Member Info for jollygoodya

Interesting to note, according to sharescope we have( trade values) 71% buys;22% sells;7% unknowns.
20,000 boepd, with minimal effort can be improved drastically at a relatively low cost. One of the biggest economies of scales is that we will/ have $20 or so cost per barrel.. subsequent to this deal. That will add significant fcf. I3E looking very predatorial.. I do believe, we'll retain North sea to balance out the risk from one geo foot print, (but weighted toward Canada atm). Once we have the farm out, north sea can give us significant overall balance. In the traders cafe interview they touched upon funding issues for Canadian based companies as opposed to us being London based.
These issues will be even less of a concern for I3E going forward with cashflow from what we have bolted on. Think Blue chip O&G co. is a very achievable target. Then we'll have fireworks as the market wakes up and we get updates. The company is looking very well run atm and BoD are ontop of their business plan, as far as I can see. I have huge confidence on them delivering what they've set out. Pleased to be in a growth company whilst earning divdend income too.

Milan, thanks for the link to traders cafe. Very solid interview responses by especially by Majid. Interesting that Zak mir brought up I3E being recognised as a blue chip oiler and that in his opinion I3E have some blue chip characteristics now.. The market will wake up to this and I3E will be valued appropriately.

Hasiba, in a perfect world, maybe. However, I'd prefer the targets were more challenging to promote a driven team effort, given the levels of poduction being banded about, I think those targets should be readily met. Set people a minimum and quite a few times they'll only seek to do just that. Of course need to keep a balance between setting too optimistic targets to prevent a reverse effect. Balance between easily attainable and unattainable needs to be set. I personally think here, they seem more easier than not.

God no, hopefully they're just reclassifying serenity/liberator as European..

Thanks Tony point noted. Similarly, I'm saying the targets are too low ball and quite easily met. Prefer they challenged themselves a bit more, especially on the higher management side..

Meant mid tier producer at a small scale explorer/producer price. More deals will come, hopefully using debt/cashflow funding. I would prefer we integrate and consolidate, but cheap targets may become more expensive and the BoD are ruthlessly executing their strategy. I prefer they temper it now though..

JAdam well done for getting a break in. It was bound to fall toward the placing price. I think the chart was due a bit off cooling off, RSI was high too. So all in all good coincidental timing, however BOD did refer to a low discount to the average share price of 11.4p or something in relation to the raising price. The base is firmly set and the company will be a mid tier price with a bargain price deal. The company is only priced at a paltry sp at the minute and I've topped up some too. Not concerned about the sp, given what's coming and the cashflow bolted on and the fact there are over 220 targets

JAdam, yes agree I did on the employee and I didn't on the bod/management aspect of the options:
One-third: (i) at spud of the earlier of a second appraisal well or first development well at either Serenity or Liberator; or (ii) if production of 20,000 boepd is achieved prior to July 2022 (substantially funded from internally generated cash flow), whichever is first to occur;

I dont think this 20,000 is limited to serenity/liberator on the management options as they talk about the company as a whole in this regard.

2,500 will be a breeze given the geology, like you said way more. Hence I think, it's too easy. Given that FO is basically imminent.

JAdam, an excellent assessment. Glad you're back. Was a bit concerned for you after you seemed to be awol, not that you may have sold (we all have very right) but due to the menace virus we have amongst us ( and am not talking GGG) ;) lol.

Kaneonaim, they've said in the vox that there will be sharebuy backs. Agreed a lot of shares floating about atm. That will change, if they hold to their words and personally I they will.

I was switched off until that I3E RNS alert, I just saw on my mobi.
My only criticism is the 1/3 on admission and inaddition the next 1/3 are too easy a target especially in relation to spud at serenity/liberator on which we've been told that FO is imminent, then it would not take long for that to hit 2500 bopd and they get 100% rapid..

Canadian likewise on admission,
Then they should have disassociated the next 1/3 on the canadian side from Serenity/liberator.
In all honesty 20,000 boepd is easily achieved if you get the 2,500 at serenity. They haven't restricted the 20,000 to solely canadian production?

Easy targets imo.

Ladies and Gents, apologies for spamming the bb. Wont post anymore today. Have a good weekend and c'mon Engerland!!

I3E has a great future. Looking forward to strong returns on my/our investment. GLA

"Are you finding it hard to get your head around this because the bank knocked you back on your credit card application recently? Sorry I forgot you run a few companies don't you".

Could not leave this unanswered as i find it dreogatory.

