Member Info for G_G_G

Agree with your last post Tony. I do see it as a +ve that most warrants haven't been exercised as we approach a news rich period. Such things are always -ve to the share price, which means we have more ground to cover on the way up to exceed recent highs. And they're often being held to dump into sp surges / spikes, which again puts the brakes on things. I do hope we don't see any more warrants being cashed in over the coming weeks. It's quite clear that we're going to be bouncing off 10p for another week or two. I think we'll be sitting in the 10-11p range as we approach the end of the month. I do hope these guys have their act together by 30th April. It's unforgiveable for them to be missing their own deadlines, time after time, after all the **** they've put their PIs through over the past couple of years. And they're still doing it now. How hard can it be to get the bloody paperwork sorted for the divi they've been telling us about for almost 6 months. We're at 10p, when WTI is $63 (ridiculous level), because the market doesn't trust them. You'd think delivering ahead of timings and guidance should be the order of the day. And yet we still wait to hear from them. Divi paperwork sorted with a committed payment date, forward guidance with outline of drilling plans, and some hard production and financial numbers before the end of the month. Many of these should have been delivered months ago, so it shouldn't be too much of an ask. The really need to get their act together and do their bloody jobs!

It will be 4.55pm on the 30th only if it's a nightmare rns. I'll go with end of first week of May. I don't mind if they're a touch late providing they get the bloody divi sorted and provide some forward guidance for the remainder of the year, which includes drilling at least 10 wells. They've been light on detail for a long time now. The need to provide the detail and start delivering on their commitments. The divi is months late, and they still haven't kickstarted the paperwork to get it paid. I think there's a few people still sitting on the sidelines wondering if these guys are legit. It would be nice if they can put to bed all those concerns and get on with delivering on their words. They have 2 weeks to do it.

I'd be pretty bloody disappointed if they decide to cash in their warrants on another dilutive acquisition. It would need to be one hell of an acquisition for me to be ok with it, and absolutely sp accretive, which I doubt is possible in current oil environment. Even the shale patch is up off its knees and drilling like mad again. They clearly haven't gotten on top of everything they've already purchased given the delay in divi, lack of f/o etc so would rather they do this before embarking on any more acquisitions. I agree that growth should come from what we have already - drilling Clearwater, more Noel wells, and getting the f/o sorted. If they do this we're 15-20p. More than happy for us to be bought out as well, providing it's for +20p :) GLA

Jesus, look at WTI. Have some Saudi facilities been hit by missiles in the last few hours?

Great analysis as always Tony. When comparing we need to keep in mind our little to zero net debt, an industry leading divi, and Serenity, with Serenity being the real joker in the pack. Whatever way one cuts it, the company should be valued around 15p right now. Some great news to land in the coming days as oil surges should get the re-rate underway. Something on the divi would of course be the easiest place to start. GLA

Hi guys,

Been off the board for a few days - I got suspended for saying 88e was a con job :) After 2 days to reflect I've decided to look at the 88e lemmings running off a cliff from an entertainment perspective now, rather than trying to stop them :)

Still stuck at 10p I see. Let's hope the bod pull their finger out and deliver some hard news on the divi soon. Getting the paperwork done and telling us when it will be paid would be a good starting point! Agree we need to target oil from now. The Noel prospect points to plenty more gas being available. But oil makes complete sense given profitability, current poo and short-mid term future. The f/o will obviously put a higher floor under us. It will be exciting when they finally sort it out and the lemmings start running this way after the drills start turning. Need to secure the f/o first though. GLA

- i3e
- £70m Mcap (for now)
- Circa 10,000boepd production (2/3rd gas, 1/3rd oil). All in Canada. Low cost on-shore drilling.
- Low b/e levels across acreage.
- Circa £20-25m fcf. So profitable, and remains profitable at oil and gas prices considerably lower than now.
- Just announced maiden dividend equivalent to circa 6% yield at current 10p share price. Commitment to pay-out a minimum of 20% and maximum of 30% of fcf.
- Company has circa £90m in tax credits.
- Next to zero net debt, which is almost unheard of in O&G.
- Significant production upside. I3e just drilled a 500boepd well in a completely new play. They have huge acreage in Canada’s 'Clearwater' formation, which is just being opened up and has the best economics in Nth America. Wells typically deliver +300% IRR.
- Immense exploration upside. Aside from Clearwater and other Canadian acreage, they're in the final stages of negotiating a farm-out of their Nth Sea discovery, which has been independently assessed to have up to and exceeding 100m recoverable barrels of Brent. Note the word 'recoverable'. The field is next to producing fields in final production years and has all necessary infrastructure in place. The infrastructure is looking for more production to be economical. The field is thought to be connected to a smaller adjacent field looking to be developed by Repsol Sinopec, which is the front-runner in the f/o discussion.
The company is a safe, low cost, profitable producer with immense production and exploration upside, whilst paying an industry leading dividend and having next to zero net debt. DYOR and check for yourselves. If you guys thought this piece of ****e was worth £500m then I cannot even put a number on the value of i3e. Dividend is about to be paid so not long before the next proper leg-up starts (it has doubled from recent lows). Plenty of research has been done. Broker and independent reports have this stock amongst their 'top picks' and nailed on to double / triple from current sp over the next 12 months. As mentioned DYOR and you’ll be thanking me in 6-12 months. GL!

