) for serenity.

All for a £6m Market cap company.

Sold the rest of the 50million. :)50 million shares left now which I will keep until the drill. Hopefully see some of the copl gang in i3e next with your profits too.

Update here is due by the end of this month as the AGM is only week away now. Hopefully they have been working away and about to reveal everything all at once...

I’m in for some more today.

20m gone. Another 30 and swap those into i3e.

Thanks. Would be silly not to sell half at this .

Taking half off the table now.

I have 100 million of these!

Nerly there. Good times

I remember us buying these when no one wanted them. I3e IF they get the right news we hope for could go from 6p to 50p quite easily. It’s all ifs and buts but worth a gamble in my view.

Sorry for off topic.

Might take some profits out at 0.5 and into i3e while it’s cheap. Keeping most for the drill though as should be happening now end of the year.

Is this finally the week i3e shareholders have been patiently waiting for? Let’s hope so!

It’s well overdue the update on several fronts including farm out negotiations.