Member Info for G_G_G

Tony, why use PDP rather than financial metrics? Reserves are one (and not the best) way to analyse across companies - this is something we've agreed on in the past. EV:EBITDA imo is the best metric. How do we stack up against the competition on these metrics?

Also, what do you think of DELT? Take a look as I think this is a f@cking good speccy over the next 6-12 months. Happy to pick up on the other board.

Tony, I think the point IBB is trying to make is the 10% Canadian ownership is linked to the lack of coverage we're getting from the majority of leading Canadian banks and funds in the O&G sector. You've made the point previously that our under-valuation versus peers is probably related to our low Canadian ownership, which is something I agree as a probable reason. So getting more coverage surely has to help, especially when coming from such a low base of local investor awareness. The probability of investors putting money into i3e is zero if they haven't heard of us. And doing f'all to drive awareness is simply going to keep that probability at / near zero in Canada, alongside a low valuation multiple.

We've seen what PR coverage here can do to the sp. They should be focusing on doing this in Canada. I believe there's another couple of pennies in value that can be squeezed solely from doing this, alongside the excellent job they're doing from an ops standpoint. Either way things are looking much better now. They need to jump on this momentum and give us a proper re-rate. GLA

Couldn't agree more IBB. It's something that needs continued focus as they're managing pretty much everything else quite well.

Not a fan of BBs. Waste of money imo and I'd rather have it in my pocket for sure, than expecting the sp to re-rate upwards. Only time I see that happen is when the BBs are substantial, and even then it has f'all impact on the sp.

Quick question about the trans mountain gas pipeline, how confident are posters here on the re-rate upwards of Canadian gas prices in 2025? And how much of this is driven by LNG exports, for instance how much Canadian production is expected to head to other markets through LNG Canada and the US facilities?

Looks like I'm going to need to wait until after ex-divi if I'm going to get more in the high 10's low 11's. Bugger as I had opportunities to build another 500k-1m shares in the 10's a couple of weeks ago. GLA

ibb, you're making some very good points. i agree they can and should be doing more in canada. there's no excuses. if i3e is to get closer to canadian peers we need more canadian shareholders. the lse and aim have proven themselves to be ****house places to be listed as a commodities company versus us, canada or aus. mgt need to get their act together on this front and drive more canadian ownership.

Stas, Tony, why are you in 88e and PANR, and not DELT :)

I know it's frowned upon folks but I've just finished accumulating a decent stake in a great speccy. Worth checking out if you're interested. Imo it's one of the best I have seen in a while. Tony, would love to get your thoughts on it. It's still flying under the radar but I do feel has the potential to 2-5x in the next 9 months depending on results. Company is called Deltic energy. Happy to talk more on the other board for those interested.

As for here, well it looks pretty good doesn't it. I'm back up to 4m shares. Still looking to accumulate more on any weakness. I'm expecting a bit post divi, as is the way here. Hard work getting them at the moment. GLA

Waited until this evening after finishing my top-ups for my desired holding.

Here's how I see it. I'm expecting news on Penascola within a month. This is their focus and they need to get an agreement in order to get sign off from the relevant authorities a month later. This takes us to early June. Mobilisation starts on Selene in July, followed by Penascola (which will need to be confirmed before-hand).

What IS guaranteed from now is regular news on Selene. Although not guaranteed I'd give +90% probability that Penascola is signed off in the next 8 weeks. As a consequence I've just topped up another 75k shares today (those 25k buys are mine) to have 725k in total @32p average. Quite happy with that overall as even if they do a capital raise it will be above 30p. This is my speccy for the year. Plan is to offload 150-250k in the 50's before we get the Selene result and ride the rest.

People need to keep in mind here DELT have a discovery that is being appraised, which according to Shell is a very significant find (otherwise they wouldn't be bothering). On top of this they're drilling Selene before-hand that could be even bigger with a CoS of 70%, again according to Shell. Shell are a super-major and don't tend to over promise like minnows so it's their words I'm focused on.

We are about to enter the news cycle folks. Selene updates will be regular from next month. And WHEN Penascola is signed off we will have constant news until year-end. Within 6 months we'll have the Selene result and be drilling the Penascola appraisal. In the success case on both you have a guaranteed 4-5x, and in the success case on one we have a 2-3x. Lemmings are asleep at the moment and those here are trading 25k shares for 10% profits at best (to me). This is how I've picked up another 75k in the 33's today.

All playing out as I have mentioned on here. Slight pull-back for the next week or two, before a news cycle that is now guaranteed pushing us into the 40's. Once the drill bit on Selene starts turning (with Penascola locked in), we'll be in the mid 50's. It will happen. Just needs a bit of AIM lemming bait to be put out. GLA

Thanks for the info IBB. When is a realistic expectation that CAD$3-5 could be achieved on the back of the pipeline and LNG plants? Are we talking 6 months or 6 years?

I think it's investors thinking the Penascola deal is some way off and so taking profits (for those who recently entered). Its why I said if we still haven't heard anything in a couple of weeks the recent 10% gains will have been erased. Maybe a touch more weakness for the next few weeks is my guess.

Easily IBB if you're focused on fundamentals and macro O&G movements. Small bonus if there's a gas pipeline I wasn't aware of opening that will decrease the price differential on the problem commodity in our mix. Just not something that I'd base my investment decision on. Hopefully a bit more weakness in the sp and I can add a few hundred £k more here :)

Tony, what in your opinion are the realistic effects of the line fills...? I wasn't aware of the 'coastal gas pipeline' - what impact will this have on AECO prices in your opinion?

