Member Info for jollygoodya

I'm comfortable with ptal. High risk but given that it's the largest producer there and the government acknowldeged its importance. Think it a bit less risky. I see it as an opp to add. BBL operating costs are low. Debt is being cleared. Todays events are just niggles, their well drilling management abd decision making has been excellent thus far. Defo I3e is more secure, but management too cautious or inactive in certain aspects..

I'm in ptal. Main risk is poltical and geographical. Reliant on such as weather and rainfall, drought and low water levels have impeded cargo. But immense cash generation. I will be adding more there. Once the niggles have been overcome, imo £1+ also op needs to be sustainable. Low production cost $10bbl. Eye watering cash generation potential, higher risk/reward. Aimho dyor.
Am holding i3e through all the storms but Majid needs to deliver more here imo. He can start by clarifying position on N/S and be more clear and proper PR on capital programme and near term production boost targets. Can also RNS, when a decent well comes on stream. Granted not some of the smaller ones imo.

Danger, Majid needs to explore sell options on serenity and use any proceeds to clear associated debts, will imo be positive for I3E overall. Hope he doesn't plan to go radio silence on this issue, better to deal head on. Only consideration maybe to time sale with uplift in oil price to max out value.

Older, serenity seems like a unicorn. Majid should stop rainbow chasing and focus on more acreage which is providing excellent returns rather than one that may eat capital. It's clearly weighing I3E down imo.

Nice one Stas, lets hope he doesn't mention Serenity, it's become a swear word lol.

Petroperu update. The Company continues to work with Petroperu's management team to assess and negotiate payment of approximately $90 million of receivable value. On October 10, 2022 the government of Peru agreed to make a capital contribution to Petroperu of $1 billion in order to strengthen its financial capacity for continued operations, and provide $500 million of credit facility support. The priority of allocation is immediate fuel and energy needs in Peru, and the Company expects that the $64 million outstanding amount owed to the Company will be paid on a negotiated payment schedule.

Very encouraging.

Conrad, think the MMs may have a large block sell order to work through. I have seen this happen in other shares, where either a series of blocks appear or one big bazooka. Let's see...

Conrad have a look at lse summary, more bought than sold..

Oil down 0.27%; I3E down 3.3%. Talk about skewed..lol. not running for the hills here, just venting frustration. Holding tight and out of ammo to top up! I get your post earlier Stas. El steve, hold on if you can. Longer run play for me.

Sp wise. Constant drip down. Oil falls we fall a bigger percentage. Oil rises, we hardly move up. Fundamentally we're pretty strong. A lot of damage done by NS miscalculation and no real upbeat news to counter. Plus a lot of sells by old hands, certainly newbie entrants would not likely be offloading. One of those to just sit on your hands but it is getting tedious to do so.

No need for the enmasse sell off yesterday. Was a red herring. However agree AW should have been clear yesterday.

I would prefer they keep it. As it will only become more expensive to acquire. I think the upgrades and automation will reduce cost burden and improve efficiency. Overall a decent update. Looks like the bottom will be in and we should start moving. Slower than expected progress. Will be looking to add more on weakness. GLA.

https://aegis-hedging.com/insights/wake-up-aeco-the-gas-world-is-leaving-you-behind

Good thing I topped up the other day, whilst some were selling in search of pastures green. A bit of a hit and miss doing that, hence adding on dips here..

Our 50k pi seller is at it. Daily ocurrence..

Nice RNS, great proactive management.

Well said older..

Pi/s selling out hence the extended drop, value does not even come to their mind/s..

I've topped up as the underlying fundamentals are strong and will get stronger. Agree with Tony that year end production numbers likely to be closer to 25k. At minimum will be 24k plus. Clearly I3E has transformed into a steady company for the patient investor.

Agree stas, noi is volatile due to op. However it still shows that I3E is fundamentally solid and divis are sustainable etc. I think as long as production continues to grow, rest should take care of itself within reason. Op will in my view grow.reliance on fossil fuel is immense.Due course China will have to open up and will create a macroeconomic demand. I3E is nice place to hold your money and enjoy some decent returns.