It is positive Lancaster, but how positive depends on who sold him the shares.

Couple of thoughts on the 10m shares. Not to put a dampener on things but that amount of volume would need to have been from one major shareholder to another. So we should have seen another TR1 on this, and yet haven't...? The other thing is the rules around director buying would suggest we're a reasonable distance from getting the tariff signed. In the past people have defended Hanno's lack of buying by saying he wouldn't be allowed due to his insider status and major news being due. If this is the case then what does it say about SF picking up 10m shares in the 3's when we're a couple of months over-due on tariff news? Let's not even speak about EPC & O&M or any form of partner update. There's a lot of things that need explaining in this company at the moment. Our involvement with Hanno's brother's company and the f@cked up loan agreement that still hasn't been fully explained for one. And of course all the over-due news on main project being another. There's a stench that's starting to grow...

Genuinely amazed that someone could accumulate 10m shares and not move the share price. Not sure wtf is going on here anymore.

I wouldn't say that's my strategy at all Mace. I'd say what I've described is rational, considered, and above all responsible. You need to keep in mind that I'm talking about holding until just before drill results are announced. This could be 25p, however if we retain 40% ownership, and the 88e muppet brigade descend on us, then Tony's 40p I see as being v.realistic. Keep in mind we'd be valued at £280m, which is almost half of 88e at its peak. And they didn't have 10kboepd, Clearwater, divi etc. I'd get out just before drill results, which is when I see as being the optimum time to completely de-risk. Often 'forum' companies are valued on a success metric at that point anyway, so what's the point of holding...? If it's a huge success then maybe I miss out on 10-15p depending on the value ascribed to us just before results. But if it's a small to moderate success, or a duster, then I've gotten out with zero risk, and more than likely a greater profit.

As for my posts being aimed at a wider muppet audience, I's say not yet. We don't have many muppets here. Go and look at the 88e board to get an idea of what (and how many) turn up when the forums start getting through the gears. It's actually depressing to read the posts of people who are betting their savings on companies like that. But if we get the f/o and drills are about to turn, then yes I'll probably learn a bit more about Reddit and Stocktwits and try to get a conversation going over there :) If you care about your wealth then it might be worth joining me. I actually went over to 88e a week or two ago to tell them about i3e and explain how over-valued the stock was with nothing other than prospective resources to its name. You can imagine the responses. At least with us we're worth 15p all day without any more production from Canada. With another 2-3kbopd (oil) then add 5-7p. With a f/o announcement then add 3-5p. So you're already around 25p on these things alone. Easy to see how the forum mob could push this to 40p when they hear we're also targeting a couple of hundred million barrels of Brent and the drills are turning. At least they wouldn't lose everything with a duster. And besides, we've already found oil. It's simply about assessing how big / commercial the find happens to be.

So not P&D strategy. And nothing aimed at muppets (yet) except for the odd post to 88e a week or so ago. GLA

Interesting question Tony. But before answering I think the first thing to consider is what attracted the muppet crowd in the first place. If there's one thing that a muppet likes, it's the gamble of a big payday. The problem for us is we don't have that 'bait'... yet. The big gamble for us comes with the Nth Sea acreage. If we secure a f/o, and retain a good percentage of ownership, then we'll see the muppets start to congregate. The crowd will start to appear when the drills start turning. And the run-up to results is when the crowd will really descend on us. This is what happened with 88e a little over a month ago. It 8-bagged at one point and is still a 3-bag even after the recent disastrous results. It just needed some concerted pumping on the forums and the rest took care of itself. It had something of a mini viral moment. And this could happen to us, but first we need the bait.

So if these things do start to play-out, we get a f/o on good terms, and we start a run from the forums pumping us, I'd hold until exploration news is about to break. Doesn't matter if it's 25p, 30p, or 40p I'd dump my entire holding just before news is due. I have a young family so if someone offers me £1m for certain, then I'm going to take it. Dividend or not. Exploration upside or not. There's plenty more companies that I think will double / triple in the coming years so no big loss if I'm not invested when it jumps from 30p-40p on news of a discovery. Money will have been banked. My family's future more assured.

