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But hadding a closer loook: Worried about decline and ****ty field-performance in Egypt. Overall negative, IMO.
Initial Production Rates far above Expectations --> The Block is derisked and extremely Valuable!
Doing more hedging would have been wrong in every single month in 2020. You never know, what future brings, but on ething is for sure:
As long as EU/UK stick to their "green transformation" gas prices will rise - worldwide. It will be a lesson that politicans learn on taxpayers expense :-(
An on SQZ-hedging: Have a policy. Stick to it. Amen.
"Oil use is declining at a 5% per month"
Pure Nonsense :-)
Oil use is bound to increase and it does. Foolish thinking like yours and Greta's Followers fills my pockets. Too bad we are running into blackouts soon, but at least I make money of this worldwide misconception.
DYOR (or at least, do some research)
Can anybody explain the interest charged here?
Loan 31.12.20: Roughly 18 Mio GBP
Interest in H1: 1.619.000 GBP
Accretion expense: 1.348.000 GBP
obviously more than 8% or 11% :-(
Ists more or less 8% but in H! only - 16% a year?
Agree - its only one Company on AIM better in my Opimion - i3. Considering Serica - we are trading at 1,5 FCF (my roughly calcs) at the moment. even if the share price trippled, we would be in the lower quartile of peers. Its a steal! And my second largest holding.
I'm with you regarding the Noel Well which came out of the dark and came with no accompaniing news (Field size, Development plan, etc.).
Given history of poor IR I guess we would see a doubling share price - all other factors being equal - just if i3 Operations and plans become more transparent and they would give regular and detailled updates - again International Petroleum would be an admired benchmark.
As the CFO wrote to doc, they are working on it. Interesting times ahead.
Good Luck to All!
I would love to hear that they have drilled the C$5-C$8MM, 4 to 6 well, like mentioned in Presentation March 2020. and then grow Clearwater on a it-self funding basis - like Transglobe does with their (mediocre IRR) Cardium-Wells. I was impressed from the Transglobe-guidance - and it was just Cardium!
A similar guidance for i3 Clearwater in the Q1 Earnings-Presentation would surely help to understand the potential and treasure we've got in Clearwater.
I guess it would be good if we could support the talks from docJimJones with management by adding our holdings to "the group he represents".
For me its 330 k and I support.
To DocJuimJones: Is there a formal way to register for your group Doc? And do you even want that support?