Member Info for miker444

Hi mjng, no problem we are all here to make money, lord knows I have lost enough on AIM in the past and it is easy to have rose tinted specs especially in a company you are invested in. But I just have a feeling with this one and more so that we are in at the start, we may see returns (% wise) such as JOG if we stick around for production. Whatever the sp rise we should be in decent profit and I include PRS shareholders as well. Cora gold is not an absolute done deal yet as Amanda states, due diligence still being applied and legal issues being sorted but she knows her stuff and I think it will happen but be one for the bottom drawer. atb

Hi nozzla, there is always a chance that a spanner in the works can happen when not expected. However, for me we have passed the point of no return, with the application for registering on the stock market via Companies House I was reassured that this will go ahead. Other indicators that are significant are the private placing of $7.6m which i3 announced was for progressing the Liberator Field to production and they have " fully engaged with the supply chain in order to deliver equipment and services on time and at attractive competitive costs" In my other posts despite it looking like we will not have time to get to production by late summer I have said that i3 because of this early fund raise and cash in the bank have probably started already getting everything in place to hit the ground running and that can reduce the timetable in favour to meet their production schedule. The private placing was "significantly oversubscribed" so on the view that people don't want to throw their money away or put it into something that is risky the people wanting to invest obviously saw enough detail to generate wanting to be a part of it, and quite a few of them by the sounds of it were turned down. This of course suggests the future $45m ( if that amount is still needed ) will be raised in a short time and most probably some investors may come back for a second bite of the cherry if unsuccessful first time around. I really do think we are on to a winner here, and nobody can get in at a better start than those of us who are locked in in a company in its infancy. Here's hoping. atb

My last posts title could be unintentionally misleading, I obviously mean i3 will have a MarCap of $400m and Gwik will be worth a % of it. atb

Hi archie, not ramping mate but the $400m MarCap will be valued from when oil is producing, most N Sea wells produce between 6,000 and 10, 000 bopd. Therefore we could see 1p before Xmas and that is being realistic mate, this is an existing well i3 have acquired. atb

Well done jonbud, first to the post again ( no pun intended!) Middle of the year gives some leeway lets hope it's early June not late August but good that still progressing atb

imskintagain, my post in answer to penfold on Fri at 09:11 explains briefly that Paternoster will hold 9% of Gwik once re-listed, they will not receive the 50% uplift. If you go on Glenwick and i3 websites they have past news updates which will explain it in much more detail, you only need to read the last 2 or 3 or so for it to become clearer. Either way PRS holders will see some gains in the near future as a result of Amanda Van Dyke getting involved on both boards. atb

Hi mjng, once i3 are producing we will be part of a half billion dollar company, a past rns valued i3 at $400m with oil at $50. It is any ones guess as to what this will do to our sp but I think 1p is very realistic once this stage has been reached, possibly higher and if as stated i3 will be acquiring further wells then 2p and beyond. My own view is that we will see decent rises at each stage, listing being the first, the $45m fund raise being the second, and the actual production of oil extraction the third, remember we all have seen in the past that sp can rise significantly on sentiment alone so increases again in anticipation of these stages also. The big question is, just what % of i3 did Gwik acquire with the £1.1m, if we come away with 3%+ ( 5% would be a dream ) of i3 and the MarCap they expect to be valued at I would say in 6 months the sky is the limit but I am keeping my feet firmly on the ground as experience has taught me. atb

Hi royoboy, it does seem to be taking a while but I am personally reassured by the last couple of bits of recent news. Firstly the private placing which raised $7.6m which was unexpected, certainly before re-listing as that is when I think everyone thought the fund raising would take place. I was particularly pleased because whilst this is not the $45m or so required to fund the total drill to production it would certainly pay for the equipment hire and I expect the logistics have already been agreed with the relevant companies they will be working with. Therefore they do not have to wait for re-listing to get the ball rolling, I genuinely believe they have already started plans in motion. Secondly, and I did think it would be announced via an update by now, but we can see that i3 have applied via Companies House for application to list on the AIM stock market which I think you would do when you know you are getting ready to list. As for drilling and production by end of summer I completely agree that it is not a lot of time for something of this magnitude but if they have hired the equipment and taking into account this is an existing well then it is still possible. Late summer or early Xmas will do for me, a couple more months will still be worth the wait. atb

Hi Pompey, know only too well about paperwork and red tape mate so absolutely, just feel we will get something announced on i3 website followed by an inclusion on Gwik website, even if just reiterating what has happened on Companies House info. But on the bright side we are now in Q2 so the days are ticking closer for those holding the golden tickets! atb

Hi Archie, yes I nearly posted again to correct rns with update but you know what I mean. Surprised if we don't get something as it has only been noted via companies house. It's possible we may get more meat on the bone hence it not happening at the same time as it would only take one sentence to announce the application to register on stock market. atb

Throw my hat into the ring and say we will get an RNS from i3 this week and before Friday, even if it is just an update that things are moving as per i3 website. atb

