Member Info for Doorstop123

I thought my post was on the positive side.

If there were an issue with JLNs post 31st Dec ( as flagged by mgmt), then I3e should find holders co-operative.

Unknown entity re. Bybrook Capital.

Small raise may be on the cards - not necessarily a bad thing if puts company on stronger footing, & how may Serenity discovery fit in to above.

Apologies for fishy odour.

Well, I won’t ‘jog on’, thanks anyway.

Shareholder from the start here, thankyou.

Main concern seems to be the lapse of JLNS on 31st Dec, which raises the possibility of having to repay in full.

We know that the JLN consortium consists of Lombard, James Caird & BP.

Lombard are also a large shareholder, so unlikely to want to harm their shareholding. James Caird were one of the original backers and did very well from this early backing, so clearly I3e have a sound relationship there. Hopefully BP will not wish to drag a company like I3e down plus I’m sure they will not be getting overly twitchy over a couple of million sterling.

The other member of the consortium is a new name for me but do any posters have info on Bybrook Capital?

At worst, I suspect I3e may have to repay partially the JLNs and may be in the process of raising a small amount of money to do so (hence constant selling). On the other hand, JLN holders may be more than reassured by the Serenity discovery. Though whether I3e would wish to offer Serenity as security to jln holders, rather than look to repay, in full or partially, could be open to debate.

Ok, so OGA does have the power to remove operatorship and / or revoke a licence if needs be. Thanks

In this situation, what powers do the OGA have to arbitrate?

Are they able to rescind the award of a block if one party were not co-operating?