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Tony. It’s ok. If JAdam and any friends want to dismiss a 100/200% Share Dilution and look Forward then that’s up to them son.
I’m with you Tony / Redwood asked the Q and I answered it to best resolve his Curiosity.

Welcome Redmen. I do Agree with a Poster that the Company appears more attractive now. Diversified Asset Portfolio. I here the infrastructure can take 30000 boepd. That’s great News. Let’s see the Plan because the SP will only adjust on Delivery. Simple. We are off to a Great Start but if continues SP Appreciation is to continue to what we hope (20-30p) then they have to Deliver inc Production and develop Serenity and that means Tain must receive Q2 FID. A lot rides on Repsol Sinopec. A lot.

Clever souls they are Tony.

Tony. I once did a Calculation on here and so I wouldn’t disagree with you re your Summary of the diluted Ribena son.

In the Year 2525. They are still doing yet more Valuation Work yay.

Well Redmen / They didn’t have 10 x multiple amount of Shares they do now yay.

Also Tony / I see TSX as leading the way as AIM keeps the Value (You get 1 to 2 days of Opportunity per Month to make a Good decision / the rest are for the MM’s - It’s a Policy to constantly attract money IMO / and that in itself is fair enough - Not really fair but what is ? It is what is is).
I cannot believe that between now and End of April / there will not be a feeding frenzy on this SP. See you all End of April.

In no particular Order :- Tony I Trust your Eagle Eye implicitly !! I never pay too much attention to the likes of WHI. They point you in right direction but really ? Have they ever got any SP guidance right ? If so what % ? BS. My Low is $64 and Have I got this right twice in a row ?? Early days sugar..
Kingivor :- Agree with you. Did some research over weekend and Tain FID along with Serenity is a slam dunk. I was worried a No Show / but after reading between lines of U.K. Energy deficit growing then its a Green Light. (We need that Gas too / hint !! - They know..).

A thousand Apologies. Sorry got a bit carried away there. It was £31850 chickens.

35 Big One’s on the Bell. Is that $64 Brent holding Tony my son ??..

WHI never predicted 10p though did they ? Or indeed 5p !! Nor will they pay 24p a Share. Still.. It is what it is.

No Guarantee the Tain Project will go ahead. Market assumes nothing until numbers become tangible. There is no forward Valuation in i3 SP.

Aramco Results out today ?

P25 of 64
“Maintaining a steady stream of New Field Investments is crucial to support Production Levels going forward (U.K. NS Oil and Gas). In a No further Investment case, UKOG expects that Output would Decline by 2/3 over the next Decade. This would require U.K. to Import more of its Energy Needs, Negatively affecting the U.K’s Trade Deficit, Energy Security and Employment”.

P4
“Global Energy Demand since 1995 has Grown by 2/3”.

The only thing you can say Gilteddge is a Company with More Shares divisible into the MCap may IMO attract a broader Investor base. For Example :-
MCap £70m 700m Shares = 10p/Share.
MCap £70m 70 Shares = £1m/Share.

Extreme Example but each does occur. The First Scenario is good for the Market Maker as lots of Activity as purchasing a Share however small is affordable to many. The Second Scenario eliminates interest from the Masses - Which can be desired and did happen re Ownership and Asset Sale attached to a member of the Royal Family no less.

These scenarios do have Significance when considering i3 as we are on 2 Indexes. The Scenario’s do play out to a degree and is to our Advantage. BOD played a blinder here. Excellent.

Tony. To Clarify, ITE was 30 cent for about 20 mins. Also you will see that POO Brent was below $64 (My base level) for 1 day. Have a nice weekend all.

Tony. Do you not think Graham and Majid know what they are doing ? Don’t answer that lol.

Maestro. Serenity News has to be this year. Either way. The Tain FID is Q2. They will not delay on this decision Yes or No as the longer you leave it to bring Oil online / the Higher Risk the Investment case will be. Producing Assets will remain and Exploration will tail off. How soon ? I don’t know .. But I’d be shocked if we are not Clear about Tain and Serenity by Q3.

As long as the World needs Exploration Drilling then Oil Price will reflect as such. Factor in the Energy Transition - This Dominating Factor further adds to a buoyant Oil Price. I will Explain. Energy Transition creates Price uncertainty. This in turn puts pressure on Explorational Drilling Investment cases. This reduces Exploration and thus keeps POO buoyant.
You simply will not Explore Oil in a $50 Market during the World Energy Transition.

Agree ?

Just read up an Article stating Gas will grow as part of the clean Energy Transition out to 2050 at the Expense of Coal. I wonder how much Gas we have on our North Sea Block ?

It said Oil accounts for 54% of Energy mix reducing to 44% by 2050. Global Production 2015 was 80mbopd rising to 100 by 2019. I think we are currently 90 ? So that’s a 10mbopd shortfall just to reboot the World Economy and GDP. Hence Oil in the 60’s.

They (The Developed/Developing World) simply cannot cope with Energy Demands if they were to Stop Exploration Drilling / Again you need $60 Oil to support the Investment Case. Think. Smaller fields will become Non Commercial vs previous due to Transition and borderline $60 sustained Oil price.

They won’t deliver EV’s to 100% of World Population overnight. They can’t even Deliver a Vaccine !! Canada has No Vaccine !! They are in the que. I’ll say that again. Canada. What about the rest !! Europe included. Think.