Member Info for Gusto1

Canada ITE has plenty of buys......
Pleasently surprised...

I get it.... You were annoyed at the Rns... Don't blame you.
Glad you've still got a lions share.
But the positives still outweigh the negatives imo
I bought quite a few in the 23s....
GLA

Looks like 1 or 2 pi's with substantial shares wants out...
Oh well bye bye .
I'll buy your shares today thank you
Let's move on

Jeez talk about overdone drop ffs..!
Guess the main man is upset......

Based on AECO gas prices....
Anyway its back up to above $4 and will go higher in winter.

CORPORATE SPONSORED MARKETING COMMUNICATION

FIRST LIGHT
i3 Energy (i3E) – Corporate – Operational and Financial Update

Market Cap £298m Share Price 25.1p

Energy announced that its production exceeded 23,000 boe/d for the first time and that its Q3 production averaged 20,517 boe/d. The company indicated that wells drilled in 2022 have met or exceeded pre-drill expectations, with costs coming in in-line with expectations. The company indicated that its operational results are in line with forecasts to reach 24,000 boe/d prior to year-end.

The company indicated that its net operating income for full-year 2022 is now estimated to be $172M down $28M from prior guidance based on current strip pricing.

The company stated that it anticipates deploying the full $97M of its 2022 capital budget.

WHI View: We will review the update in detail and provide a comprehensive update in due course. We believe that the NOI guidance change is largely related to commodity price volatility and that it reflects the warmer than anticipated autumn; however, both in respect of natural gas prices and oil prices we believe that we are currently at an inflection point that should, we expect, bring higher prices. We retain our 49.3p/sh fair price estimate and will update the market after updating our financial model to reflect today’s update.

Brendan Long, CFA

Yeah well.... I can't control strip prices can I?
Do you want a medal for being right?
OK here's your medal Tony.... Happy now?

Overdone drop again...
This was a good rns.... Producing over 23kbpd
Exiting 2022 over 24k closer to 25k bpd...
Thanks for your cheap shares dumbass sellers...

GLA

30p by Dec sounds quite realistic.... Imo..
GLA

Not bad indeed.... Exceed 24bod by end of year..
AECO prices will surge this winter...
GLA

I will top up with my divi this Friday!
GLA

Yep SP definitely being surpressed for some reason...

That's why I said earlier that the Q3 update will be around 22.5kbpd, this is fine and as expected..
We will end the year well above 24k...and around the 200m NOI
Keep the faith....

Last Q2 they were at 22k
Q3 should be more then 22k

We have coming up
2 Simonette wells
2 flare Wells being fracked
2 belly river wells
2 clearwater
1 Glauconitie Well
All these to be online from end of October or thereabouts.
Gueee it's taking time to clean up etc.

I guess you can say we will easily achieve 24kbpd and maybe even produce 25/26k.
GLA

If its good enough for John Festival to buy, then it's good enough for me....
GLA

Totally agree with ggg!

Just warning against mis-reading the rns... Like many do..!
Definitely not me Tony don'tknowitall ..... Are you referring to me? Course you are.!
Don't worry I can take it.....XX
GLA

Remember folks, Q3 figures won't include 24bpd. 24bpd is from end of October.... So don't panic when Q3 rns comes out.
Alot if pi's just look at headlines... Idiots...
Anyway GLA

Idiots in Canada....
Just get rid of ITE.... Simples!

Consolidating nicely...
Ready for the next leg up..
GLA