Listen Mr/mrs tycoon or typhoon, I superb credit history and get regular offers of sizeable loans both personally and my companies. The key mr/mrs typhoon is when to go for the loan/s and when it's more beneficial not too. But that won't make sense to you because you are one selfish spoilt brat who can't get past base A. You wont know a business deal if it landed at your feet. A complete plank, who forgot to bank profits and thinks sp can only go up.

Lol ditto, you seem like an AI with a Troajan horse virus. No point talking to a machine with fuzzy logic. Not gonna reply to your anal posts. You should look in the mirror as the profits you lost were down to that person in the mirror own it. Plank.

GGG, you still haven't got past nursery as the dummy is tight in your gob. All your theory doesn't mean an IoTa, you clearly dont understand. I3E have pre-existing debt with no real income and you think they should be adding to it. I prefer minimal debt much better cashflow and no noose. Cln are quite the norm on aim, may be you need to google feed yourself with basic fundraising options. The more you preach the worse you sound. Clearly you dont get out much or have any finance knowledge or been involved in trying to obtain loans with minimal income and limited surety and clearly clueless about the timescales it would take. Basic ecnomics are needed. You keep on..burying your head in the sand. Deal is effectively done. Need to move on to how I3E will progress. Could have, would have, should have is pointless.. stop being an ostrich and put your ego aside. No one cares..

Tony, I think the quickest way to close out the deal would have been how the BoD have done it. In addition, the cashflow generation we have now should make obtaining a conventional debt finance agreement on attractive terms for future deals more viable, faster and easier. I'm looking past this red herring of perceived unequal treatment. It's common practice. Even ftse 100 companies have IIs they got to for a quick raise at the expense of pi's. Time lag to raise with pi's would have delayed the deal and sure as hell would not have raised the amount needed in the timescale concluded in.

GGG,
Really? You want I3E to take debt and then when interest go up and oil prices dip again, we should become a distressed seller like who we bought from.. or do you want clns with multimillion warrants attached. You really believe sp would have gone up with debt? They've said sharebuy backs will happen. The other oilers may have been refinancing to reduce the noose from the old debt abd thats what you want for I3E. Interest rates are at all time lows and rising commodity prices are facilitating it but for how long? Your question on why not having a loan prepped on what basis? Months in advance of what..i'd like a loan please, just in case a good deal arises and both parties agree, Mr lender, I cant give you a feasability and business plan, as I dont know what I am going to buy but will you ok it? Cuckoo land.

GGG, you're a low life. Calling people names, trading in the background, whilst posting positive comments and now it's gone against you, you are being a delusional, two faced psycho. Just the hell up and cut the constant gassing granny talk. I aleady understand what you meant, granny. You cant wrap you're warped head around a business deal. You have no integrity, you've been f'ing and blinding the other day. Just shut the hell up gasbag. Complete dummy.

GGG,
Am sure you've listened to the proactive and vox podcasts. Debt is not easy to get, in fact the seller was being forced to deleverage. You dont want to believe anyone or anything but yourself. You say BoD have done this and that but you also say, they managed to rescue the company from past errors and then you say you dont trust them yet have been/are in profit, thanks to better stewardship the sp has risen from lows. The sp has only fallen to placing price which is the norm and not due to the market not liking it.The placing has added significant value as you accept and you are still in profit and BoD and WHI say we are undervalued, you still persist in this line of so calles distrust and yet stay invested..what's your motive?

Could you explain the following inaccuracies in your posts:
On 6 July 2021 15:44 you said:
Heading - SOLD OUT
'Well that was quick..just got my 250k back for 15.1p. Same number of shares but now £2300 wealthier (if you don't count how much I'm down today on the other 3.5M)

-Sp was 15.5p and you are down on 3.5M shares per above

Hang on a minute in yesterdays post:
Time 17:07 in a very dismissive tone directed at justfencing you retorted:
Firstly, I have 3.75M shares, my average is about 5.5p?
So how were you down on the 3.5m based on the earlier post, CARP?

Frankly I don't believe you and put trust in the BoD to deliver on their business plan.

GGG,

I think you're gassing it. You know nothing about whats being happening on the inside and are just putting forward your view. Likewise on the raising of the debt, the security requirements, repayment and interest terms.
Lets put this way you said BoD have tricked the pi's and hence you before, so if true shame on them and if you believe they have again (which I dont believe they have) then shame on you for letting it happen twice. You've are in serious profits, thanks to what the BoD have achieved and yet you keep gassing it. Nit their fault greed got the better of you and you didn't bank some earlier. Ungrateful.