Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
are i3e giving ChrisOil airtime on Twitter? It does not paint the company in a good light.
For the believers ;)
yes, we don't want Noel Edmonds turning up!
It's a term borrowed from psychology - surprised you're not familiar with it : )
Nozzla, at it again with pointless speculation / catastrophising.
cont... ---------- I am too now I understand the process. This block triples i3e reserves. This block has already had commitment to be separately funded with commitment previously announced so the $200m in the 31st Jan might not even be used to fund this. That is why I don't think the 2 are linked even though the $200m funding package could end up being used to drill this block. This is a combination of my research, my observations, conversations with the BoD and conversations with Glenwick directors who invested nearly all of Glenwick's capital into i3e. Please do your own research on this company, there is plenty out there. Now I have purchased all the shares I can afford here, the hardest point going forward is when to start selling. A nice problem to have.
Excellent post by show.me on ADVFN. Hope he doesn't mind the re-post. ------------------------------------------------------------------------------- This is one month I don't think I will be forgetting for a long time. We should get 2 pieces of transformational news that will rapidly re rate the market cap of this company. Although some think that the funding has been delayed to see the result of the 30th round bid awards, I don't. A large chunk of the $200m funding package will be used imo to extract the reserves of Liberator quickly with a multi drill campaign. Funding packages of this size take time and I expect news soon. I have had it confirmed that there are multiple other options for funding if for some reason this didn't happen ( RNS 31st Jan). It makes sense to aggressively drill Liberator. The oil price is high and expected to go higher so there is so much more profit margin at stake than when they bought Liberator and oil was under $50. It is far cheaper per drill to drill several times rather than once. After Ithaca Energy, Neill and Graham's second company failed as did many smaller oil and gas companies with the collapse in oil prices and I guess they have learnt from that so extract the oil and bag the profit while you can. Finally, they have plenty of current capacity to transport the oil with current infrastructure already in place. I still think that a benefactor will be providing the funding. This is an industrial funding partner, not a funding partner only. Repsol have the infrastructure already in place to transport the oil to sales and it is currently under utilised and running at a loss. Both directors have said at presentations that they have a good working relationship with the Oil and Gas authority. There is a real push at the moment to push up revenue from the North Sea and the increase in oil price has helped this. Regardless of the 30th round, i3e have identified other smaller reserves in the North Sea that larger companies have not prioritised to drill and extract. i3e by their own admission are North Sea bottom feeders. They have been successful there multiple times with their previous company. They have built up good relationships with larger oil and gas companies in Aberdeen as well as the oil and gas authority and are well placed to build a very successful mid tier oil and gas company extracting larger companies smaller finds. It therefore makes sense to use the Liberator field as cash cow to fund other projects and the quicker they get the reserves out of the ground using a multi drill campaign, the quicker they have a cash pile in their bank account to fund further purchases and drill campaigns. A lack of PR has kept this still very much under the radar. A lack of funding confirmation has kept people on the side lines from investing. Once funding is confirmed, PR will kick in and the story starts to unfold. The BoD are confident in winning their bid in the 30th round...
Investing some of your royalties? Wouldn't want to be out of this over the weekend, no sireeeeeeeeeee!
I would be cautious applying technical indicators given the low liquidity. I think we will trade in this range until significant news arrives.
you're wasting your energy on the "UKOGers". I have raised concerns about the unwieldy mcap before but was accused of being a deramper. The following that company has is baffling given how many other attractive O&G plays there are atm.
From the presentation, "$41m capex to H2 2018 first oil above 10,000boepd".
Here's the Ithaca energy relinquishment report for block adjacent to 30th round. References the "surprise" discovery. https://itportal.ogauthority.co.uk/web_files/relinqs/p1458.pdf
added a few more this morning.
10k shares.
top up very tempting
remarkably quiet here, considering the expected newsflow.
Weekend's nearly over though. News this week?
Croz will probably accuse them of ramping :)
OBR pushes up North Sea revenue projections to �1bn @EnergyVoiceNews http://bit.ly/2IroHRl #NorthSea #Positivity #i3e