Member Info for tonynorstrom1

No I’m not talking about the FTSE - I’m talking shares full stop. It don’t agree with the dividend is the cherry nonesense - it’s a hefty dividend and it going to grow - it’s a significant part of what’s going to attract investors including institutions. The added attraction is the likelihood of share price appreciation. 90% of shares on the AIM don’t make money so those that do and pay a monthly dividend are going to get attention - not to mention the prospect of bonus dividends.

Historically the bulk of shareholder returns is from dividend reinvestment. Are you sufficiently smart to beat historical norms - I would bet not !!

VMAX,

Well your ignoring all conventional
Wisdom

i3e is a very good Company with great assets and multiple high impact catalysts - nothing is holding us back. We've had a very strong run up over the last month or so and outperformed many of our peers, however, this does not mean we will outperform them every day.

Also there will be other Companies out their that also have great assets and maybe even better than i3e so you would expect some of the hundreds of Canadian Oilers to outperform i3e - Athabasca may be one of them I don't know - i've not studied them. However, after a cursory glance - they produce 35,000 bopd which is massively higher than i3e who produce 17-20% Oil or around 4000 bopd - so any company Oil Weighted you would expect to significantly outperform a Company producing 17-20% Oil during the oil price run up over the last week or so - your comparing apples with bananas.

I looked at the 2nd Company on your list (Gear Energy - GXE) - 1 month charts are almost the same as i3e and they are about 25% below i3e on the 3 month chart so i3e comparing very favourably there not to mention the two companies I've listed which I didn't cherry pick (KELT & Tamarack Valley) which have been highlighted by others as being very comparable to i3e which we have significantly outperformed over 3,6 & 12 months.

DOPW,

Not sure what your monitoring in Canada - but I just did a spot check to see whether there is any semblance of fact in you statement about Canadian stocks:

Kelt up +1.23% today
Tamarack Valley +4.03% today

Nope I guess not !

Majid & Graham - explaining the deal.

https://www.**********.co.uk/articles/majid-shafiq-graham-heath-of-i3-energy-discuss-the-farm-out-of-their-serenity-oil-discovery-52854f4/

some good comments on here ref Serenity that reminded me of a couple of points:

1) The Serenity structure is relatively simple and I believe that two or more drills will be required to proved up 100 mmbo, however, with one drill the expectation is that they prove up 50 mmbo to add to 2P reserves. In a world where investors are focusing more on cash flows and less on reserves - thats all they need to Sanction a development. Remember, Tain only has up to 18mmbo and that was sufficient for them to plan a development..

2) Chances of success - the geological chances have to be pretty high, they all ready have found the oil, its a question of how much. A lot of factors go into the overall project COS including financing and political risk. Financing has just moved a step forward - lets see whether WHI attribute more value to Serenity now that the FO has advanced.

3) As of one of their last communications to the Market - the North Sea is still a core focus for Repsol Sinopec. I expect that this will sharpen their minds and with FID Tain expected before the end of the 3rd quarter - its likely that we will hear more in the coming months and you would think that any further farm out will be on even better terms for i3e.

GLA

there's some interesting posts on the ADVFN board on the FO including a couple from our old friend "The Abbot" - worth a read.

I think first thing you need to look at is how much i3e has risen in the last month. I posted some numbers a few days ago but here there are again : WTI = +21%, Kelt = +6%, Tamarack Valley = + 4%, I3E = 55% !!!

So I still think we are cheap but its quite clear that i3e has gained ground on many of its Canadian Peers and also substantially outperformed WTI. Some of that out performance is no doubt due to Serenity - i3e were quite clear that a deal was close and so some value has been added by the market for Serenity.

Also need to look at the deal - I think retaining 75% and only having to cough up UKP 8m (50%) is a very favorable risk reward for the potential prize if you have confidence in i3e's field evaluation (personally I do) - if the well fails - the downside is minimal bearing in mind i3e's projected year end cash but if it succeeds and again based on Managements comments, this potentially doubles or triples revenues or is worth hundreds of millions of dollars if i3e decides to cash out. I think what the Canadian Market might be questioning is if the confidence in the field is that high - why have i3e only got UKP 7m for a 25% interest with oil over $100 / bbl. If this was 6 months ago - the terms would be above many peoples expectations but now with Oil at over $100, why were i3e not able to get more ??

I also don't think it matters that the farm-in partner is a minnow - I think the important thing is it gets the project moving (as other have said here) and caps i3e's exposure to 7-8m. i3e said they are still talking with other parties and I am still expecting Repsol (or some other larger player) to farm in at some point and provide more certainty over development funding.

