Member Info for tonynorstrom1

Maestro1,

i3E's share price has doubled since the start of the year - this is a lot better than some ref SQZ, PO, BP.......

"Oil Rig Count Jumps As WTI Moves Back Above $60"

"The EIA’s estimate for oil production in the United States for the week ending March 12 stayed the same this week at 10.9 million barrels, after a sharp increase the week before as more production was brought back online following the Texas Freeze. Canada’s overall rig count decreased this week by 24. Oil and gas rigs in Canada are now at 92 active rigs and down 6 year on year. "

https://oilprice.com/Energy/Energy-General/Oil-Rig-Count-Jumps-As-WTI-Moves-Back-Above-60.html

You would expect rig count in Canada to be going up. I have a few explanations but it would be speculative - I wonder if the Doc has an explanation.

Doc,

You mentioned the additional Revenue from 1,000 bbl of oil ($24m). 1,000 bbl of gas ($4.5m).

Did you get a sense of the proportion of oil to be added v Gas in the call with i3e.

"Just like operation in feb, ite raced to 30c while uk investors were picking noses and didnt understand what was happening."

I dont think this is quite right - the rise to 30p was on tiny volume. As the volume picked up to any meaningful level, the gap with the AIM has closed and now ITE & i3E sit at approximately the same level. The rise to 30p resonates more with the pump and sump detailed in Giltedges post.

Doorstop123,

You beat me to it. This is what I3E said in there last RNS:

"The Company intends to provide regular quarterly updates starting with a summary of Q1 to be released in the second half of April 2021."

Are we now expecting an operational update with the dividend announcement as well as the quarterly briefing. I would have assumed that they wrap the two together.

at this rate we will be luck to hear about the dividend by Q3 !

I was just about to comment on GGG's psychological 10p theory - but I see we have jus broken below 10p

Fastfood,

Not sure I3E have played the North Sea down - the NS was not feasible at last years oil prices. Naturally they have spent time on Canadian Assets . To be fair - they have not really played up the Canadian Assets either - lets hope this all changes with the upcoming news.

I see that details of the WCSB are back on their website. Not much of a write up to be honest - I assume a more comprehensive revision will be forthcoming after I3E updates the market.

GLA

https://oilprice.com/Energy/Energy-General/IEA-Gasoline-Demand-May-Never-Fully-Recover.html

what odds did you get for a 0-1 win?

................ The Price will see temporary Spikes and then fall back but not below my Current Lowest Base Level $64. My Highest Base level is $72 / offering the recognised Mode Value for each prediction. Once again over next 2 years.

Hmm - holy Sh_t.

and thanks for sharing.

Doc,

Just finished reading the same thing on your CEO channel. I was going to ask the same question that Paul asked on the NS - mention of it was conspicuous by its absence. Any discussion on the integration of 3 companies and whether they have a handle on costs (G&A). Did you get any kind of sense whether things were meeting expectation / exceeding expectation. The black out period was from when to when ?

regards

SP holding up very well considering oil down over 4%

Fastfood,

Your right - very strange. I've tried to make a trade since open - I have not got a price outside of
10 .0 - 10.4p

An Irishman walks into a bar in Dublin carrying a can of fly spay. He sees Paddy at the Bar:

"Hey Paddy, u think this fly spray will be good for wasps"

Paddy : "No, it will kill em.|"

Fastfood,

I3E's number was is not Free Cash Flow. They defined it as Net Operating Income and went onto say what was included in the number. There are some inconsistencies in the way companies report numbers - thats why i'm looking forward to seeing a more detailed report.

I think i3e's number is more consistent with what they call Net Back.

Just clarifying what he's done - I think he has taken the Mirabaud Report (Nov 2020) and updated. Mirabaud also includes some Capex so I was just checking. I3E with the NOI assumed $2.4m.

Also Doc - what times your call ?

Doc,

To clarify your calculations:

Loan notes paid off ($30m approx) and year end cash of about $12.5m

What maintenance capex did you assume -$2.4m ? and no other capex spending on production?

JAdam,

When you say "most are sitting at a loss" - you must be talking about this board. I am not talking about this board - I'm talking about all shareholders which is who the BOD are catering to.

This is an important point - because if your are trying to gauge the mood of shareholders from this board - were in a completely different bubble from the investors holding the other 650m shares.

I respect the opinions / responses. The maths however is 640m shares that have or will have been issued at 5p or less.

Also - when you look at your holding - you've got to look at your aggregate holding - you cannot look at the 5m shares you might have bought at 30p and ignore the 200m shares at 5p and the 50m shares at 0p.