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I saw this post from another form, I think there is some sense here.
"I think it is under valued but also I think in this company's case the 21kboepd is misleading as 50% is Alberta gas which has only recently recovered to $4 cad gj from practically zero for a month or so. So that's ~$20 barrel"
Serenity Appraisal Well Spud
i3 Energy plc (AIM: I3E) (TSX: ITE), an independent oil and gas company with assets and operations in the UK and Canada, is pleased to announce the spud of the Serenity appraisal well on UK Licence P.2358, Block 13/23c. i3 owns a 75% working interest in the field. The drilling programme is expected to last approximately 30 days. The well will be plugged and abandoned after completion of all drilling operations.
G_G_G, This situation of having too much gas and no way of distributing it is sad very sad. G_G_G what affect would this have on i3s report and share price moving forward??
https://calgaryherald.com/opinion/columnists/varcoe-as-global-natural-gas-prices-soar-alberta-producers-face-astronomical-discount
GL.
There have been a number revised target prices for I3, yet we are no where near these target prices. 42p should of come and gone a long time ago. I3 is severely undervalued and has been for a long long time. Patience, there is no issue with patience because I (we) have been patient. Personally these target prices are useless and have no stock. AIMO. GLTA.
6mins 9secs
hTTps://twitter.com/share_talk/status/1548729296004325377?s=21&t=jluoF8aR7yVRLgVSoEx-Bg27p