Member Info for Rehauer

Thats from the RNS - non economic - call it a "wet duster"

In Q4, i3 and its working interest partners drilled one gross (0.53 net) verticaLl educ oil well into

the Homeglen Rimbey D-3 unit in Central Alberta. This well was drilled into a structural high in

the underlying Leduc formation, that targeted un-swept attic oil. TheLeduc formation, accurately

identified on 3D seismic, was intersected approximately 5-7 metres higher than offsetting

producing wells. However, a 7-metre-thick tight dolomite cap was encountered which effectively

negated the structural gain. The well was swabbed and produced light oil with a high water cut

and is not deemed economic in the current price environment

Could that have been avoided?

It's a bit annoying when you just drill 3 wells and take this (too) risky one.

" As such, the company has stated that it will commence issuing TSX required quarterly financial reports starting for Q1 2024"

Yihaa!!!!

Jip - that's a valid point. They are traders and would surely finaance some takeover of distressed sellers assets - so they can trade more oil.

My point is different. Management worded it as a "strategic move". I guess in reality it was the cheapest source of finance available.

But still they killed two birds with one stone. Leaves more optionality.

At these Levels i3 is a no brainer - unless gas prices get negative...

Another Question to the Public: The 3 Month of recovering frac fluid and time to get the wells comissioned - is this a common timeframe - or are our fracking crews fast or slow, compared to others?

Well Tony - I would not put too much weight in that stetement. I guess it was the only reasonable lender. Banks are reluctant anf family offices want a risk premium too high or a share in that company. that's why I'm happy when we pay down our debt - cash rules and gives flexibility to do akquisitions of distressed sellers. We got to get rid of Polus - that would really be a milestone. Perhaps THEY sell distressed....

@Toni - what is your guess - when will they issue the update and the investment-budget?

Beginning of April?

No - better use of our money in Canada

I hope our gas wells are not frozen in and our precious gs is still sold at these extraordinary price level.

In fact there is NOTHING new in this presentations - besides some updated production data.

They Even left the ridiculous mistake in the "2023 Revised Budget" on Page 10. When you look below the graph you see Q1 2022, Q2 2022 etc.

OMG - can someone skilled take over the IR and prepare the Powerpoints??

Went through page 17. There is NO plan, to drill an additional well. it is just "options bein gevaluated", which means: Nothing new.

Majid bought open market - as far as I can remember.

Thank you

Did you use the following Email?

i3energy@camarco.co.uk

Stas20

Thank you!

Aditional Question: Did you use the following Email?

i3energy@camarco.co.uk

Conclusion: the Contact form on the website is useless for IRPurposes. Another odd insight. Considering what we pay for G&A someone should read the posts in a timely fashion.

Stas20

Why and how did you get the answers on y questions?? I've got no mail so far...

Stressing liquidity - not strenghtening...

"at an attractive 2P acquisition cost of US$1.7/bbl, or less than US$1/bbl on a 2P + 2C basis".

That is not even partly true. t only accouts for the 9 Mio. face value. Since we have to pay up to 102 Mio$ in the Abandonment Trust Fund, the real igures would be some 19$ for 2P and 11 $ for 2P+2C.

Given that the payments will have to be done faster than the revenues flow in it is further strenghtening the liquidity - which should be our main concern now.

How many free Cash flow per annum do you get from 2.000 be/d? And how long will it take to recouper the roughly 100 Mio $ Cash outflow for the abandonment facility? I guess some 6-7 years - do your own math.

This deal is not brilliant - it is hardly mediocre, stressing liquidity.

And the misleading wording (if I was not polite, I would say: They lie) leaves a bad taste and makes me coutious.

Sold out and will be at the sideline til Akatara Cash Flows.

I got no answer - on both of my questions - as usual. I use the contact-form on the website , perhaps noone looks after the incoming mail?

Very annoying. But in general this should work. Beginning of 2023 I got an answer - like 3 Weeks late.

The leaky ship.

Says it all.

I3 was always leaky considering news. Thus: If some positive news were imminient - we wouls see it in the shareprice already.

What we see is decline after decline - which implies bad news ahead.

Hope I am wrong this time...