Member Info for SwearinNige

Zenga excellent explanation. Factor in the rising cost of Crude and it could be more than $4 Bn

Miker444, I did the maths using the same equation and came up with $58 too, however I then decided to re-work the figures that anything above the $53.50 would be just pure profit (our uplift costs wouldn't be greater) and the figures are eye watering. Like you state though it is dependant on Lib Ph 1, 30th round etc. Excellent times ahead for this company, and with the ambitions of the directors this could be worth a lot more in the 2020's ATB

Miker444, I have been playing around with the figures this morning (Couldn't sleep) and would like to know your thoughts on the following. 234 Million gives us a M cap of $1.46 B @ $53.50 as we have already identified, this price reflects operational and uplift costs etc. Given that the cost of Crude is estimated to rise to $80 by H2 2019, I decided to punch some optomistic numbers into my trusty calculator. Using $ 75 per barrel would see an extra $ 5b circa added to the value as this would just be pure cash (less taxes) Now that would be a little optomistic but possible in my opinion All the best with your top up. Love Croz2492 " I inherited 50 000 of these things", !!!! should read "I inherited 50 000 golden tickets" All the best

Dont worry be happy

miker444, it is like we both said a couple of weeks ago that this as huge potential to go to double figures easily and we both expected to get shot down but so far nobody has.!!!! M Cap should be much more due to the crude price...... As you say M cap divided by shares in issue = $42.62 without any other projects in the mean time or circa �30 Also you state H2 2019 (that is not far away in the scheme of things) only one thing to discount is the repayment of $400m but that can be done out of the rising cost of Crude. Wish I had more funds available for this one. GLA

Nice to see you researched this well before buying LOL

crokey PMSL!!! Croz2492 AKA (Arthur Scargill) Funding is never certain until finalised but I can not see a company putting out the following presentation if it was a load of tosh. Pay particular attention to page 7, which should help you to value your investment. https://i3.energy/wp-content/uploads/2017/03/20171108-i3-Corporate-Presentation.pdf

Ammended from yesterday

Think your on the wrong board for mining companies. Here's one for you to look at VAST

O'h well it shows what research does (NOT)

Just wanted a small � 500 buy and it went straight to negotiated order. A good sign of what is coming here. ATB

I think more than that by H2 2019.............much more!!!!!!!!! But i will settle for � 10 from 35p

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=STEL&ArticleCode=50q3c7cx&ArticleHeadline=Receipt_of_Loan_and_Director_holding_update