I really do believe the f/o is the sure-fire way for us to get to these levels in the coming months. Successful Canadian drills that yield 500-1000bpd aren't going to attract the n!tw!ts in the same way as the promise of a 300-400m barrel discovery. We'd of course push up a penny or two with each piece of news, but for us to break 30p in the next 12 months it will need proper muppet bait. And the good thing is we have lots of it in the Nth Sea. We just need to get that bloody f/o sorted.

Great question though, as it's a lovely scenario to dream about. GLA

True JAdam. I've mentioned before that following 'muppet money' has recently become an investment strategy. If you spend enough time on those forums and pay attention to what's trending then there's genuine potential to land on the next 88e. It just requires some crazy upside, 'moonshot' news on the horizon, and momentum. Case in point, in a rational market the 88e should have been valued at £50m pre-drilling news. Instead it was valued at £500m and had been pumped to 8x the value of just 4 weeks ago. Incredible what these forums can do. Unfortunately being 'rational' means you can't make that kind of money from the muppet brigade. Also goes to show what clever, coordinated P&D crews can do now. The 'Wolf of Wall Street' would be proud.

Yeah nice to see some chunky trades going through. I think we'll slowly build back up to 11p range as the days go by. Anyone remotely informed on this stock knows we get a quarterly update in the next 4 weeks. And there's the circular / divi announcement boost. And potentially some news on Nth Sea, which will put a couple of pennies on the sp. Reckon we'll be above 12p when the quarterly update arrives, and above 15p if we get the f/o on good terms before-hand. All in less than 4 weeks!

It's the Reddit crew. Look at Gamestop and how they've managed to re-pump that stock. There's also an incredible number of small investors who literally say 'oh well I'm only in for £500 and don't mind if I lose'. Its the same type of person that puts money on the football or horses for 'a bit of a laugh'. There's a reason why betting companies make so much money. There's always the gamblers, but Reddit etc have opened the market to many more people, who simply have no idea what they're investing in. If we want to I'm sure we could get some traction on Reddit or Stockwits.

Never bought into the hype Timmy. This stock is, and always has been, a joke. Just popped over to warn people in the last couple of weeks. Go ad check out i3e if you want to know where my O&G money sits. Do your research and you'll see the world of difference between the two companies.

If you're not playing a 'dead cat bounce' here then best to get out. And if you don't know what I'm referring to then definitely get out. That's all there is to this morning. It will continue to drop over the coming weeks / months. Remember this company officially has nothing. No production. No proven recoverable reserves. No money. It's been one big pump and dump. And for those of you who rode the hysteria for great profit, then well played. To everyone else I'm really sorry for your losses, but it can and will get worse. I warned everyone about this last week. This warning is so you can keep your shirt. Plenty of better stocks in O&G that carry minimal risk for very good upside on 'real numbers'. In other words real production, real reserves, real fcf, real divi etc. DYOR

Agree 100% with JAdam. We have low cost, low risk upside. HUR is a nightmare. In order to make it work (if at all possible) a company needs specialist knowledge and 100% perfect execution. We don't have the knowledge. And even the best plans in O&G, with minimal risk, still go wrong. Wouldn't go near it. Serenity is a doddle in comparison and the cost to bring it online is less than HURs debt burden and decom costs when the whole thing goes belly up in the next few years. If indeed it has the potential that has been trumpeted to the market then BP or Shell would have swooped by now. Even at these distressed prices they're not going near it, which tells you all you need to know.

We're on a winner here. If WTI stays at or near $60 for the remainder of the year and we secure a f/o with drilling before year end, then I simply cannot see us at less than 20p even before any Nth Sea success is added. If one of my other riskier stocks wasn't in a depressed state (awaiting news) I'd add another 1m shares here in a heartbeat. That's my level of confidence in the future of i3e. It's almost too good to be true this stock. And of course there's the divi to add to the immense upside to this stock in a buoyant oil market. Really makes you scratch your head when looking at other O&G stocks here and internationally. Anyway the market will cotton on at some point soon and we'll be sitting at 15-20p in a flash. I've got a feeling the start of it will be the announcement of the circular and final divi payment terms. GLA

Please do post the response extrader if you get one. The ambiguity with this loan is ridiculous. They need to come out and answer these, and many more questions as it currently looks dodgy as hell. Hopefully news on the main project in the next month or so. GLA

Perhaps some of the cross-ramping worked over at 88e :) Absolute joke that company, and it's still valued at over twice are current Mcap. Incredible really. They were valued at £500m at one point!!! Anyway, feel free to go over and continue hitting their board with the hard numbers. You're actually helping uninformed, degenerate gamblers to make money, so you can feel good about it.

Tony, nice one on doing so. You can only lead a horse to water...

Forgot to mention 6% dividend yield...