Hi Pompey, in total agreement, its a free go in my book, it could actually surprise us even from the off as nomadicinvestor ( who I hold in high regard for his level headed posts) put it that it actually depends on the value MarCap wise is given to Cora Gold on IPO listing. If it comes in at anything near £5m - £10m we could see most of our investment back straightaway. But as you say I also will hold and keep it as a nice buffer to call on in troubled times. atb mate

Hi nozzla, My 2 posts are separate mate, the one following jonbud all I have stated is that it is the application to register the company i3 to able it list on the stockmarket, which it has to do chronologically before it can happen, obviously. The 2nd post was just factual and in response to penfold's question to explain a little bit about what Gwik's connection is with i3. Everything I put on this bb is purely my opinions mate and I do not know when it will all happen as regards a date but I do believe we will get an RNS next week, hopefully Monday but I could be wrong. atb

Morning to you Pompey, forgot to add to the Gwik holders feel good factor that whilst a slower burn we have the 'free bonus' of a second IPO in Cora Gold which will in time see us get all of our original investment back, if you sell of course, or can just leave it to run and see if Amanda, who has a lot of experience in mining and particular gold, can work her magic. It will be slower as we only will hold 9% of Cora Gold direct and have to take into account the placement fund raising. But I am not complaining as did not expect to be part of 2 IPO's from 1 investment. :¬)). atb mate

Hi Penfold, I am sure you know most of this already mate so not talking down to you but for all holders of Prs etc who are suddenly seeing Gwik posters on their bb and wondering what the crack is basically Gwik were a cash shell looking to RTO ( Reverse Take Over). After a lot of speculation and even a prior suspension when a 'deal' fell through we finally put the money £1.2m ish into i3energy who are not listed on any stockmarket. The deal was to use Gwik's existing listing on AIM as a platform / route for i3 to enter the stockmarket through IPO ( initial public offering). It would appear at long last that application was submitted yesterday so an announcement in days not weeks imo. Gwik holders are excited because through a change in directorship, namely Jaap Poll, Amanda Van Dyke we got a tremendous deal buying a % into i3 who have acquired and now own 100% operating rights to a North Sea Oil well, the Liberator Field, discovered by Dana Petroleum and said to hold a billion barrels or so. On start of production it is estimated i3 will have a MarCap value of at least $400m so it is looking that a substantial sp re-rate will happen, certainly when the oil starts to flow. They (i3) have stated that they are looking to acquire more wells, paid for no doubt on revenue from the Liberator well so no fund raising / placements needed, and want to become a global player. Don't forget that Paternoster will own 9% of Gwik's stake of i3, Amanda Van Dyke being the common denominator on both Gwik and Paternoster BOD's, so PRS shareholders will see their sp go up pro rata and those prepared to wait even this side of Xmas will see multi-bagging. From little acorns........... atb

Well done jonbud, looks like you even got the drop on an official rns from i3 which could be tomorrow morning. This is the announcement for application to register a company on the stock market so should not be long now. Update from i3 imminent. atb

Looking at Cantor Fitzgerald Europe website it would suggest to me that they are responsible for putting the money in to the $7.6m Private Placing. They are based in London and primarily are an investment bank with excellent liquidity ( money available ). Well worth a read and were valued at $5.5 Billion in 2014 so that would be a conservative figure in todays valuation. They have many areas as well as investment, Wealth Management and Market Makers being just 2 more areas, so I think we are in safe hands and probably where Amanda Van Dyke's extensive financial contacts portfolio comes into play, she has raised over half a billion ($500m) previously for past clients. atb

Hi archie, i3 as you know are not listed on any stock market yet hence the IPO (Initial Public Offering) to AIM. It is then that a value (MarketCap) will be given to i3 as a Company. This will determine their share price, obviously. As Gwik will own a % of i3, we are assuming and hoping it will be 5% then our sp will be pro-rata to what our 5% of i3 will be worth to the amount of shares (current Gwik) that are in issue. Therefore until i3 are given a MarCap which can only happen on listing to AIM the question you ask can only be guesswork, and your guess will be as good as mine or anyone else's as it can't be proved /disproved. As other posters have stated it is better to list before all funding is sorted as, ironically, the lower the initial MarCap value the higher our £1.1m initial investment becomes %wise. atb

Hi nozzla, W H Ireland, Cantor Fitzgerald Europe and Peterhouse Corporate Finance all assisted i3 in respect of the Private Placing so I am assuming that the nomad is W H Ireland. Glenwick do use Peterhouse as well (joint broker with Allenby Capital) so safety in numbers perhaps. atb

Daiwish that was the intention but the goalposts were somewhat moved as the approval from the UK oil & Gas Authority took longer than expected to confirm the acquisition of the Liberator Field being 100% operated interest to i3 as stated in the Jan 04th Rns on Gwik website. We are not long away as you and others on here believe to re-list, the private fund raise that has already taken place will allow quite a catch up and may still see oil produced late summer, more likely Q3 than Q2 but this bb will be buzzing long before then and with a greatly increased sp to boot imo. atb