Member Info for Goldigler

Can anybody confirm proposed depth of this drill please?

30th Sept interims
Majid Shafiq, CEO of i3 Energy commented:
"The first six months of 2019 was an incredibly active period for i3 as we financed and prepared for a potentially transformative drilling programme while progressing commercial and regulatory work scopes to advance our planned development of the Liberator field. Though we were disappointed to have missed the targeted upper Captain sands with our first well 13/23c-9, our post-drill analysis incorporating data from the well confirms our view that Liberator is a material asset and the Company remains excited about Serenity and Liberator West where the majority of our on-block resources are mapped."

According to this last paragraph, the pilot may have missed the edge of the upper sands but preliminary viewing of the data confirms the viability of the field.

Last RNS:-
i3 Energy plc, an independent oil and gas company with assets and operations in the UK, is pleased to announce that the Borgland Dolphin semi-submersible drilling rig has arrived on location at the Serenity field and that the SA-01 appraisal well has now been spud.
Schlumberger definition of an appraisal well:-
1. n. [Geology]
The phase of petroleum operations that immediately follows successful exploratory drilling. During appraisal, delineation wells might be drilled to determine the size of the oil or gas field and how to develop it most efficiently.

We've not changed rigs :-))

Under way at 00.06hrs heading 163deg at 4 knots

Just a reminder of what i3e will be proving up on Liberator
Located in Blocks 13/23d and 13/23c, Liberator was discovered by Dana Petroleum in November 2013 with well 13/23d-8. It is immediately adjacent to the Blake Field and only 2 km from Blake’s producing drill centre.

Liberator was found to have 24-feet of net pay at the top of a 316-foot thick high-quality Lower Cretaceous Captain Sands reservoir with super-high permeability greater than 2 Darcy’s. The reservoir was fully logged with extensive fluid sampling and PVT analysis proving the 30.3° API, 1.9 cP discovery shared similar fluid properties as the immediately adjacent Blake Field. The Greater Liberator area has total resources of 237 million barrels (MMbbl), 80 MMbbl recoverable.

A reminder of what's coming soon fom the last operational update.
"Serenity is a high value exploration target and an exciting opportunity for i3 Energy and its shareholders. The structure itself is entirely separate from Liberator and will add significantly to the Company's resources in a success case.

looks like 1st one was cancelled, so "only" 1x £573.75k buy
19-Sep-19 13:54:00 153.00 375,000 Sell* 153.00 155.00 573.75k
19-Sep-19 13:54:52 153.00 375,000 Buy* 152.00 153.00 573.75k
19-Sep-19 13:56:33 153.00 375,000 Buy* 152.00 153.00 573.75k

Does the last drill result put future funding in doubt? And is that why the sp has tanked?

https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.proactiveinvestors.com.au/companies/news/902417/liberator-setback--doesn-t-change-upside-potential----i3-energy-s-majid-shafiq-902417.html&ved=0ahUKEwizifDKm8fkAhUSilwKHV80B8AQo7QBCC0wAg&usg=AOvVaw2-HYwNRomaNj07roa3kD_l

I suggest the Internet, can answer most questions

Just to throw in another bit of politics
https://www.kaieteurnewsonline.com/2019/09/07/maduro-orders-treason-charges-against-guaido-over-guyana-claim/

10k that is :-)

tried for £10 but no chance at the moment! I'm obviously not in the right club!

The article in question
https://oilnow.gy/featured/oil-contracts-signed-after-exxon-psa-will-be-reviewed-guyana-opposition-leader/

Heron cos 75%, it is being drilled as an appraisal well, the oil is there its just a question of how much and is it commercial.

Both my buys of £5k showing as sells, so don't be fooled by the system

and 40% recovery gives £4.51 per share, ++++++++ other wells, certainly is a game changer :-))

Hi Noix, with 25% porosity and 28% recovery current share value comes pout at £3.37

ps - I think the figures I've taken for the porosity, recovery are on the low side, so could perhaps double current share value