Some15 May 2018 07:52
interesting posts recently, but my take on this since I bought a while ago has not changed. I believe that the blocks applied for are close to Liberator, as PP states Blake field is operated by Repsol Sinotec. As they are currently loosing money in the area I believe they may be the circa $200m funding providers. We in return give away 33% in royalties and also pay to use their tie back facilities. It is a double win for Repsol and serves I3E very well indeed.
Neil Carson and Graham Heath are 2 x well respected individuals in this industry and listening to them at various PR shows they will not sit back if the blocks we applied for are granted. They have stated that whilst the work is being carried out we must continue to look to add further assets to grow the company.
On funding, it's more or less unheard of to obtain $200m, without death spiral financing or massive dilution, so that is a massive tick, and an even bigger one for us on announcement as that is what big investors look at. FUNDING.
Should history repeat itself, then 7 days after the O&G announcement then this Thursday should see a massive rise here, and another shortly after on funding news. NC &GH won't want any more delays and will want to press on with the tasks in hand. Remember all the delays are due to the UK government not I3E.
Good Luck to all holders, new or long term, small or large....!!!