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Green shoots of a recovery playing out

Grab what you can at this level and sit back

Think we might see a nice move in the SP next week

Hence differing legal standpoints and ends up as a legal claim process to be decided by the courts (or out of court settlement).

It is clear corica have a legal team on this and will be pursuing $27m to resolve the matter. This will be a long and expensive drawn out legal process. There is huge danger here now of being liable for the $27m and while this is ongoing really hard to convince another contractor to step in.

If they dont pay $27m in 28 days (and they wont because they are contesting) it will then lead ti court proceedings to adjudicate.

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Corica assures that this measure remains conditional and reversible. Corica has over two decades of history in contracting with major clients and is proud to have had zero litigation to this date.

Corica's recommencement of works is conditional on the Company, within 28 days of the date of the notice, making payment of monies owing to Corica and providing Corica with a Company Deed of Guarantee.

https://www.aetoswire.com/en/news/2003202438343

30p on those figures

"The Company is progressing several initiatives which will be incorporated into an optimised 2024 drilling and capital programme, and we look forward to updating the market on this during the course of March."

I think we will move back above 10p soon

Would like to see this asset move they alluded to

Ditto has helped me get a first opening golding here and looking to add more

Yanfolina established profitable gold production 80,000 to 90,000oz Gold

Karoussa into high grade gold at name plate or above, 1m tonnes capacity.

Dugby a sleeping giant being developed by the Canadian listed co and 55% holding

Gold price strength, some talk of $2,500 year end

20p plus at some stage in 2024

Option is clear, once they start churning the high grade gold which this asset has then this will re-rate. At the moment its just sit patiently at this ridiculous low valuation.

Hummingbird are producing at or above name plate capacity at their new mine and heading as we speak into the High Grade Gold.

Forging Ahead with Optimism

With several initiatives already in progress, I3 Energy is poised to influence its 2024 drill plans significantly. The market eagerly awaits updates in the coming month, eager to see how the company will continue to navigate the ever-evolving energy landscape. As I3 Energy prepares for the challenges that lie ahead, it does so with the confidence of a company that has consistently demonstrated resilience, strategic foresight, and an unwavering commitment to excellence. The journey of I3 Energy, set against the backdrop of a challenging commodity price environment, serves as a beacon of hope and a testament to the enduring spirit of innovation and perseverance in the face of adversity.

https://bnnbreaking.com/finance-nav/i3-energy-hits-record-production-in-2023-navigating-through-commodity-price-challenges

Steadfast in the Face of Adversity

At the helm of this remarkable journey is CEO Majid Shafiq, whose visionary leadership has steered I3 Energy through the choppy waters of a difficult commodity price environment. Shafiq attributes the company's strong financial performance to its unwavering focus on operational efficiency and a stable asset base. These elements have not only supported the company's ambitious capital programs but also facilitated significant debt repayments and continued dividend distributions. As I3 Energy looks towards 2024, it does so with a cautious eye on the ongoing weakness in commodity price forecasts, particularly for North American gas. The company, however, remains undeterred, planning to maintain flexibility in its business strategy to balance between organic drilling initiatives and exploring inorganic growth opportunities.

https://bnnbreaking.com/finance-nav/i3-energy-hits-record-production-in-2023-navigating-through-commodity-price-challenges

A Year of Strategic Triumphs

The year 2023 has been a defining period for I3 Energy, marked by the successful completion of its ambitious drilling program. The endeavor, comprising 12 wells, came within budget and expectations, a testament to the company's meticulous planning and execution. Notably, the final quarter alone saw the completion of four wells, highlighting the company's relentless pursuit of growth and sustainability. Amidst a backdrop of fluctuating commodity prices, the company's net operating income soared to approximately $93 million, a figure that mirrors its projections and underscores its financial prowess. Furthermore, I3 Energy's commitment to shareholder value is evident through its generous dividend payouts, totaling £15.338 million in 2023, with £3.083 million distributed in the closing quarter.

https://bnnbreaking.com/finance-nav/i3-energy-hits-record-production-in-2023-navigating-through-commodity-price-challenges

As the sun sets on another year, I3 Energy PLC (LON:I3E) stands tall, having navigated the turbulent waters of the energy market with remarkable agility and foresight. The company, known for its strategic acumen and operational efficiency, has not only met but exceeded expectations, achieving a record annual production rate for 2023. With an impressive 20,711 barrels of oil equivalent per day (boepd), I3 Energy aligns with the upper echelon of its forecasted range, painting a vivid picture of a company in its prime.

Excellent RNS and confirms we are under valued at 8p

Nice note.

This price is madness. Hopefully a move soon.

Over 13% up now

On Monday the Tender Offer Circular is published and tender offer is opened.

On Thursday we go ex dividend

On Friday tender offer intention