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That’s very encouraging. Thanks Harel.

That’s very interesting Tony. Have to admit I’ve been totally focused on oil . More surprisingly you got a reply ! That’s the best I3 news I’ve had since the Serenity strike ??

Hi Harel , they were vocal on their rationale on the drilling location on Serenity and I remember it well. However at the time I must admit never gave it a second thought.

Your other points are encouraging to say the least . Great input, thanks.

Lastly on this $60m . I’m still of the thought we might get a rights issue which will be interesting . What are your thoughts on this

All very feasible Cn100 and it shows some of the short term potential. But for me the appraisal drills on Serenity will be the real kicker getting this company and its MC into a reasonable shape. I`m hoping Serenity will be drilled spring next year, but reading the Q & A of the AGM they sound like they would drill this winter.
Serenity alone should if successful catapult our MC .

I3 now need to attack all the low hanging fruit now and secure a robust revenue stream.

Correct Doorstop.

I’m certainly no fan of this management team . I don’t believe it is in there financial or for there personal reputations to crash the bus ! Further they will have NED’s marshalling their motives and decisions . Linda Beal From what I’ve been told is a class act also Graham invested a large chunk of personal cash in last year’s placing .

What is clear they will need cash, so more debt if possible will be on the table and a rights issue Is also an option. Let’s see .

I tend to agree Doorstop . Regrettably this management team are an exception and not exceptional . Graham Heath needs to be removed without delay he should hang his head in shame over our MCAP ! It’s disgraceful.

Good luck. With the reply

This is very true . However, if a FO is secured and Serenity is drilled this year ( i think it will) then I3 will IMO end up owning 50% of an asset at least twice as valuable as it is now. Hopefully the FO partners will insist on being operators So Serenity at least will then be in a lot more capable hands for its very lucrative future .

Yep took a big chunk myself. At these levels its a gift IMO.

Yeah I`ve had that as well. Been loading up at these levels just ridiculous

I think you may well be correct. Remember WTI went negative only a few short weeks ago. Things in the oil industry are improving . With this BOD radio silence and missing deadlines just comes with the territory unfortunately. No doubt they are a major factor behind our weak MC. Luckily we enjoy some great assets which will bear fruit and I think Serenity will unlock quite a bit of value in the relative short term. Even more so if the oil prices look like going back to $ 80+ next year.

Morning all, really like this company and will be looking to enter very soon. Just need to free up some capital and get in around this price as IMO it’s a very attractive entry price at the moment. It will be a long term for me. GLA

You’re of course correct . Never get emotionally attached to a share. I’m not. Market cap of £ 45M T/O is cheap considering the companies assets . As you will see from last years Serenity RNS it’s a steel for a medium term purchase for a well run oil company with liquidity.

Like I said BOD / Management are sh*te . This inadequate management team are a severe drawback to existing shareholders but a gift to potential buyers for a quick cheap sale. But even these gold plated idiots won’t sell it under 40pps .

· The Serenity 13/23c-10 well was successfully drilled on the Company's 100% owned Serenity prospect and is an oil discovery, with preliminary well results that are consistent with i3 Energy's pre-drill estimate of 197 MMbbls STOIIP for the entire Serenity closure within the Company's licence area

I agree it’s very low hanging fruit and it’s infrastructure ready assets are juicy. Oil price has improved and will likely carry on improving . I3 very good assets in a great location. Woeful management , but 8-9p ain’t going to happen. BOD own too many shares for that to happen . But it will be sold cheap in a better market at 40p +

Spend a minute or two on the calculator it’s a simple process.

Well said !

I’m a large holder as well . I’m very confident something positive will come out of Serenity. Let’s see

300M-500M M/cap is very achievable . Looking forward to details on orders and mark up. I believe these will be company changing .

Iko I thought are part of the BMI group ? Have they the finances to bid ?

What do You think is going to hit Tuesday .

Spot on !

https://www.cnbc.com/2020/05/14/fda-data-suggests-abbotts-rapid-coronavirus-diagnostic-test-is-delivering-inaccurate-results.html?__source=twitter%7Cmain
This has probably been posted already

I know . Its quite ridiculous how there is ANY confusion on the various products. This is excellent PR for when our product finally is announced . Join the dots