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Hi blearyman,

Without giving away secrets or getting yourself into trouble, can you let us know what you do know? Even if it's in a cryptic or obtuse way so that we have to do a bit of joining-the-dots...

Cheers

Perhaps as well as having more than one big buyer, there may be more than one Mr 5000 seller.

(Hat tip to begorrah over on a*d*v*f*n.)

Well, whatever. I'm simply holding on to all mine as there's stacks of value here that's not yet recognised in the share price.

I hope you're right.

Is the big buyer still active?

Ooops, I think that should be H1/19

I think a few peeps have sold some because of the slippage in the timetable. H1/18 drilling after submission of new FDP later this year.

It could well be sooner than 90 days as discussions look like they didn't start yesterday: good progress has already been made per the RNS.

Someone posted earlier that this doesn't provide all the funds needed. Why would NC & GH give away more of the asset than needed? The JV will pay for getting Liberator producing (ie, cash flow) AND appraisal of Liberator West. This is great as it sounds like i3e is trying to keep as much equity/licence as possible.

The CEO of RockRose is one sharp operator. Have a look at RockRose's deals - amazing. Its share price reflects the CEO's abilities.

5?

Has LOG made a commitment not to convert a portion of its CLNs into shares? tia

Well good on you, mate :-) Good luck wherever you're invested.

Did you keep any I3E shares at all Brooko?

Ithaca also had about $500m of debt that was taken on by the buyer so the total sale value was roughly £900m from memory.

i3e makes an interesting comparison with EnCore which was sold in 2011 to Premier with ~29mmbbls of P2 for ~�270mn shortly after Osborne surprise taxraid on the NS oilers. Catcher was starting to look very promising. (You may need to check my figures...) But the point is the astronomical rise of EnCore during 2010 when it 10 bagged. i3e could actually be better in some respects and we certainly need Liberator West appraised. Early days here still.

So the drop from 23rd May wasn't anything to do with JCAM's forward selling - which was followed up by JCAM's notification to convert per RNS of 25th May?

Previously, JCAM has sold its CLN shares, the share price has fallen quite a lot. To see all these shares being traded from JCAM to ??? - and with the price holding up - is really good news !

It looks like a buy. Was it delayed?

Well, third time lucky hopefully!

the trades just above 103p are buys