So I'm a little bit surprised that the TSX is not up a little more but not totally surprised - when has i3e's SP ever reacted as expected and some of the numbers thrown out on this board were overly optimistic imo. I still think that value will be recognized over time - lets see how we open tomorrow. If I was to put money on it I would say a few pence up, not to much more but would not be surprised if it reacted like the tsx or even if it shot up more than the few pence I expect. I'm more confident that in a couple of months from now the SP should be significantly higher than it is today subject to oil prices being supportive.

Anyway - gla and congratulations to LTH's - its been a bit of a ride but we are now reaping the fruits. Well done to MAjid and Graham - they told us this would happen 18 months ago - there were just less believers back then.

Austin,

It was meant tongue in cheek and if it came across differently which I guess it did then apologies to the board as this is not the place for such remarks. As it appears that GGG is about 7' 4" and 300 lbs and a semi professional boxer - he found the comment humorous.

Anyway in 6' 4" and about 20st and completely out of shape - I might have to join you at Croquet.

GGG,

I don't think too many people care about the grammar here (except you apparently) - here it's more about the numbers. Whilst you are of course free to express you views about Ukraine even on this forum, it is about respect for other posters here most of whom I would hazard a guess (whilst having some sympathy for Ukraine and its people) are probably not that interested in getting a history lesson from you.

Thank you for the offer of a few rounds - I'm not presently in the UK and if everything goes to plan will not be in the foreseeable future.

I do not box either so it would probably not end well if I were to come up against a semi professional - my comments about knocking your lights out - were out of order and said a little tongue in cheek but hey ho my halo slipped a little whilst responding to someone who is not able to challenge me on the numbers and so resorts to giving out grammar and history lessons.

I think you need to change your record also - you repeat yourself just about every time you post ! Anyway - how about keeping on topic.

GGG,

This is an investment forum not a political forum so whilst its ok to express a sympathy for the Ukrainian situation its perhaps time to move on and take the comments to a more appropriate setting - there are lots of injustices in the world such as what's happened to the Palestinian people over the last 50 years or so that everyone has forgotten about.

I'm not sure how helping family in Poland constitutes a charitable gift to Ukraine. Whilst very noble - I think many of us have done similar and are not applying for our halo just yet.

You're very quick to call people illiterate, prats etc - I suggest you take a good look in the mirror . Here's a novel idea - how about we try to keep it focused on i3e!

I3e will be minting dollars for sure at these prices but what some may not appreciate is that as the Oil Price goes up - so do the Royalties - quite significantly.

Check out the presentation on their website that they walked through during the recent podcast - they show a break even cost of $18 / boe - this is significantly higher than previous figues they have given for this and is due largely to increased royalties.

Also an interesting slide on the development wells with drilling costs etc

hey and look at Canada - 0.42 CAD (24.5p)

Austin,

I thought you were the adult in the room - safer with Trump - what a load of tosh - Trump is a lunatic !

If GGG is feeling really bad - I would suggest selling some of his 4.5 million shares and donating to a Ukrainian charity ! Its a real tragedy what's happening in Ukraine but then the world is full of injustice.

And by the way - i3e is not mirroring the oil price - pull up an interactive chart and compare to peers and to WTI - its clear that i3e is re-rating and outperforming peers (at least some) and WTI.

Crwys11 - well said. More important things going on in the world than a petty squabble ! Lets hope the Ukraine situation comes to a satisfactory conclusion.

Autin14,

I'm not really to concerned how my posts come across other than I like to keep it real and stick to the facts - if you dont like it - simples - block me !

Listen you muppet - I dont follow you around - you posted your NCCL trade on this board - you post enough rubbish here - you really think i'd waste my time to see what you post on other boards or bother to go back and see what you posted 6 months ago ?

Anything you can be measured against I don't think really stacks up - if you weren't the 1st, you were certainly one of the first to post the rubbish on the phantom missing q2 dividend - what should have been a stand out success here - you took a little bit of the shine off by posting nonsense. Similarly with the Cenovus transaction where you posted rubbish on the method of funding which I think the Company subsequently debunked.

I've also made a substantial profit on my holding here - unlike you, I think I have a much better idea of what its worth.

GGG,

I’d take your crystal ball back to pound shop - I think the batteries ran out quite a while ago - getting working again and I think you will make less errant emotional calls!

Let’s not retrace old ground but to be more accurate you said anchored to the placing price which it has not been - just look at the charts.