Member Info for harel

every analyst knows that without a f.o there will be no drills this summer and the company will be in the hands of the noteholders and the sp will probably go down another 50%, so what they say is they believe i3e will f.o.

100000 shares buy 5.4p paid

if they farm out more catalyst will follow,
a waiver, drill confirmation and date, Toscana vote, the serenity appraisals, rbl, lib east dp, fid on pipeline tie back to the bleo holm, maby minus high drills...
all in a matter of months..

you are talking about share price but not talking fundamentals.
if you want a real boom in the short term it must be due to success in Cameroon.
what you need is:
1. oillr proof of funds by 30/6.
2. another 24.9% f.o within 15 days.
3. trp proof of funds and finalizing oillrs f.o.
4. a well to be drilled Q3.
5. discovery of 18m boe.
6. rbl of around 12-15m pound for development.

only then the share price will show the value of the asset which at 40$ poo will be around 15m pound.

Key Drivers to Grow Value:
• South Africa: Up to three exploration wells on Block 11B/12B (Q3 2020)
• Namibia: High impact Venus exploration well (Q3 2020)
• Kenya: Move South Lokichar forward to project sanction
• Nigeria: Future development, exploration and appraisal opportunities

They have an option agreement so no one can buy toscana, but if someone would then i3e bought 20m pound for two, not a bad deal.

6.6 paid with big buys and very small sells aiming just to lower the price to collect more shares for higher bigger bids.
A volume of 0.5% of total shares been traded so far...

Looks like theres a big bid at 6.42, got some small buys yesterday and some bigger ones today.

"Westwood expected the OGA to approve 10 projects covering the development of a dozen fields in 2020, but the forecast has since dropped to six fields.
Those include fields which form phase one of Independent Oil and Gas’s core project in the southern North Sea and Repsol Sinopec’s Tain scheme in the outer Moray Firth."

as long as tain is not delayed its good, but it looks like repsol is taking advantage of i3e being with its back against the wall and waiting for them to get down from the tree they climbed on..
rationally they don't have a choice, they will take the minimum offer they got.
hopefully it will be enough to secure serenity appraisals and will be enough for a sp rerate, once serenity is proved a rbl should secure lib east development and maby, if poo recovers to the 40's, another two wells at minus high.

https://oilnow.gy/featured/cgx-adjusts-guyana-drilling-plans-but-remains-confident-in-potential-of-strategically-positioned-blocks/

https://www.energyvoice.com/oilandgas/north-sea/239284/analyst-predicts-return-of-marginal-gains-ethos/

the noteholders obviously don't want to get in the way of a f.o deal and agreed to wait for a few weeks.
we speculated enough, now its time to wait and see if we have a deal or not till end of the month.

The US supermajor will drill the Tanager-1 well on Guyana’s Kaieteur permit before an adjusted mid-September deadline, sources with direct knowledge of the project told Upstream.
The drillship Stena Carron has been lined up to drill the Tanager prospect in 2900 metres of water and to a targeted total depth of 8000 metres, Upstream was told.

Canje block

In the case of the other deep-water block, called Canje, there is no agreed deadline between the partners, only an official well commitment, which is still more than two years from the time limitation period.
On Canje, ExxonMobil had targeted the Bulletwood prospect, at a water depth of 2800 metres.
Here, ExxonMobil is said to be focusing principally on a confined channel in the Upper Cretaceous, with the possibility of pursuing secondary Lower Tertiary and deeper Lower Cretaceous targets, but it is no longer clear if these plans will still go ahead in 2020

thanks for the link,
can anyone copy the text..

http://www.upstreamonline.com/exploration/exxonmobil-to-press-ahead-with-guyana-deep-water-probe-despite-covid-19-challenges/2-1-802076

No problem sharing profitable trades as long as the buy was shared on real time, else it doesnt add any value.

A lot of times, but they dont speak back.. (;
The only company im invested in that doesnt reply to pi's.

The noteholders decision awaits f/o which is due in weeks.
Higher risk higher reward.
Well have to wait and hope for a fair f/o.

On 8 November 2019, the Majority Noteholders agreed to extend the date by which the Company must enter into a reserves
based lending facility or find an alternative means of funding to achieve first oil from the Liberator field, to 30 April 2020. The
Company was not in a position to enter into such a facility by 30 April, but the Company remains in discussions with all
noteholders to waive this condition and will update the market once these discussions have concluded.

All comes down to the f/o agreement, on any f/o scenario serenity's appraisals are secured and once proved will secure a reserves based loan and some breathing room, but the key will be the lib east terms, the development cost should be around 30m$ for 5k bbopd, i3e will sell 50% +/- which means they will need 15m$ to fund their share, a 10m$ f/o will be good enough to get us out of difficult situation.
After finding the survey statement repsol gave the oga with wells producing through the bleo holm and operated by repsol except serenity and lib east which "found" their way in, probably related to the size of pipeline in issue from tain and other future permits maby related to the work on the bleo holm prior to first oil from tain, i think lib east is part of the f/o.

Mm still manipulating, i have a buy order of 3k pound at 5p, yet the last trade is at 4.77p.