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It's all good that this is going on at the same time, but lets hope it doesn't delay what we're doing. we need ratification soon, otherwise the SP will keep dropping.
With such big name players in the area, when ratification comes, this should explode IMO. The Tano block is huge for Ghana.
Is this correcting following the flippers, or is there a leak of news i wonder?!
There is no way this company will be valued at £100m, when they're not even drilling, let alone producing. Also, they're got to prove it up. Pipe dreams. 1p max
How on earth are we valued only slightly higher than cash + assetts? i3e are move than double this mcap and won't be drilling unitl later in 2019? AIM confuses me so much!
Does anyone have the latest NPV numbers for this? can't find them in any presentation.
cheers
What are you on about, there's been a few thosand traded this morning, buys and sells. please stick to facts.
I3e currently have a £48m mcap and yet don't even have funding. That's more than double Aaog, and yet we start drilling next week. This is massively undervalued and expect a huge re-rate by year end. Hold for the big money.
The next big news here is financing not oil production. If the financing deal is good, then this will re-rate. Graham and Neil have said as much. then we will re-rate again on drilling and then production. We're not just waiting 6-9 months for this SP to move. its 1-3 months max! and in the podcast they hinted at news during July!!!
I always thought 30th round was key to negotiations. I posted that in regards to why others are selling.
I like the fact that they have gone with the party that will keep/provide the greatest shareholder value. they've got plenty of skin in this one and its great to hear.
At the end of 2017 they had $55m in cash and $120m in cash and cash equivalents. So this is less than half of the $200m mentioned by i3e. However it would more than cover the drill programme to start with at liberator. and if it is a JV then RRE have plenty of experience in Blake field having already drilled there, and also working alongside Repsol.
Whilst it is just a rumour, it could make perfect sense. GLA