Member Info for freshair

Another thing, Canadian Geo's are supposed to be the best in the world because of their mining heritage.

GGG. An honest answer is I don't know. I said it was debatable because Toscana defaulted. That would suggest to me that the debt facility can be called in. I still believe it a good deal as we are not relying on this lot finding oil with the drill bit. If we can pick up some distressed producers at a knockdown price that's the way we should go. I'm assuming even if Serenity has less than forecast it should still be enough for a reserves based debt facility. I have no doubt the note holders will back i3; they won't walk now.

I know 3% is a notifiable interest but 100k were sold. Why would a notifiable owner sell such an amount at just over 7 pence when his average was 29p ? Was he skint.?

So, just less than a notifiable interest? So how much cash was involved?

You would have thought i3 should have concentrated on Serenity and Lib. Perhaps we already have a deal as far as a f/o goes. Whether we have a debt facility as part of the Canadian deal is debatable since Toscana defaulted. This is probably just the beginning as a producer in Canada. When we appraise Serenity I would expect the reserves to qualify us for the RBL debt facility. If there are distressed producers in Canada, I certainly wouldn't object to there takeout.

harel, i didnt sell out, im by far the biggest pi in this company. How do you know this? How much do you have invested?

WOW!

They will also want to know what the appraisal figures come out at? We need to know how much the sand thickens west of Serenity. Two step out drills I believe.

Ftse on track for worst day since 1987 as Coronavirus grows. Trump adds to problems by stopping europeans from travelling to USA, tho' UK residents can? This is the general market and something we can't do a thing about. I am still sure we will get funds for the summer drills. No doubt i3 will extend the life of the warrants for all holders as they will probably be the first port of call for funds. No body sells warrants ATM; they are here for the longer term. Lets not forget the market we trade is a secondary market and the market can price a share as they please. We still have the Dana discovery at Lib which will be developed and transformational Serenity. I don't believe suspending the share would have done any good. We just have to ride out the storms' the same as the rest of the market.

Dow: They then recovered and roared into the close, posting intraday highs in the final hour of trading
Investor sentiment also got a boost from a deescalation of the mounting oil-price war between Saudi and Russia.

Dow trying to get its losses back. What about us tomorrow?

Nah! a decent deal will see this at 25p at least.

had to top up with another 45000, getting them for nowt. You have to believe of course.

I don't go along with that. Their is nothing to stop i3 from issuing new stock if they need to raise funds.

A second listing gives extra cash if i3 release further shares to the market, and of course dilution for shareholders. The y mentioned noteholders, this is a further avenue for large holders to trade their shares. We should concentrate on a farm in which is what everyone is looking for. Lets believe them. Renegotiating warrants does not help the shareholder; they have a four year life span and that's the way they should stay. If the warrant price was dropped and they vested we would have cash but not as much as the warrants are worth now; we would also suffer dilution so the best way forward is a farm in with Repsol who would be the operator. Aimo.

Well at least we have a drill date so something is going on. Doesn't look all that bad considering some one had to be screwed. If Serenity is successfully appraised I'll be happy. Majid should have been shown the door. He was given a million options wasn't he? It appears as if some ii's want to sell some stock but retain their warrants; that's the way I see it. I can't afford to go anywhere; too much to lose. We have Serenity and the Dana drill to look forward to; news will trickle out concerning funding/farm in.
We really need that news before any secondary listing.

When the time of the General Meeting is announced, we know it should indicate 21 days notice. Of course any news could come before the meeting, but at least we would have an end date for an update. I don't believe i3 can change there spots so probably the normal leak will occur?

Just let i3 get on with it. Their should have been a general meeting mid Feb but it looks as tho' negotiatings are still on going. Their might be too many pre conditions from Rre/Repsol; they are fully aware of i3's situation with no appraisal of Serenity. We really need the backing of the senior lenders, whether for the lib 1 development or appraisal of Serenity. As i3 have said, they now have collateral. I don't see why anyone should worry when it gets to March. Negotiations are obviously taking place; Im sure the ii's are making sure they have some sort of hedge in place, possibly a % of Serenity in return for further funding? Their will be a price to pay whatever comes next. The ii's coughed up when the sp was a lot higher, so they won't walk away now.

We have Serenity and a discovery by Dana so we have collateral to offer. We have to believe that Serenity was "transformational for i3." Everybody is jumping the gun assuming anything and everything. Even if Serenity wasn't part of Tain it wouldn't be the end of the world as it would still benefit RRe/Repsol if Serenity used the Bleo Holm. It also wouldn't bother me if the ii's forced a change in the bod's which they are capable of doing. We have the General Meeting within the next fortnight so why sell? Fascinating !

Might force the bod into a statement; don't hold your breadth.