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I notice that a couple of the new posters here are a bit negative about I3E's prospects.... can't think why that might be.

As someone has said, why issue this TR1 now?

So either City Financial have been selling or a large holder PI has been selling - all those 5k and 10k sells have come from somewhere and it's not from the 45k of sales that make up the balance of the 345,000 sold by JCAM.

Patience is starting to wear for some people. Quite reasonable as time is moving on. I'll just keep buying a few more as the price heads into the dips.

I just need to clarify a comment in my earlier post.... Hugh won't need extra cash to keep the lights on for a while yet, but the falling cash position will start to weigh on him and will give leverage to anyone negotiating with Europa. No one ever expected Wressle to take so long, yet here we are. And the light at the end of the tunnel isn't switched on yet, so to speak. Ireland eats up fees with licence renewals and the there's the cost of the constant reworking of old 3D Seismic by outside consultancies. So, there's cash to keep the lights on for while, but not much cash to do anything else and not enough to feel safe with, not with that level of cash burn across 6 months. A pity as this could be a good company. All imho, dyor, etc.

That's a fair drop in cash over a six month period. With the slow progress in Ireland and the mess that UK planning is now in for onshore oil, Hugh will be handing round the hat again before the end of the year, imho. Without any certainty of Wressle's extra production, Hugh will have to offer a pretty substantial discount to keep the lights on at Europa Towers, imho. Starting to become bargepole-like :-(

With this level of buying, the CLN supply will be diminishing quite rapidly. My guess is that the share price will be a fair bit higher by close of play this Friday.

News this side of Easter seems a bit unlikely now. The 30th Round award will, if it happens, be of great interest. If it's an relinquished block, what have Neill & Co seen that others didn't? Or is it that the economics now stack up with POO being higher than two / three years ago? I'm looking forward to some drilling in Liberator.

These tweets certainly seem to imply that i3 management are very confident of a deal.

I think John84 is right. This could see 55p by the end of this month.

This is heading for the 2s by the look of it. Ugh.

Brooko, Good call.

Waiting for a double announcement makes sense but, equally, a company shouldn't sit on market sensitive data.

Perhaps he doesn't want to give away his source... Just a thought.

At least there is a 'reason' for the drop.

LockerRoom is spot on ... it's just a bit of noise until the big RNSs land: Financing & 30th Round awards. Graham Heath is hardly an outspoken bloke yet the recent RNSs have been optimistic. Just a bit of patience needed.

Slipsy, I reckon most PIs would sell in larger chunks...usually because they want to put their money somewhere else and would want the money a bit faster than this. But who knows? A TR1 would help clarify. In the mean time, we await funding news.

Jim, Your confidence is admirable and nearly contagious!

Nice 100k buy today.

yeah... could be a PI but more likely to be an II, CF quite possibly. patience needed.