Member Info for jollygoodya

Yes agree Tony. Serenity likely to financed via UK markets. Interestingly the loan arrangement is over a short term basis. To me indicates strong cashflow catalyst. Looking forward to substantial news on this front. In addition I believe that delay in Audit could be due to the step change in growth over the last audited accounts coupled with a change in some major reportin accounting policy more in keeping with Canadian peers would also mean restating comparative figures (that's my guess) let's see.

Saudi Arabia’s energy minister said short sellers — those betting that prices will fall — should “watch out” for pain.

Oh dear and US oil inventories dwindling. Good time to buy me thinks.

Up 5% today.

https://oilprice.com/Energy/Crude-Oil/Russia-Cuts-More-Oil-Production-Than-Anticipated.html

Still a great top up opp, given the update and without doubt the commodity cycle about to break out from recent lows.

Oil up over 7% now. A lot of investment houses are now going long on oil & gas sector. Especially gas. Here's to a good few months ahead.

Don't hold your breath. Timeliness of updates seems to be a botheration to management and they dont seem to be bothered. No doubts big II's look at this kind of stuff as well as obviously the numbers. It reflects on how well a company is run and ultimately the management. Called shooting yourself in the foot in my book.

Thanks for the suggestion Tony, not got much time lately. Hence very few posts. Will do if I can time permitting.

Imo, they could be more active in updating on the larger value acreative spuds. It's getting played as, it's fairly predictable with no surprise RNS'.

K3VMC. Got my divis via IG earlier today. A few months i gave them a piece of my mind about divi delays (I3E)

Now a good time to get some PR in and keep the momentum. Imo the floor seems to be set at around 18-19p. Barring a major disaster we can only go up. BoD PR will do wonders.

Not happy. Dont know whats going on between MBU and Bens creek but looks rather cosy.

We need to exceed expected production numbers. BoD need to embark on a strategy of mixing the 'low hanging fruits' with those that are higher rewarding. If you dont start doing it now, you never will. Cashflow atm is decent so better to execute sooner rather than later. Being risk averse is a folly.

$90 by may is being touted by some. Dont know how accurate abd credible. However very plausible. Would also be nice to receive an upade on key spuds. Otherwise all good here imo. No worries of placing, funding issues etc. Yes even debt MIGHT be ok. If used to boost boost production or acreage, however would prefer this at higher oil price levels and stronger hedging in place too.

Thanks Tony. Very informative. All 9 points will add value to I3e. No. 4 could be enhanced with a combination of share purchases, in particular from II's looking to offload. That will give the sp stability. I dont know if management can structure a deal with II's i.e. to buyback or agree with new II's to take tranches from those looking to sell.

Point 8 looks very interesting, proof in the pudding will be delivery there.

All in all a very good action plan going forward.

Canetoad, think that a fair chunk of our fall is down to a sell down. Looking at ptal seems to be fairing much better.

Agree tiptop. The worm will turn at some point.

Sell down continues. Explain why oil up and we're down most of the times. Be prepared to tough it out. Could take them ages to offload. Therein lies opportunity as the company is on a sound footing.

https://uk.finance.yahoo.com/news/oil-prices-predictions-for-2023-164454199.html

https://markets.businessinsider.com/news/commodities/oil-price-outlook-2023-russia-crude-supply-eu-embargo-china-2023-1