Member Info for G_G_G

No news, no surprise. I fully expected Hanno's timeline to be missed, as always. CNY has been over for some time and we're still waiting on EPC & O&M contracts that were due last year. A partner update on their core drill holes would also be good. They can even make up something about Hanno's brother's company. The tariff feedback is with Moz so anything this quarter would be nice. But yes, we're stuck down here until news. Good chance to top up given the sell-off in AIM is continuing pretty much across the board this week due in part to IG margin call. To be honest I thought with our overdue news and the IG fiasco we could be closer to 4p. Silver linings and all that. I'm heavily invested in i3e (good thing) so if we start seeing fair value over there in the coming weeks then I'll top up here again. Seems crazy not to at current sp with news due and being down near my average again. Tariff is the key to unlocking riches here. If / when we get approval I'm expecting 10p. But a sniff of good news on this front and I'd expect at least a 50% gain from this level, which will present a good trading opportunity. AIMHO GLA

Agreed Tony. The fcf numbers look great with poo $60+, but what happens if it goes to $50? This is entirely possible when OPEC open up the oil floodgates again. I know many on here think poo is only going up, but I just don't see that happening as supply starts to come back online. I'm inclined to think OPEC (KSA in particular) are going to try and keep us in the $50-60 range to slowly strangle shale. So long as we're still throwing off fcf at $55 at or near the Mirabaud numbers, then we're good for some time. But for now, and for the next 5 weeks, the sp can only go up. All news is likely to be +ve, and if they can get that f/o sorted in the next month we're into double digits.

that an mcap of only £70m is a sp of 10p. It's now confirmed that 2021 will deliver £20m fcf at current production levels and poo, and that's without the addition of Noel production. If we trade similar to peers we should be £100m mcap (14p). To think mgt can easily replace and add another 20% to our circa 9.4k boepd production by spending around £5m (self-funded). Debt load is negligible. And there's a f/o in the mix that has potential to unlock up to 100m of Brent in the Nth Sea. PR! PR! PR!

Lovely to see this morning's rise. As mentioned previously I think we'll be sitting in the 9-10p channel by the end of next week after the IGers have been flushed out, and new money replaces margin money. Although 10p still materially undervalues us versus peers, I think we'll need some more news to get us through this psychological barrier. Ideally confirmation of a higher than expected first divi payment, alternatively a f/o will put 2-4p on our sp, depending on where our base is at the time. But most important is the bod get out there and tell everyone of the results, then amplify their interviews in key investor media channels. They have gone some way to restoring trust with their investor base, but they need to build trust amongst those sitting on the sidelines or who are just coming across us. They can put 1-2p on our Mcap simply through good PR. The final thing is they should rns anything to do with Noel or other high impact activity they're carrying out. Every 500boepd in this environment will again add 1p to the current sp until we it fair value, which I would place for now at 12p. Anyway safe to say 10p is under-valued. Hopefully we see the bod popping up on these forums in the margins with a great headline like 'i3e deliver transformational results'. GLA

Thanks Oneshare, hopefully we'll also see some money flowing back in here once they dust themselves off. I imagine there's a number of margin traders who have lost quite a bit of money as they're being forced to sell along with everyone else at the same time. Bloody horrible if you're already under-water as you've just had your loss multiplied again.

Hopefully the bod start a serious PR effort later today / this week and start rebuilding some trust and interest in i3e. Given the news they should be itching to be interviewed to tell people like me they were wrong and everything's legit. Time to wake up the herd.

Hi Oneshare, surely 100% margin by Friday will require selling of shares if the PIs don't have the cash to complete the margin call...? And the end of March forced liquidation only comes into play if they're still holding any stock in the companies on the list...?

I may be completely wrong but that's how I've seen it. If I'm correct the small caps on the list will have a large amount of traders liquidating because they won't have the cash to hold a 100% position. Funny thing about margin traders is they normally trade across a number of companies, so they're going to be selling a number of stocks, even if they don't want to, which is what we've been seeing across AIM this week. The better bets may involve them going to 100%, but it will need to be funded by other positions being liquidated. And ultimately they'll need to exit any of the stocks on the list by end of March and re-enter via another vehicle. Either way we're seeing a steady decrease in sp for most companies on the list this week, especially the worst bets. And I expect IG money from the companies being sold down will flow to the better bets on the list via another vehicle in the coming weeks. So subdued increase today, but I'm expecting a steady increase over the coming weeks when the margin traders re-organize and realize there's 50-100% upside here regardless of Serenity f/o. AIMHO Happy to stand corrected.

Oneshare, I thought IGers had to exit their positions in the listed small caps by Friday...?

