Member Info for tomhuk2000

It’ll be interesting to see how the SP reacts to the first bit of increased production news. That’s our next test. There’s going to be a lot of it coming and steady flow of RNS’s boosts the SP but more importantly confidence. It’s looking an increasingly attractive buy for new investors and big money II’s too now that we offer a dividend and are well above the £100m MCAP.

Roll on the news!

Yes it is effective from April, just listened to the interview.

Again, placing aside, I’m pretty excited about the next few months. From the interview it sounds like we will be inundated with news. Lots of new wells going online, workovers etc.

Clearwater, Simonette, Wapiti are all being worked on now, add the new 140 drill sites and 80 reissue wells and they are going to be busy as hell.

It certainly will take longer to crack 20p, but a few months down the line I think we will be punching well above what we would have been without this deal.

The way I see it is that we diluted the company by half to just over double the size of the business. Then with each quarter down the line that growth will expand way beyond those metrics.

Yesterday was a tough day but I’m topping up where possible and holding for 20p+. However I do believe we will see many multiples of the current SP in 2022

Thanks again for the report Tony.

Placing aside, the big attractions of the deal are pretty convincing.

- Very Impressed by the low break even of $11.

- Based on their figures the Oil proportion of the anticipated overall 18,470boepd is 3509bpd.

- Lots of drilling opportunities and reissue/work over sites.

- One faint silver lining to the placing is it gives us a pretty stable floor SP of 11p. Trying to see the positives, so I suppose if you told me 2 months ago our minimum price would be 11p then I’d be pretty pleased.

- I3Energy is now very stable and secure and almost totally derisked. This is a good thing, but with stability comes more sedentary SP rises when the good news hits.

Good luck all

Much appreciated Tony

Hi Tony

Can you copy and paste the WH Ireland report please?
I’m having trouble logging in.

Many thanks

I think Tony has an admirer! Lol

Quite right Tony, I read it as 51% oil and the rest NGLs

Although looking at their forecasted income increase I would estimate the oil proportion to be quite high

I think that this deal has got i3Energy noticed. Despite the shock of the placing I’m really impressed with the really aggressive ambitious growth focused approach. They seem really serious and proactive about becoming bigtime!

Hi there Tony et al,

As a long-term holder, when I saw the placing News this morning the bottom fell out of my bum.
I must admit that seeing the share price plummet after such amazing growth was utterly gutting.

However, I feel very positive about this deal and for an initial share price rout we could see some truly amazing gains in the short to mid term.

- In answer to your query Tony, they state that the propertion of Oil to gas is 51% which I think is pretty Damn good.

- 150% increase in reserves, plus a 70% increase in revenue marks this out as a cracking shrewd deal as we have come to expect from Graham and the team.

- also, there is the boost to infrastructure and therefore savings are to be had with regards to production.

- once all said and done there will be around $27 million in debt which is only 0.36 NOI

- 140 drilling locations as well as over 80 reactivation targets. Combine this with the rest of the Canadian portfolio and we have hundreds and hundreds of targets to increase production.

- The portfolio is now even more diversified and derisked.

- it would be interesting to see if our current huge tax pool of $177million is increased by this acquisition?

Combine all of this with the upcoming dividends, new drilling in Clearwater, Simonette and Wapiti and this is going to be huge. Not to mention Serenity! And eventually liberator!!!

So to summarise, what initially felt like a massive kick in the nuts turns out to be really rather incredible.

Have a good Sunday Tony, and here’s to another cracking week!

Morning Tony. I thought you’d like the “luck” jibe lol

With regards to your other post about infrastructure, I remember reading that the Canadian Assets had infrastructure in place to cope with up to 30,000boepd. (Just trying to find where I read it)

Reluctantly positive from Jim… (despite the “better luck in court last week” bit, hinting that their other court date was unsuccessful or unlucky lol)

“i3 Energy’s (AIM I3E TSX ITE) board had better luck last week in the High Court, which approved the cancellation of the company’s share premium account, allowing payment of a dividend to shareholders. The expected ex-dividend date will be during the week commencing 12 July. Meanwhile, i3’s operational update, also announced last week, disclosed current production averaging 9,353 barrels of oil equivalent per day, with further production expected soon from the Clearwater drilling programme and the Wapiti acquisition.”

A mention in “this is money”… 3rd best performing O&G small cap. Word is getting out!

https://www.thisismoney.co.uk/money/markets/article-9749831/amp/SMALL-CAP-MOVERS-88-Energy-surges-Tricorn-falls.html?__twitter_impression=true

Anything I’m missing from below? Looks like we should have enough incoming updates to keep us at the very least buoyant if not rocketing!

Upcoming news:

- formal special dividend confirmation and date/amount

- 2x Clearwater drills online this month

- wapiti drilling

- Simonette production

- further drilling/acquisitions or other wells brought online

- Serenity farmout?

- start of biannual dividends in September

Working link.

https://i3.energy/investor-relations/shareholder-faqs/

I’ve just messaged i3energy to doublecheck that they know that the AGM results link doesn’t work… you never know!

That’s a pretty decent article in a publication with a decent readership. Feels like the tide of sentiment is turning.
The AGM results don’t appear to be posted yet as the link below is for last years AGM.
I think it’s also a Canadian holiday today so may be a tad slower in the PM.

GLA

It’s been a long long two years. Well done everybody!

I feel a bit more patience is needed to hold on till what surely must be imminent farmout News.

An announcement in the next six weeks would allow them to get their ducks in a row prior to the upcoming Autumn/Winter drilling season.

GLA

Well done guys, absolutely ecstatic that this is heading into tomorrow’s dividend announcement in the mid to late 10’s.
Despite having slated the BOD for poor PR, the timing of this RNS is spot-on and with subsequent news output for July imminent this should help us gain and keep a steady momentum.

We have a lot to look forward to:

- Clearwater production online this month
- Special Dividend forecast for July 8th
- Simonette updates (potential for an eventual 16,000 booed)
- Wapiti drills
- Other “gems” in the portfolio going online
- Serenity Farmout
- Another Dividend on the horizon in September to help keep a stable bed of long term investors

Very very pleased. Good luck everyone!

With the dividend confirmation tomorrow/Wednesday and more production coming online (hopefully at higher than expected levels too) later in the month, i3Energy are going from strength to strength.
It will be interesting to see what tips investor sentiment. It’s not a matter of if but when.

GLA

Interesting that the terminology he used with regards to serenity was no longer “ we are in talks with“ but instead “we are hoping to announce.

I imagine that they would want to get everything tied up this summer so they can begin appraising the field at the start of the drilling season come October.

GLA