Member Info for nomadicinvestor

G_G_G - I've been in i3e since IPO and have a low average as never purchased above 25p (original shares were from GWIK), so while the fall has hit me, it hasn't been a wipeout. However, lot's of people, particularly those who are very loud on twitter, all jumped in prior to the drilling campaign. I was in the twitter group and it went from a solid 10 people to 50 within days. The sp has collapsed and there are a lot of bitter people who paid over 100p that have now sold out - these are the ones shouting loudest on twitter. Gary is one of them, he claimed to have a couple hundred thousand in i3e.

It was in no way a leak, volume was only two times average - nothing special at all. Quite simply i3e had a good morning, a few twitter traders jumped on it, gathered momentum and had a big daily gain. I3e sp was so low that the gain meant nothing, current sp still way below where it should be.

As for today, the price needs to consolidate before moving higher. A little pause is a positive thing.

I've personally been adding below 5p (have posted as such for the last several weeks) - seeing very good returns on that new money so far and brought my average way down. Will be back in profit around 15p with many many more shares. If we see 30,40,50p again on drill news then I'll be very happy coming out of the downturn.

Jezzoo - average down? I'll be back in profit at 15p, my average was low previously as I had bought between IPO 30p and around 25 back in 2018. Did buy an additional chunk at 20p late last year. Since it's been below 5p I have been a buyer.

Risk/ reward is now very attractive. Even if there is only a 30% chance of funding for drilling this year, the news would send the share price to at least 20-30p (or £20-30mcap). It may even go higher if there is a farm in that provides another value data point in addition to Borgland Dolphin's (which I appreciate is skewed as Borgland cutting profits is not quite the same as another oiler committing funds - though Borgland valuation (140m$ is in line with the field's state of development in my opinion).

Ample cash? Our cash currently exceeds our mcap! mcap £39m, cash £40m. So Sonora now has a negative value. Good news financing and construction still planned to completed/ begin by end of 2020. The cash underpins our sp and makes investing more at these levels very tempting.

I think once we get through this, investors will look to long term value. Lithium will be back in fashion and BCN is at the top of the list. I still find it funny that even although BCN have proven their technology works, there is still questions from market commentators over it's viability. They simply do not know how to categorise BCN or value it against hard rock or brine.

Fortunately Ganfeng will be back up and running now.

Hoping it stays below the 5p for a good few weeks more. This virus is presenting a fantastic opportunity for those with spare money. The multiples on this in a successful drill is massive. Even on funding news we would instantly re-rate to the farm in price in my opinion. Clearly at the moment it’s valued around $140m should Borgland contract be used as data point.

Great news today. 10% of net revenue in exchange for 22% of gross costs of the well AFTER I3e have already earned back 200% of drilling cost. Also confirmed cost per barrel is expected to be 20$ - giving 8$ barrel profits at today’s low price.

Operations for two wells plus sidetracks on Serenity shows the new priority.

I’ve been buying since it broke 5p and will continue to do with so.

Given ECO's cash rich, I'm surprised it hasn't held value. There is no worry about running out of cash or needing to raise financing for anything. Tullow potentially dragging us down, hopefully they farm out a further portion in Guyana. ECO unlikely drilling in 2020 anyway.

Croz - I admit farm in or equity as a finance route is now unlikely due to current oil price. Doesn’t stop exploration and other routes as our partners Dolphin have just signed a four year agreement with I3E. They can provide the rig, especially now if they are quiet. At these levels, I believe the risk is worth it (admit it is now a high risk).

Topped up heavily yesterday. Even if it drops further today or in the coming weeks, I’m more than happy to buy at these levels. As long as we drill this summer as is the plan then makes sense to lower my average. I3e have always managed to find financing. Personally I don’t think it will be a farm in.

Agree with sentiment over lithium exposure to coro virus being negligible. Our partner however is Chinese. Are Ganfeng employees in work right now? Are they completing engineering design works which will allow quantity of funding to be finalised? I understand, while may not agree, with the drop.

Is it really run by crooks or did they just have an unlucky drill bit?

Reading back through RNS’s to refresh my memory, one thing that leapt out was BCN cash position. In Q4 they have $40m. That’s a large sum and often not taken into account when people calculate financing requirements. Makes our SP seem more disconnected to value given its underpinned by roughly 30% cash.

H1 is when Ganfeng are to complete their review, I’d hope it’s nearer Q1 than Q3, given the previous date was Q2. Hopefully things will begin to fall into place (coming from a long time investor).

10/12% drops for nothing. Had been building steadily for a while and looking positive. Wonder what the reason is.

Got to remember Tullow SP is not directly linked to Orinduik like ours. I’ll keep a close eye here because still believe the Cretaceous play will work. Just not wanting to get stuck in a stock for a year with no news. If Tullow farm out in H1, or announce drilling campaign, I’ll be back in.

I’m still confident with i3e and have been adding at these levels. Fundamentals underlined by Serenity. Liberator West will be a bonus if comes in. Lib east still has reserves and potential production (all be it at lower than anticipated volumes). Mcap Under £15m!

Disappointed with recent events here, particularly the story Gil spun after the results. I became optimistic again. The recent news from Tullow is enough alarm bells for me so sold out this morning. Been in since IPO. I’ll buy back when and if there is a drilling campaign announced. I can’t see this going higher without that confirmed.

Starting to recover. I think this continued rise will ease certain investors concerns and getting back towards the £100m mcap is a real positive. Lot's to look forward to this year with financing due to be completed within around 3 months. Once this is met then things will move very quickly through construction, especially given that groundwork and access roads are going to be in place. Usually this gives a false start as it takes half a year to get things ready to build, so great to get it done now out of the way.

I have to admit my forecasts are now a bit cloudy here with not knowing the final make up of the finanacing and Zinnwald. I do know it will be worth well north of the current £80m as soon as financing is confirmed. Remember, BCN don't really need much more money assuming Ganfeng take up their 50% which I'm fairly certain they will (in my opinion, of course).

Agreed, farmout will put immediate value on i3e. Will be considerably higher.

I think the importance of this note can’t be underestimated. There was concerns over oil quality and lack of commerciality due to high sulphur and heavy weight. This confirms the Cretaceous play has commercial grade oil, as seen by Exxon. Eco have a large amount of Cretaceous rock and will look forward to 2020 drilling to prove it up. Investment has been in doubt over last month or two with rumours going round. This puts us back on course.