Yes feeling a lot better Longfell. As many know I lost over £70k before bailing just after the start of the pandemic last year. Back then I felt quite lucky to get out on a spike in the 7's, as I could have lost a whole lot more. I've always kept an eye on i3e, especially when they starting picking up the Canadian acreage, which appeared to be an inspired move. As a consequence I dropped a pretty significant amount of money back in here and built up 3.75m shares mostly in the low to mid 4's, helped by some pay-offs in stocks like hzm, txp and ars. Although I wasn't worried about losing money given my average is so low, I was concerned about being trapped in the same stock because the bod over-promised again, whilst my watchlist steadily increases. The stress related to being over-exposed in a small cap is always greater than any other investment if things could go both ways. No concerns here now. To be honest I'll go for more if we drop back to the mid 6's. Very close to buying more earlier today when I saw the brief drop. Good to see us back in the 7's. I'm expecting 9-10p by the end of the month. I believe 12p is fair value, and Serenity is closer than we think. The point in the RNS was quite clear that other suitors have reappeared and it feels as though i3e are saying to their current suitor either they agree terms or they'll go with someone else. We now have an incredibly strong hand in negotiations given stable future cash flow (poo permitting), Canadian production upside and roaring Brent prices. Whatever we get for Serenity will be far, far better than what we could have negotiated just 12 weeks ago. How quickly things can change. Now we need the sp to change. GLA

So over £500k worth of shares have change hands and it's only 10am. Reckon there's a good chance we'll see over 10% of the company value change hands by the end of the week. Given IIs hold most of the stock, once the profit taking and IGers cash out I'm expecting to see a solid jump. It wouldn't surprise me if tomorrow registers the bigger sp jump on lower volume. The bod have delivered on their promises. And they've thrown in two bonuses, one is the near immediate Noel production upside, and the second is the promise of quarterly reviews. My distrust of the bod has literally dissolved with this rns. I imagine it's the same for most of the posters and onlookers who also held trust issues. Let the re-rate begin. GLA

Oneshare, agree that IG is holding us back. I imagine there was a reasonable amount of shares being held on margin given news was well overdue. They can now cash out for their profits before Friday's close. So we'll hold here before the buying pressure pushes us much higher in the coming weeks. Unless of course the IG traders are flushed out by today's news, then we'll start the climb later this week. If you consider we're looking at 1p dividend at current poo and the bonus Noel production of 500boepd. So an incredibly generous 8.5% dividend would mean a sp of 12p. This is of course assuming there's no tax liability given the Toscana credits. So off 30% of fcf new investors can get an 8.5% divi or better providing they buy up to 12p. And there's the clearly significant exploration and f/o upside. They could fund Serenity appraisal themselves with these numbers, and still not impact the divi payment. This stock is so undervalued it's crazy, no matter what way one looks at it. GLA!!!

Morning fellas, and what a morning it is. We finally got some news, and it was the news we were expecting plus a nice surprise! The surprise being a high impact 500boepd well being brought online next quarter, which isn't included in the production and financial forecasts for 2021. The very base value of this stock is 10p given production, financial outlook, divi and the bonus +500boepd well. To have wells like this on existing acreage is game changing as it points to more low cost / high production potential in the acreage. If they secure a f/o in the coming weeks then 13-15p will be fair value. Congrats to everyone for holding tight. And please excuse some of my moaning the past few weeks. I hold a pretty crazy amount of shares in this stock and got burnt in the last fiasco so I've been pretty highly strung the past few weeks. Looks like we've turned that corner and can start the re-rate to 10p as a minimum. We just need Graham and Majid to get on the channels and talk about their success and forward plans. To really build some trust in the assets and themselves amongst the market. It's truly wonderful to be able to rest a little easier at night. And to think there's still f/o news to come and the potential to add a couple of thousand boepd from Canada for pocket change. Easy 50-100% from here. F'ing brilliant!!!

Agreed Austin. A much more measured post compared to my Monday morning rant. Let's hope the bod are showing some respect to their Canadian shareholders and aiming to deliver news this afternoon. If not they better start getting together a holding statement with some good reasoning. It's completely unacceptable to get to this point given their past indiscretions, especially when they have cost their PIs base so much money over the past few years. I really don't understand what's going through their heads to not put out a holding statement. Anyway, hopefully it's because they want to deliver f/o news, alongside the promised fcf and divi. This is the only good reason for delaying a statement, but if it's going to be delayed beyond this week, then they need to give us the promised financials. Recent production update would also be welcome. GLA

Share price drop is not looking good. If this is another leak and the sp gets smashed before we hear of any bad news then I'd like to ask that every PI writes to the FCA outlining how this has occurred on a number of occasions, and there needs to be an investigation of the share register, and who was selling pre-news on all occasions. We are the best part of a month overdue on news that shouldn't be hard to announce. It's absolutely disgraceful that the bod hasn't provided the market with some form of update given past failings. They have made sp sensitive statements up until this point (i.e. divi payment, timings etc), so they should update the market once they know they're going to miss this guidance by an unacceptable margin. We are 3 trading weeks beyond the limit of their announced timings, which I'm sure is unacceptable to most on here. At a minimum they should update the market on what is causing the delay, and what will be in the next statement from the company. As well as providing new timings. This is basic investor relationship mgt. It also shows a minimum amount of respect to shareholders, many of whom are well under-water, or over-exposed as I'm sure many of you have made the decision to 'average down' after the last disaster and new promises made by the bod. If they're late, miss guidance, and there's more evidence of insider trading then I hope they both investigated.

