Member Info for Rehauer

Dont understand:
Discussions continue with other potential farminees, and i3 will consider bringing in additional parties up to the point of drilling commencement.

It would be more prudent to bring additional partners in once the Appraisal is sucessful... Any thaughts? Reasoning behind it? Or do they want to give away another 25% for a free carry?
Don't get it...

Totally agree. Mr Market is ATM unable to see the true Value of i3. Simple reason is, we have no valid reporting for the enhanced company (incl. Covenus) and we've got some one off items in 2021. Thus it leaves the insight to the people who heavy researched this stock and did their due diligence. Guess thats not the genetral public, its more or less a handful people.

My take is, that Market/general public/Nutall etc. will evaluate/regognice i3 when H1 2022 figures and reports are out. Thats not before 09/2022. I won't sell a share til then :-)
Bonus: We are heavy derisking our major plays. Its one thing when Management says "Simonette has company making potential" but another when this claim is supported by wells and flow rates. I see us derisking virtually every play until YE 2022. The only question mark is our 100% owned Clearwater acreage, where we do appraisal in 21/22 have to wait til next drilling season. Sadly that could be a cash elephant and I wished we had more speed in deresking clearwater.

Given the rise in AECO Gas - the only way is up! The only thing that hurts are the hedges. We will see a big new drilling programm anounced soon, I guess. True rerate will begin at year end.

Patience required and will be rewarded. GLTA

I think the sole comparison of FCF/EV is misleading. In contrast to Nutalls's best we got very low decline rates. Nutalls favourites got to spend more money to keep production flat than we do. Talking about some frackers with decline rates of 25-30%, we got some 7-9%.
Thus, a FCF (production flat)/EV comparison would reveal how cheap we are. But I won't calculate that - I'm happy with i3 and won't think about selling a single share til 40p.

Funny though that the US-democrats drafted a windfall-profit tax - albeit it will not become law, I guess. One more reason to be happy with canadian Oilers.
https://seekingalpha.com/news/***3812740-big-oil-tax-proposal-50-windfall-tax-rate-to-fund-stimulus-checks?mailingid=26991041&messageid=2900&serial=26991041.52169&utm_campaign=rta-stock-news&utm_content=link-1&utm_medium=email&utm_source=seeking_alpha&utm_term=26991041.52169

What strikes me is: "we will look for ways to optimise the Bruce production rates during this period". My reading is, that Bruce could deliver more, but we have a bottlekneck at the handling-facility. Seems that its not capable of more than 25k throughput. i had the idea when i saw the jumping Bruce-productionfigures in on of the recent RNS.
does anybody know more about that?
Becouse if that's true - a subsea-tie in of Eigg-north (if successful) would not lead to more production. Nor would the infill and optimizaion drilling, thats planned for Bruce in Q2.

Anyone attended? I missed due to family business :-(
Just saw the Q&A questions, wonder if they gave meat to some of the topics...

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!

https://www.trans-globe.com/news/news-details/2022/TransGlobe-Energy-Corporation-Operations-Update/default.aspx

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.

Ty very much!

No, they won't do an equitiy raise. They saw what harm the last (but necessary) one did. And they promised not to do it..

In Germany I can't find calls or options on i3. Is there anything available in UK or Canada?
Need more leverage :-)

In Germany I can't find calls or options on Serica. Is there anything available in UK?
Need more leverage :-)

"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?

guess 6.000+ is the right number :-)

I mailed IR about this "Iran interest" thing. Will post any answer if I receive it.

anyway - good PR - we need muchmore attention!

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.

150 / 2 = 75

Brilliant Update. Extended Clearwarter Acreage by almost 1/3 and drilling! Development focused on Clearwater.
Added another 100.000 - now I'm all in :-)