Member Info for tonynorstrom1

GGG,

I think most of i3e's is classified as Tier 2. If you look at the Tamarack Presentation - production is from 70 to 280 bopd. I think I recall Majid once stating figures of 100-300 per well. I thinks its pretty variable depending upon exact location. Ive assumed 200 which I think may be a tad high but I will use until we get better guidance.

On the cost per well - you need to make sure you use the figure for "all tied in" i.e. including the pipe work and connection to the network. Again I recall Majid using the figure of $1.4 m "all tied in" - but I think there is confusion between CAD and S.

Maestro,

You are largely correct with Serenity requiring upfront funding whereas Clearwater can be brought on stream incrementally i.e. 1 well at a time or $1.4m at a time which allows a portion if not all to be funded through CF depending on how fast they drill.

To add 5,000 bopd at clearwater potentially costs 25 wells x $1.4 m = $35m So its no cheap either and will take time to bring on line.

Kane,

The NPV10 calculations demonstrate some potential but i'm not sure how much they mean by themselves. You only have to look at our North Sea Assets - they have a NPV of nearly GBP 2B in the high case yet you see where the current market valuation sits. This seems to be true in general of NPV valuations of O&G assets that always seem to sit way above current market valuations.

We need concrete drilling plans before you see the market starting to recognize any of this value.

Sorry - cut and past error. Previous write-up was for Jesrsey Oil & Gas. Following is for i3e:

WH Ireland:

"All in, we see i3 Energy as one of the best poised junior oil & gas companies on
AIM to capture the tremendous opportunities presented by the oil & gas sector
over the years ahead. i3 Energy has long-been both a value and a growth
opportunity; it now also represents a dividend paying opportunity. We reiterate
our fair value estimate of 24.3p, of which 14.4p is premised exclusively on the
company’s Canadian operations (net of balance sheet adjustments), with the
remainder reflecting the risked potential of the company’s UK North Sea assets."

WH Ireland:

Positive Outlook: For the current year, we continue to have a very positive outlook
for small-cap oil & gas companies. Amongst the many oil & gas companies with
compelling growth strategies and significant value-price disconnects, we believe that
i3 Energy will be one of the front-runners of strong performers.

ArabianNights,

You seem to have a pretty measured and sensible approach to 88e born from years of 1st hand experience. Do you see this getting a little bump on release of test results?

"it wont go below 1.1p" - hmm ? Wrong at the open even with the benefit of seeing OTC close. People would have made money doing the exact opposite of your calls - literally !

What's your game ? Even a paid ramper has to have a semblance of credibility for the ramp to be effective - strange.

This is a head scratcher - looking at the Re-admission document - Lombards warrants are exercisable at 40.7p to 55.5p. The only warrants that have been exercised is the Loan Note Warrants at 0.01p.

GGG,

Refer to the latest re-admission document - about page 650 to 650. Warrants about 63m outstanding and options similar 60 -70m .

Fastfood,

Dont worry about Oil - we've got plenty at 88e. Just got to figure how to get it out of the ground and then transport it from the middle of Alaska !

Quant,

I have shares - not sure you know your chicken or your Oil Companies! The only thing you might be right about is it could be unlucky for me !

ronrod1,

"I'm pretty sure 88e is in the oil industry, not a KFC outlet." Well that's a real shame - if 88e had the cask flow KFC has, we'd have a market cap in the billions now.

Baldrick,

"Low life bottom feeders :)" - your halo sometimes slips off that loft perch - something to ponder during the meditation perhaps?

every dog has his day !

Balderick - just remind me the rules of the board again:

pumping is good and is to be encouraged at all times - for example "solid support at 1.1p - blue sky today" even if its patently untrue.

factual observations are bad and to be discouraged particularly if they are not considered pumping for example "solid support a 1.1 - didnt last very long" even if correct.

Bully - even a broken watch is right once a day!

"very strong support at 1.1 - blue today" - didnt even get a chance to get my stopwatch out of the box !

Ddraig - was it a time out or was it a 2 day ban !

Freshair

"Ultimately, all decisions are made at the parent level – i3 Energy plc in the UK – but we have 40 highly qualified staff in Calgary, most of whom have spent their careers in the WCSB almost exclusively, so that portion of the Company is in very capable hands"

What was the question? I'm assuming that you asked other questions such as the dividend - of course he will be restricted in what he can say.

Allbull - there is no flow test.

Question is have you done any research or are you just pumping?