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i3E divis on time, and got my 10k top-up first thing at 24.77p. Might have done marginally better had I waited but quite happy with that and will hold the investment for the next month's divi which will be substantial. Normally the wide spread settles down as trading day progresses and we should see some levelling up with buyers coming in at these rates IMHO.

Good article as you say, and had no idea that the fall was as historic as oilprice states. Sometimes these opportunities come along and the funds are not available to take advantage - and conviction plays a big part in individual action.

Still stocking up here and sold some BP at the top 395p to try for another 10k at discount, but the sp ran away at the close. No tears as the main holding gets towards average, and will try again on Monday if a slight dip occurs.
Very good week and we remain at a bargain rate IMHO. GLA and have a great sunny weekend!

Very interesting link Shares. Europa obviously delighted to get the farm-in opportunity at Serenity.

With you on that Stas. Good opportunity week and added 100k overall at a nice average. Next divi will be a belter, and the monthly frequency is most acceptable and unusual. Cannot see this languishing in the 20s for very much longer.

With all the references to cash cows and forward revenue calculations on the back of fag packets - why is the "d" word so studiously avoided in posts from the analysts? With all that lovely moolah rolling in from gas sales, would it not be appropriate to consider us poor long-suffering PIs for some recompense in the form of a little divi? Just 1p would be a nice start, costing a mere £5.2m from the tank - and if the law allows, I would leave out IIs who have already been in the trough for some time.

Lemmy - that's a bold percentage but nothing wrong with showing belief. It was my sole holding right up to first gas, so know how it feels. More diversified now but mainly stuck in 0 & G which is volatile enough for my stomach. Bad day yesterday followed by a goodie today. Do you think the late buying was connected with the Boris suicide speech?

Schlum - have a look at another undervalued one - i3E. Touched its recent low at 22.6 yesterday, but on the move now - and pays a monthly divi would you believe? Topped up here with 10k @ 31.80 today, and pleased to see iog getting frisky once again.

Good moves Hu11 & TSSZ - pays off to maintain faith and be a believer when opportunity knocks. I might have found the bottom with a 25k top-up yesterday at 22.60 - and now building nicely with 400k in the drawer. Still a long way to go to level my average at around 27.5 - but very encouraged by all the positive and informative posts on here, especially those that are backed by a sound knowledge of i3E and its position in this wildly fluctuating O & G market.

Snap Swindon! Went for another 25k @ 22.60 to make 50k bought on the day. Trying to catch a falling knife now, which is never easy - but the outstanding value is there at these rates. This slide needs to halt and let investors take a bath to see that fundamentals are all with cash in hand and a nice monthly divi to help.

More Buys than Sells on here, so the MMs are just moving it down to keep in tune with the rest of the O & G sector. Current politics cannot help either against the backdrop of an impending recession.

tony - tried hard to hold this up with two tranches at 24 and 24.2 but have got a bloody nose for my trouble. There is surely more to this persistent drop than oil price, and I am now looking down the barrel of a £20k loss here. Any views on the immediate and mid term picture?

Wolster - not just frustrating but ill-considered in my view considering these are generally investors who do not have to sell. It is a constant sea anchor on the sp of this share, as I have said in previous posts - and we PIs live in hope that common sense and logical arithmetic will finally break through.

I think G G G has a very well argued case for the preferred route ahead. So much potential around the i3E resources that a continuing policy of developing them has to be right given likely forward prices of O & G. Bitcoin and Co. are suffering catastrophic reverses at present, so traditional investors will be shunning them.

Interesting page in today's DT Business section on the abrupt halt in takeover activity - highlighting the recent collapse of the proposed deal for Boots the chemist, with a £5b offer significantly below the £7b sale figure demanded by Boots parent Walgreens. "City sources add that the effective closure of debt markets to private equity was undoubtedly a factor." Leading brokers confirm that a series of stock market flotations have been pulled and takeovers shelved. This effect will naturally filter down to the small caps in the O & G sector so it might be advisable to hold back on flying any further kites of potential takeover action and concentrate on the company's improving fundamentals and cash flow for the present. All IMHO.

that is a silly wide spread with in excess of 31p being paid for Sells up to the close. Managed to get a little 10k top up just before the Bell, and looking for a rising sp on the back of a very positive RNS plus the summer gas prices effect.

Citizen - we have been saying "surely they will" for some time now, and with further good progress news on today's RNS, I think that in normal times I would make you right. It gets hard to understand the hesitancy, and given the current scenario of gas prices and the expectation of further rises into next winter and beyond - even harder to understand an sp that is 40% below the level reached after first gas announcement some 4 months ago.

G G G - many thanks for your detailed appraisal of the company's fundamentals and immediate prospects at such an interesting time - also Tony and others on the board. I am a comparatively recent investor in i3E compared to you guys, so have to assess from a far higher average, so around 27.8p with a bit of work to do! Much as I can understand the positive stance on potential takeover and appreciate the great value to be had for any suitor - I have heard the same tune for a long time now regarding another seriously undervalued gas supplier in the SNS - but no action. Whilst I am sure that your valuations are realistic and that 40p is still way too cheap, I do agree with the references made to today's market mood and a looming recession holding back potential bidders. If it happens - great! Meanwhile the company's strengths with regular divis and buyback plans indicate great confidence, and I will continue to build a substantial holding with funds from other equity Sells.

Cheltenham has a big meeting in November duster, so shall we aim for that one for a proper punt?

Nice lift today after going ex-divi. Consolidation the key word for the company and its SP. HL also tipping the share.