Given the promise of newsflow and better investor relationship mgt I'd like to hear from Hanno even if there's nothing specific to announce before the end of the month. A simple, 'things have been delayed but everything is still on track' will suffice. He can then provide another bull**** timeline and we can feel a little more assured as the weeks and months drift by without the promised news. Hanno had mentioned end of January for tariff feedback. So I don't think 1 month late is asking too much. He also owes us an update on EPC & O&M, plus a more general partner update. CMEC were after all scheduled to be drilling some core holes - what's happening with this? Hopefully not too long to hear something, anything. GLA

I'm in the same place Oiler. PIs have been shafted here more than anyone and have every right to ask for the updates the bod promised by the end of January. To have no idea of the commercials of the assets after 5 months is quite ridiculous. And to be 3 weeks late on their own stated timelines is mind boggling when one considers the absolute lack of trust the market has in mgt. Given this lack of trust, I'm also concerned they are delaying any news because the Gain financials don't stack up to the numbers they gave to Mirabaud. I'm hoping they're not waiting for the f/o to complete, or extending the reporting period so they get more +$50boepd to pad out the numbers. Having said this, I'm heartened by the fact there hasn't been a major sell-off as their II mates have been on the inside twice and dropped their shares before PIs got any wind of issues. I also see the irony of declaring 'there's been no insider trading' as a positive. Another plus is I keep telling myself that due diligence would have been done on Gain by the bod and their II mates, so the financials cannot be far off what they've shared. We'll soon see I suppose.

It must be so incredibly shameful for the bod to look at the sp and read this board to see how little trust the market has in them. But to be well over-due on your timelines, given the circumstances...? Fire and petrol come to mind. The thought of them having pulled the wool over the everyone's eyes again really is too much to even contemplate, which is why I hold onto these shares. Taking into account what they pay themselves in wages, options and free warrants, I simply don't see them having any future in the market if they prove themselves to be charlatans. So I hold (and hope).

I'll certainly be digging two if it comes to that, one for Majid and one for Graham :)

Guys, it's a very simple binary play here. Either you believe in Hanno and Scott to deliver this project (I believe more in Scott), or you don't. If it falls over then yes the sp will crash and I'll go as far as saying we'll be at 2p. Alternatively if the project moves ahead into production then we'll likely be bought out by our Chinese partner (in part or total), for a sp higher than 20p. Now the way timelines have gone to date one could easily say that won't happen this year. Timelines are completely worthless and Hanno pulls dates out of his @ss as a means of keeping some degree of investor confidence and the sp from crashing. But we're now in the hands of EDM & Moz. Given the entire continent works through bribery the next stages could take a very long time to complete. So I'm hoping this is where our Chinese partners can apply pressure and a few brown paper bags (without our knowing of course) to get the tariff approval over the line and the final valuable pieces of the jigsaw into play - PPA and PCA. Once these are finalized a buy-out can occur. But not before the tariff is signed and subsequent milestones achieved. I'll be f'ing annoyed if we're still waiting for tariff approval in H2, but equally it wouldn't surprise me one bit. I stay invested because I believe the project will go ahead. And once the tariff is agreed we'll re-rate to a more respectable and fair value of circa 10p (imo). The following milestones (PPA & PCA) will take us to 15-20p. The eventual buy-out value is anyone's guess, but if we make it to FC we certainly won't be holding 40% of the project.

Having said all this we should be able to hear about EPC & O&M contracts. These are well over-due and don't rely on EDM or Moz. AIMHO GLA

Seriously wtf is happening with us. Other producers have jumped 50% even with immense debt loads. We're producing almost 10kboepd, meant to be low cost and generating significant fcf at $45 Brent, have significant long-life reserves, significant production upside, plus significant exploration upside with a f/o agreement currently 'with lawyers'. This is what the bod has told us. And now with Brent above $65, and gas safely above financial modeling numbers, we're sitting at 6p. Absolutely astounding level of distrust in our bod by the market. Oh, and we're waiting on overdue news. F'ing mind boggling behavior by our bod given where things stand.

I'm with you Tony, ************s is one of the biggest id!ots I've come across on these boards. Everyone, please ignore his posts if you come across them. Shouldn't be too hard given the content.

Some decent news today by the looks of things. Has the company updated the market on its cash position recently - I cannot find this info in any rns?