POO not a problem for the next 6 months, but gas is anyone's guess. Certainly doesn't look like we're going to get back near the 2's until this winter. Hopefully Majid and co. are considering how they can point all our cash at oil rich wells this year. GLA

Anything above £50m mcap (54p) I think is going to require exploration or appraisal success. The current sp is just a few people waking up to the opportunity here in the next 6 months, alongside a few that have been waiting in the wings starting to get fomo. It'll likely drop back to 33p if we don't get news over the next couple of weeks as some take profits. Reckon that will be the last chance to top up in the 30's, as once funding news lands, and the news cycle begins, we'll start a climb to £50m mcap quite quickly. Following that it's down to drill bit success and the number of AIM lemmings running this way. If it gets 88e or PANR sorts turning up then +£1 is definitely on the cards should Selene come in at the same size as Penascola. If both drills come in (and we have a lot of lemmings), then £1.50 is likely. GLA

Another 200k for me at 11.36p. Gutted to be buying in the 11s but would like to get a few more before the divi declaration. Might still be able to pick up a few in the high 10's. GLA

Yep Publican. I was saying wipe-out when they first had a cost over-run. Crazy that people are still buying here. Wiped from my watchlist just now. Goodbye folks. Hope you have some better luck elsewhere.

Publican there's some pretty solid companies operating on Aim. Take a look at PTAL, i3e, and if you want a speccy there's DELT.

ah ****. can't believe i was hovering over 10.5p for 500k shares last week. at least i managed to get 3.75m before things started to take off. it's going on quite a run.

as for targets, to be honest i'm unsure where this is going to settle as there's so many moving parts, which are all quite +ve in their outlook. the poo is strengthening and the trans mountain is going to add to our returns. there's the debt restructuring, which not only guarantees our divi, but also provides a shot of capex for oil production. there's tain / serenity. and there's possible asset sales. so anything from 12-16p is my guess. the latter will depend on asset sales all things being equal on commodity prices. nice start to the easter weekend. gla

Scouting, I'm not trying to talk the share down, but it will likely pull back. There's a hell of a lot of flippers here. Important thing for mgt to recognise from this week is the power of a little PR. They've just released some good news, had it picked up in a few places, and have done an interview. On the back of this we've jumped over 10%. If they got into the habit of sharing good news, more often, and more widely, then we wouldn't be at risk of dropping back in between news periods and probably 1 or 2 pennies higher.

Maybe 11p tomorrow, but my bet is we'll be back to the mid 10's by mid next week if we don't get anything else to keep people from taking their 5-10%. Fine by me as I'm willing to support the sp at this level.

Outlook looking strong here though, hence my accumulating over the last 2 weeks. GLA

agree 3lbs but i picked up 250k at 10.5p earlier today :) problem is the sp just jumped and now i know why - the proactive interview. the irony isn't lost on me that we've jumped due to pr, which is something i've been complaining about them being **** at doing for years. suppose it's some type of karma.

reckon it will drop back again to the 10.5p range after people have taken their profits today. if you were piling in a couple of weeks ago you'd be 20% up right now. i'm relying on some trimming to get some more in the low to mid 10's. gla

All good news from my pov as I'm looking for an under-valued company based on fundamentals, which is paying a safe, high yielding dividend. Based on this I'm struggling to find a better company than i3e at today's sp. So for selfish reasons I'm hoping we have our traditional pull-back over the coming weeks so I can accumulate more. I've got a bit of a war chest so anyone wanting to book their 10-15% gains over the past month will find a willing buyer here providing you're willing to sell in the low 10's :)

Imo DELT will be 50p just before / after the drills start turning in Q3. I think Penascola funding could add 10p if it's a good deal. And then there's a whole lot of news that will be delivered in the run up to drilling each well that will take us to 50p e.g. confirmation of dates, rig mobilisation etc. Every time they provide an update it will put DELT on AIM investor radars. Every interview and piece of coverage following will increase reach amongst AIM investors further. Finally there's the 10% sp movements that will no doubt follow, which in turn will further put DELT on AIM investor radars.

Point being is DELT is flying under the radar. It jumped by 50% on the back of the Selene funding deal and the following PR / coverage by Malcy. Imagine what happens as a regular news cycle starts kicking in for two major drills in the Nth Sea.

So 50p once funding for Penascola is complete and the drills are turning on Selene. This will only put us on a circa £45m mcap for an appraisal well on a very large discovery, an exploration well in a potentially huge field with 70% CoS, and all backed by Shell.

Sometimes AIM gives you a speculative gift. DELT is the biggest gift I've seen in a while. Crazy thing is AIM is full of rainbow chasing lemmings, and they haven't even registered here yet. Not long before they come running though. The first catalyst will be Penascola funding. And then the mindless ramping and dreaming will begin. Will let you know if I take more. AIMHO GLA

Yeah they weren't even big trades. The big ones are often hidden from view for a couple of days. Up to 600k holding now. If I end up with 1m limit then I'll cut some back when we've climbed to 45-50p. My estimation is this will happen just before the first drill starts turning in a couple of months. I'll then ride 600k to the moon :) GLA