George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
From Majid last year I’ve mentioned a few times the growth potential in the asset in some key areas, which are the Simonette and the Clearwater. We’ve also got lots of potential growth in the Wapiti and Central Alberta but Simonette and Clearwater are massively under booked in terms of our reserves bookings. The Simonette itself, if it was fully developed north and south, Simonette could deliver 30,000 barrels a day, which is obviously a multiple of what we’re producing at the moment and the Clearwater which is universally regarded as the best onshore acreage in Canada and the U.S. We’ve been growing that position largely through land sale options. We also did a very significant farm-in in the Clearwater. We now have almost 109 sections in the Clearwater, so a significant position. All of this is also largely operators so we are in control of our own destiny in how we develop it.
These areas have got potential for significant growth
Lots of news next week
1 Dividend 0.25p
2 Capital reduction
3 oil wells sold (we know of at least one has been sold but not how many more (will they make a announcement
4 We do know a announcement is going to be made but can only speculate on the below
1 land sale
2 partnership in developing certain areas ie Clearwater
3 Development of wells receiving royalties
4 buying another oil company
5 development of Uk assets
6 3rd oil company to develop Uk assets.
7 sold off Uk assets
8 close down Uk team and move all to Canada(highly unlikely)
The Company is progressing several initiatives which will be incorporated into an optimised 2024 drilling and capital programme, and we look forward to updating the market on this during the course of March."
The Company expects to pay the Q1 2024 dividend of 0.2565 pence per share in early Q2 2024, with an announcement made in due course.
11% dividend
For any new potential investor.
As we enter 2024 with continued weakness in commodity price forecasts, in particular for North American gas, our business strategy remains flexible between high rate of return organic drilling and inorganic growth opportunities. The Company is progressing several initiatives which will be incorporated into an optimised 2024 drilling and capital programme, and we look forward to updating the market on this during the course of March."
If I3e is selling part of its acreage in Clearwater then the only company which fits the bill is LOGAN
Who wants to increase its acreage in simonette Montney and ITE is surrounding logan own acreage as neighbours.
Check the map on Logan site
https://www.loganenergycorp.com/wp-content/uploads/2023/07/Logan-Energy-Investor-Presentation_2023-07-13.pdf
Could be but could not be interesting times this month
Athabasca has sold its 70% operated working interest in Placid targeting the Montney, its 30% non‐operated working interest in Saxon and Simonette targeting the Duvernay and other associated non-core Placid Montney assets to a private company for $160 million in cash before closing adjustments. During the first half of 2023, these assets collectively averaged ~3,000 boe/d (~45% Liquids).
One wonders how many acreage is been sold by i3e with one well sold to tamarack.
Hi GGG
Yes an interesting year ahead.
We will know soon how cost cutting has helped with profits and the expectations of 2024.
I hope to see the focus for this year will be clearwater and dividend maintained.
Acquisition at the right price.
I see Canadian oil is likely to be swallowed up by its loan company.
Any acquisition must have large losses to offset against our profits.
Will we be around by year end .
selling pi down the river .
what a **** premium at today’s price.
stick it out ggg you may get a increase bid and they surely need to release a few rns
i can see them taking it over with all their jobs intact and then selling it on to another mining company for a substantial increase in value.
seen this happen before.
on the positive on i3e
at least our board have told us we are worth more than 14p.
0.25 p div next month
buying momentum seems to be increasing.
done my buying in i3e this year
26 buy trades
1 sell trade
A lot of shareholders would agree on lack of PR.
Delayed results.
The fires reducing production not a dicky bird although all other companies were announcing production has been stopped in areas effected.
What about the releasing on cut of dividend to half and quarterly.
Yes painful for some and a lot of shareholders like the monthly dividend to top up their pensions.
But what gets me is they did the announcement just before the 3 yearly rotation of Directors elections which therefore shareholders did not have time to vote not knowing this information in time.
It wouldn’t surprise me they had a meeting and said we will delay the announcement as we already know the intentions of one of our large investment companies in voting one of our directors down.
I looked at this was a firing shot from the investment company and with the shareholders the director would not had been re elected .
Tony
GGG has being going on about lack of PR for the last 6 months
Even the directors have said their profile in Canada needs to be raised as they want greater shareholder% in Canada.
What have we seen so far.
A couple of investors podcast on results
Can you as such a great researcher find anything else the company has done other than taking their pay check.
Two CEO I can see the Canadian one been busy but what does Majid do every day as he should be promoting his company left right and centre.We are not seeing it.
Shareholders have decided to Not renew directors at Europa oilConsequently, Messrs Oddie and Williams will no longer be directors of the Company at the close of the AGM.
Funding has also been withdrawn
Don’t expect a response Tony.
We don’t get value for money .
It’s a aim company and the CEO is on £50,000 a month with out options
Come February I will start a campaign to remove Majid if the share price hasn’t improved.
You be amazed how many investors who have large amount of shares don’t post but read forum’s
Two days ago, JPMorgan’s head of energy strategy Christyan Malek warned that amid the recent plunge in oil prices, driven as much by shorting CTAs (who today are in full-blown short squeeze panic mode) as the Biden admin, the oil market was underestimating the chances of deeper supply cuts during this month's Nov 26 OPEC+ meeting.
“The market’s probably assuming very little chance of that happening, I’d say it’s much higher than that – not as a base case but as a scenario” Malek told Bloomberg in an interview, adding that deeper curbs would be "in order to get ahead of potential weakness in the first half of next year."
lou
we all like you to suck off
you bring nothing to this board.
but hey ho we all know you won’t as you need to push your jims board as everyone who joins you will no doubt you get commission.
tony don’t reply to this **** hole please
he a *********s but he beats all of them