Member Info for PiratePete

Mace - It was a serious question on the back of the share price falling over 4.5 pct on a day that oil has rallied 1 pct. I you don’t have anything to contribute in terms of an answer it’s probably best that you just remain silent.

Anyone know why I3e is down so much today?

Eric Nuttall on Twitter - Energy affordability/reliability has been widely taken for granted...until now. Perhaps the world is at an inflection point,about to realize the true challenges of decarbonization and the role that oil and gas will play for decades to come IMO. Massively significant to multiples

Sorry! I see the article below now!

Thanks Lobo - Can access the link but can only read first three lines as I have no subscription to WSJ. Any way you can cut and paste the article here?

Thanks Tony - All good points re the KELT comparison.

@ Tony - I am not an analyst and I have no view on whether the £1.28 pence per share was fair value at the time - I was just postulating on whether the fall from that high point (following the Liberator duster) was a reason that our current share price was not reflecting the recent uptick in oil and gas prices.

@ Just Fencing - I love that response! I quite like “Irate Pete” too. Mea culpa - you are not a twat - just another investor like me on the rocky road that is I3e. Good luck to us all.

Forgot to mention that whist my question re leverage (or lack of) was covered in recent Q&A my other question re Management Options being linked to SP performance rather than increases in production was ignored.

Tony - 1) Agree with you on recent performance - however people still keeping in mind the collapse from GBP1.00 plus.
2) Having heard from the horses mouth re utilisation of debt - I now agree that the Fund Raise was appropriate - However I do not think that PIs were given a proper opportunity to participate. I3e’s focus is still too much on Institutions (by their own admission- see last two paras of the Energy Voice article I shared recently).
3) Suspect Cenkman’s comments were based on today’s SP performance rather than over longer term periods.

@justfencing - You are a complete twat.

Kistos really flying today - up over 8 pct. Leaving us in its wake at the moment. Let’s hope for similar upward movement here.

WHI increase fair value to 35 pence on commodity strength.

Canada closed at 14.56 pence equivalent.

…… and YoYoMa keep practicing on that cello - one day you’ll be famous!

GGG - I quite like the sound of Gennady Golovkin - I’d go for it if I was you!

Yup Tony - you are right (and there’s a lot to be said for FCF!!)

It’s all harmless fun - I mean who wouldn’t believe that Pirate Pete is my real name!

MissAnnaGrey - Tom Huk - Just to let you know you have posted you real name on Twitter - in the watermark!

Zak Mir:
There was a decent share price reaction to the latest interim report and dividend declaration from i3 Energy (I3E). This was perhaps not surprising given the company announcing a sustained average production above 9,000 boepd for the sixth month period courtesy of its operations management and targeted maintenance capital allocation. All of this for a market cap of just over £150m. There would appear to be more to come as far as production is concerned given that post period i3 acquired circa 8,400 boepd (51% oil and NGLs) of low decline production from Cenovus Energy Inc, located within i3's Central Alberta core area, for a total consideration of CAD$65 million ($53.7 million).