Member Info for miker444

SwearinNige, I notice possible upgrade could be 234m barrels at $1.46 Bn MarCap ( these figures @ $53.50 a barrel ). That is actual production H2 2019, sounds longer but that is only 16 mths away. So $1.46 Bn divided by 34.25m shares, not sure but think sp might be a bit higher than a pound. atb

They don't use pit ponies they use dolphins, pretty obvious really.

Hi kevmb, think most are fully invested and it will be pretty static until funding news, no big rises or falls imo. Should hear by mid March for funding and obviously end of march for 30th round. atb.

I think Neil & Graham would have a shopping list I really do, they will not stop at Liberator. I think if I am correct and the $200m is coming from Repsol Sinopec then the OGA will feel very comfortable with awarding the extra acreage to i3. atb

I am sure it says that the $200m is available irrespective of 30th Round, I can remember seeing it but have not re-looked. It is there.

a lot of Wonga whatever way you look at it, and if we get 30th round for a total of 80m barrels its pretty serious atb

erm... just double the 33% mate to get the 67% it might be a bit closer atb

No money cant buy you happiness but you can afford to be miserable in luxury!

because there are very few shares in PI's hands, no more than 15% and no one is selling.

If you mixed the oil with the gas perhaps you could mine both at the same time, would that work? :0)

Hi nomadic, if all goes to plan we will be producing anything up to 20,000 bopd by end of next year. At $70 a barrel MarCap is $1bn for 10,000 bopd so we will be looking at between $1.5bn - $2bn MarCap. Assuming we have no more share dilution / placings, and it would appear not if we get the $200m as stated in last rns, then share price will be comfortably in $double figures. atb

royoboy, possibly mate I was trying to inject some humour from fletch post ( restaurant of the week ) obviously meant rest and it was predictive text. A comedian I won't make and won't give up my day job, just yet! Some great news coming our way hopefully and I am as convinced as I can be we will have Repsol Sinopec on board. They need us / our production to go through their existing 'pipeline' as much as we need them, a great win / win for both parties. atb mate

Hi fletch, could be someone cooking the books :0)

The longer it goes on I am inclined to think basically nothing mate, it will cease to be. There was talk ( on the grapevine and just hearsay ) of deals regarding fledgling gas companies but they appear, if it was true, to have fallen through. I now see it as a bonus if anything comes from Glenwick but to be truthful expect absolutely nothing and have written it off. I would love to be proven wrong and feel we all deserved at least to get our stake money back. Sorry I cannot give anymore detail but I don't think there is any to give. Happy for someone else who may have any input. atb

Some great posts on that chat site about i3e and in particular from a fellow investor who goes by the name of show.me. I know him personally and we go back right at the start as Glenwick / Cora investors before we did a deal with i3e. He is well read and has no ulterior motive and always states for PI's to DYOR. Some excellent posts from him today and some with good detail about Repsol, I am sure he will not mind me posting this about him. It may give the newbies a bit more insight and show.me has met both Neil Carson & Graham Heath in person. atb

It is no more than a gut feeling and I have said it before but I really am leaning towards a partnership with Repsol. This would be huge in terms of it is Repsol who are operating the Blake Field Production Terminal less than 2km away. What better than a Company who are actually there and know the oil business inside out, my thoughts are that this is where the entire $200m funding is coming from and a huge confidence boost as opposed to a tier 1 bank who just deal in finance ( although 6 months ago we could not get the funds from anywhere ). Holding my shares . atb

not that long away seeing as only 28 days in Feb

Its a part of the RNS atb

Yes obviously can't be 30th Round news as that is not known til end of March I believe.

GL hadn't thought of that mate you may well be right, nearly 30% suggests mm's have got snippet of something ( even though it is supposed to be impossible to do so ! :0) )