Member Info for kdix

Would be good to get the viewpoint of Rocky500 on all this. Are you around matey? :)

Agree miker. It would definitely be good to have our own i3e board! :)

Hi miker, someone in an i3e Twitter group who is close to a major shareholder reckons that £25m was raised last week. I posted the following in response to that. It's an amalgamation of Mar/Apr posts between you and Rocky500 :)..... IMHO, this is all good surely!   It means that if i3e lists on the back of 'only' a £25m raise (as opposed to the originally proposed £45m), then GWIK'S investment stake of £1.2m will be a much higher percentage. 4.8% in fact (as opposed to 2.7% on £45m that we were originally guesstimating).   We don't yet know the MCAP of i3 until the actual AIM listing happens (next week hopefully).   Ironically it is better that we list before all funding is sorted out since the lower the initial MCAP value, the higher our initial £1.2m investment becomes.   So, on re-list, hopefully we'll see a decent sp increase (multi bag?) and any further funding post list would hopefully be done at a higher sp - higher the better so that subsequent multi-bagging is greater. When further funding details come out and what that'll be used for, then the sp could jump again (not just to take this well through to production - further opps in Liberator field may be announced too).   This is all before the oil flows. At that point i3 might have a Mcap of $400m+, causing a further multi-bag.   In summary, 3 opportunities for price to increase:- 1). On i3 listing 2). Details of further funding/opportunities 3). On oil production H1 2018   (The above is based on original LSE posts from Rocky500 and miker444 back in Mar/April. DYOR)

Me too! I believe the guy in question is fairly well known and trusted within the group. Looking forward to a 7am RNS tomorrow (pleeeez).

What I'm still not sure about is, if i3e does list tomorrow, how quickly will it take for GWIK to get their allocation sorted out and into our accounts. In other words how soon will we be able to actually start trading them?

I3Energy Twitter group member believes IPO is to go ahead as planned tomorrow. Apparently he is friends with one of the major shareholders so he should know. That's all I've heard.

Good spot show.me. Still showing as first day of trading on 30th. Let's hope there's no last minute delay again.

So no transponder or direct data links automatically updating Rigzone location software (like you get when tracking aircraft). Shame.

Just phoned Rigzone office in Aberdeen and spoke to person who deals with their Rig Logix software (that tracks rigs). She confirmed that data is not real time and could in theory be "a few days out of date". It depends on when they receive information. They basically rely on either getting information sent to them or relying on their own research (they have an analyst in the office that does this). COST Power still saying 'en route'.

Hey SDM1965, really appreciate that. Twitter I'd is @dicksonken. Cheers!

Hey all, is there a GWIK (or i3e) group on Twitter does anyone know? (miker444, pompeyrod, Boom123?). Thanks.

Drat! That's my exctement over for the day then :))). Thanks miker444.

And, furthermore, if i3 MCap reaches say $650m in 12 months time, then that would be a 10 bagger from IPO Mcap of $65million. So, 1 million GWIK would be worth equivalent of £169,000 !!??

Hi miker444 So, if show.me's figures turn out to be in the right ball park (say 65m shares issues at $1 per share), does that mean that mean we can estimate GWIK's ownership to be $1.43m (equiv £1.1m) / 65m shares = 2.2%. So, 2.2% of $1 (estimated i3 Energy IPO share price) = 2.2 cents = 1.69p So, for every million GWIK shares we owned, we'll get 1,000,000 x £0.0169 = £16,900. Is that your thinking too?:)

Gotcha. Thanks for your patience :)

Hi miker444, That's brilliant. Thanks. You've helped fill in some of 'the gaps' for me - much appreciated! It's certainly going to be exciting to find out what the %age...great if it's anywhere nearer 5%. And it was also interesting to hear Rocky500's thoughts on the possibility of re-listing on the back of the initial funding of £6.2m (before the main fund raise to $45m) which would mean GWIK's contribution of $1.2m is an effective 20%'ish and "we may see a decent sp on re-list which will rise considerably again during $45m funding". I'm still a bit confused when you say "on re-list" - do you mean that GWIK will actually be re-listing for a period of time prior to our gwik shares finally being converted to i3 ones (once main funding completed?). Or by saying "re-list", are you referring to the IPO listing of i3? Don't mean to sound like the Spanish inquisition 😅 - I just really want to understand things as well as I can.

Hi miker444, Sorry to sound thick but there's something fundamental that I can't get my head round, having read all the posts on here. I'm almost embarrassed to ask! :). I had/have 7 million GWIK shares, currently de-listed of course. There's mention of how many I3 shares we will get depending on conversion rate, etc., but are we actually going to be given i3 shares into our trading acount and keep our existing GWIK shares OR on re-list will we be allocated less GWIK shares plus i3 shares OR will we not be getting i3 shares given to us and just receive our new allocation of GWIK shares OR some other combination?? You can see that I've not fully grasped the basics of what is planned to happen so I would really appreciate a 'worked example' / simple explanation of what I can expect to see 'metamorphis' /happen to my original 7m gwik shares. Cheers!

Cheers show.me. Let's hope so. Further details in the coming weeks might clarify their vision :)

Hi all, I took the plunge and chose to commit to GWIK before it suspended. So glad I did. I know everyone is fairly positive about our future now but I just wondered what people's expectations are sp wise on re-listing and also say in 12 months time? I know the details are fairly scant so very difficult to predict anything but what are we perhaps looking at? Re-list at 0.003 then rising from there? If we are part of a successful N. Sea production then are we looking at 1 or 2p or 10p+? Ball park potential anyone? Cheers.

I agree with Bolgas that there is no clarity on the implications of the actual GAS THAT WAS FOUND. The RNS stated "...the upper reservoir section between 2,710m and 2,724m is interpreted to be GAS BEARING at sub-commercial volumes"....so we DID FIND GAS! As we know, Hawkeye-1 was a vertical drill going through the OUTER EDGE of the gas cap (see 3D seismic picture http://i60.tinypic.com/29kpbwz.jpg). The seismic shows that the drill was just 250m away (approx.) from the SW edge of the red 'gas contact' line. As stated in the RNS, this was in fact only 14m THICK at this point. If they had drilled into the central (sweet spot) of the gas cap (see cross section diagram http://i58.tinypic.com/11rf8r9.png), over 1km to the NE of the drill point, where the gas cap is MANY TIMES THICKER, would they still have announced "sub-commercial volumes"? This raises a big question in my mind:- What is the definition of the phrase "sub-commercial VOLUMES" in the RNS? Is it sub-commercial because at that CHOSEN DRILL POINT the gas interval was only 14m thick? (therefore small volume). The keyword here is "VOLUMES". They have not said the FOUND GAS is of poor quality. Yes, they were hoping to find oil AND gas but this drill was always about finding how far any gas from Malampaya had migrated south westwards. I just wonder if Hawkeye-1 in fact DID ACTUALLY PROVE THE GAS MIGRATION and that not finding commercial oil was simply a by-product/casualty of this exploratory endeavor? Perhaps they are secretly quite pleased with the result and never really needed the reassurance of finding a thicker gas pay by drilling through the sweet spot. As I say, perhaps they've already fulfilled their main (non-public) aim of proving gas migration from Malampaya and are now conducting a thorough analysis of the well logs. It just seems slightly strange that they've effectively written off oil (not that they cared anyway) but have remained ambiguous about the gas. Then again, perhaps I'm just clutching at straws. ;)