Member Info for freshair

27 th. Oct. Meeting. Lets not forget we have an Information Circular from Toscana, anytime soon to their shareholders. Their board and senior management have already pledged their support to the deal. Toscana have the chance of a future with i3 no matter what anyone says on this board. It will be interesting to see what Graham has been up to? Let the market play with the sp, it will find its true worth in time. I agree, cheap as chips. Canada needs its oil industry.

Keep on moaning. What about these people?
https://www.rigzone.com/news/justin_bieber_highlights_oil_pain-23-sep-2020-163365-article/

I don't know if any one was interested in the carbon capture asset which came with Gain but that is what was in my email. It was mentioned by Majid when purchasing Gain. The Weyburn-Midale Carbon Dioxide Monitoring and Storage Project) is, as of 2008, the world's largest carbon capture and storage project. I had asked do we still have it, but since its in Saskatchewan, I imagine its been sold as part of the Harvard sale.

Wonders never cease, reply from Graham: I am away with no access to email until October 9th. If absolutely necessary, anything urgent regarding corporate matters should be sent to Majid Shafiq at mshafiq@i3.energy.
There you go , no access to email.

Nearly sure some of the RRE management went across to Viaro; so they know the score.

Anyone got G. Heaths Email? thanks.

Grahams already said to expect a decent sp rise within 6>9 month. So I would expect further company take outs and appraisal of Serenity. Probably use Toscana to raise debt.

I have every confidence in hitting 30p to recoup my outlay. If we had only stayed in the NS I would have had serious doubts. I have no confidence in Lib whatsoever. The Canadian model we now have gives hope for a steady build up. I posted this recently, confirming the big boys have already given a commitment to the Trans Mountain expansion for 85% that the pipeline can carry, along with a further commitment for 15 to 20 year use. We already know of BP and their LPG plant in the course of construction. We need to export the Canadian oil to Asia to get a fair price and not what the US have been paying. Talk of possibly two UK vaccines by Xmas should give the world economies a big lift.

I hear what you say but its the geophysicist who decides the best odds of success.

This is why the sp is where it is because of liberator. They bought a discovery
11 MMBO from Dana. They missed for a second time on the last drill, 13/23c-11 which they had talked up . They then said it must have went west to Minos High . We are concentrating on Serenity and even that is reliant on thickening sands to the west. Hopefully Serenity is as they say and we get a farm out or sale.

North Sea oil firm Ithaca Energy has appointed industry veteran Bill Dunnett as its new chief executive. Ithaca Energy appoints former Repsol Sinopec UK boss as new CEO

It wasn't long ago when GGG was a holder here with large losses. I'm in the same boat but still quietly here. I need 30p to get my money back. I have no faith in Lib and we still need an appraisal on Serenity. Suppose I just don't believe anything the directors say. They even said 50% recoverable from Serenity. They would wouldn't they.

Load of ****** what some are saying, no doubt i3 will seek to consolidate the shares, 10:1? along with a rights. Couple of year out looking good.

The soon-to-expire May contract for the U.S. oil benchmark was on track Monday to finish in single digits for the lowest close and biggest one-day plunge on record for a front-month contract, reflecting a growing glut of crude and a lack of storage space.

TOSCANA have defaulted on their debt. i3 have become the lenders and have promised not to charge interest up until the June 30 vote. I3 can seize the assets in lieu . Nickerby is correct.

Agree dim260, lets bash on while the oil price means some can't pay their fixed costs/debt. Lets see what we can get them for?

I know that Putin was wanting the OP to settle around 40/45. Looks as tho' the deal isn't impressing the market , but typical of Goldman;
When will prices rebound? 
* Goldman says they'll first fall below current levels, and then gradually recover to about $40 a barrel in October "as inventories start to wind down."
But: There's still a ton of uncertainty. 

Efforts by top oil nations to reach a deal on cuts of up to 15 million barrels of oil per day (bpd) hit a roadblock on Friday when Saudi Arabia and Mexico failed to agree during a G20 meeting of energy ministers. Norway, Western Europe’s largest oil producer, said on Saturday the country was still considering cutting oil production if the OPEC+ group implemented its plan.

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Intraday 1w 1m 6m Ytd 1y 3y 5y Max
Mountain-Chart
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Date 5/6/2019
Close 70.62


Oil surges as Saudi Arabia and Russia end price war by agreeing on production cuts

Demand for oil has cratered because of the COVID-19 outbreak. That's causing crude to pile up in storage terminals around the world. Those facilities are quickly filling to the brim, which is causing concern that the industry will soon run out of space to store oil. That's leading pipeline companies and refineries in the U.S. to urge their oil-producing customers to reduce their output.Continental Resources (NYSE:CLR) became the first one to heed that call as it pledged to slash its output by 30% in April and May. More U.S. drillers could voluntarily join it in the coming days as part of a semi-coordinated effort to ease the nation's glut of oil. Those supply reductions will make it easier for OPEC and its allies to end their price war and move forward with a coordinated effort to help stabilize the oil market.I don't think we will have a FO unless oil hits at least $50.