Member Info for tonynorstrom1

Thank you !

Gerry - keep repeating your 7th December post - but it doesnt appear to answer the question. There does appear to be some logistical hurdle in submitting a valid request otherwise its reasonable to assume that PB would have done so.

In theory it is simple for 5% or more of holders to approach Hargreaves (and or other niminees) and ask them to submit a valid requisition to Europa on behalf of the underlying shareholders - why was PB not able to do this. Thats the question. As for timing - thats all detail that can be figured out later - step 1 - figure out how to submit a valid requisition !

Https://moneylifeshow.libsyn.com/election-year-effects-will-stave-off-recession-until-2025?__hstc=214401352.67916fa54bc1f8c3c01507bd1dbb6ab6.1702117802803.1702117802803.1702117802803.1&__hssc=214401352.1.1702117802804&__hsfp=467677067&hsCtaTracking=32869ea4-0d9e-41e0-ba41-1be7054eefa1%7Cdb2a67eb-924f-4886-a30f-d3cc39c20dbd

Interesting podcast. Oil & Gas from 30 minutes - they think US gas prices to conversge with World prices - that's $2 to $13

(Goehring & Rozencwajg - Natural Resource Market Commentary) some of the smartest cookies around in my opinion !

Fairdealer20

“What are you talking about? What fact are you referring to. The fact is when Paul Barret left office in 2011, 12 years ago, the SP was 9.5p. The SP is now 1,1p.”

I’m a little fuzzy on when Paul Barrett started the Company – but he raised equity at 25p in 2004. So that is 25p to 9.5p in 7 to 8 years. These are the facts I am referring to. So not only the opportunity cost lost over 7-8 years but also the loss of purchasing power due to inflation. Which ever way you want to spin the numbers – it’s a terrible return. The fact that you seem prepared not to question past performance and now why Paul is suddenly the answer – what’s your agenda ?

As far your insinuation of my support for Will Holland – I think you are wide of the mark and equally I could ask why are you seemingly pushing for Paul based on the numbers above. The fact is (and you seem to not to be fully aware of the facts) – I posted on the LSE forum that I had emailed Will Holland a strongly worded email on the failed requisition a week or so ago and that he had failed to respond to it – I thought it only fair to post again that I had now received a detailed response – fairs fair !

As far as critcism of Paul Barrett is concerned – it was not a critcism – it was a statement of facts based on information that is publicly available on the internet and really I think a reasonable question on why he is the right man for the job based on past record. Its not your business at all to be telling anyone how they should direct questions or the proper way to do things. First of all – I think you need to acquaint yourself of the correct facts. “End Of” – get it straight and then tell someone end of !

And for the record – I do feel that if 5% of shareholders have indicated that they want to hold an EGM – EOG should support it - nominee holders or otherwise. I sent an email to Will Holland today on that subject and that he should support it to confirm his mandate if he is confident he has the ear of most shareholders.

Sharedealer,

“I stated the obvious” - no you didn’t , you suggested that my figures were wrong - they were not as confirmed by fellow posters - you were wrong.

And then you stated it was a condescending post / remark and now an “attack”

- it was nothing of the sort. It was a statement of fact and a question that any interested shareholder I think would want to

Know the answer to but it appears you are trying to shut down any discussion.

Quite right Breznef - if fairdealer was referring to my post he should apologize.

Perhaps you or someone else can remember what the SP was originaly when Paul Barret set up the Company - I was not around then but I thought some one said he raised Capital at 30p a share. If 30p is correct then not only technically correct but absolutely correct.

Just to left fellow investor here know - I did get a compreshensive response from Will Holland to some pretty tough questions on the attempted call for an EGM - so hats off to Will. I want to go back to him with some follow up questions and then maybe I will share a little more. Part of the response was that he has engaged with a big proportion of the larger shareholders who are supportive of the current strategy. It did not answer all of my concerns hence the intention for follow up questions but the overall response was reasonable.

I would also add that Paul Barret has not responded to all the questions I have asked him - I've sent him about 4 emails and I have a response to 2 I think. One of the early emails pointed out that the SP performance has been shocking really from the Inception of EOG - pull up a long term chart and with the exception of a few samll period of growth - the long term trajectory has been catestrophically lower including during his term. So the question to him was that you oversaw a significant decline in shareprice during your tenure - why should current shareholders support you now - seems a fair enough question?

Do you have a link to the 5i research ?

whatcangowrong

my biggest issue with ggg’s posts is not so much the content but the fact that he repeats pretty much the same talking points over and over again and always negative these days – what’s the purpose? ok you think management are rubbish – but do you have to repeat that on every post unless you bring a new perspective to it – which he doesn’t.

his comments on poor pr - i know some here agree but to say they don’t give a **** when you look at the number of podcasts, brokers note etc that they have actually put out in the last 6 months or so – it suggests to me that they do give a ****. i thought the whi note on the “car crash” scenario was interesting and possibly a deliberate ploy by i3e to get ahead of the curve on any rumours about the affordability of the upcoming january dividend.

he also took a pot shot at the proactive investors platform / meeting / attendees. if you look at the proactive investor website – they have multiple offices and scores of analysts / journalists in the uk, us, canada and australia – so it looks like a decent platform to promote a company. what was his point and even better still what is he proposing other than a good old moan??

he also criticized i3e for not going out and “banging the drum” over the q3 report – the update was solid - not great! in fact, it was a fraction below what i was expecting production wise joining the available dots. do we go out now banging a drum for results that are just ok – the market is not stupid. i think whi’s broker note confirmed the same – “solid” – not spectacular.

i am interested in hearing a little more about your comments:

“timing on their decisions has been very bad” – what do you mean by this.

“and it’s been a barrage of bad news from them” :

last year we had the serenity duster – obviously very disappointing and a potential company maker up in smoke but hardly a disaster in terms of share price and as i3e said – only one well in a 20 plus well program.

the second piece of bad news was the q1 update along with dividend and capex cut - yes very bad. am i missing anything or is this the barrage of bad news you are referring to ?

GGG - I deliberately didn’t comment on your original post - I left it to others and the likes I was referring to were on those posts and an indicator to me that “others” feel your posts are not constructive , repetitive and quite frankly very tiresome.

As far being part of an I3E fan club - I don’t think I have been banging the I3E drum or making excuses for I3E particularly in the last 6 months or so - imo I’ve been trying to add a bit of perspective / context to your echo chamber of negativity.

“Why the f@ck would I look at the SP depreciation of other companies” - bit of a dumb question imo -

If your trying to see where I3E sits compared to peers - you have to look at the numbers including SP etc and you need to be looking at companies with a similar gas and NGL weighting - none of which you have done.

Some one asked on the ADVFN BB for someone to explain in “simple terms” why the SP is sitting at a third of where it was a year ago - I’ve done it - suggest you go across and take a look - perhaps you’ll learn something!

"stas i have no idea what the f@ck you were on about a couple of days ago." - thats clear and perhaps your problem. Stas was not the only person to comment on your recent post and judging by the number of recommends on these responses - it seems the're not alone in thinking your posts have degenerated into a repetetive non constructive rant. For me Stas hit the nail on the head - your either deliberately bashing i3e to further a trading strategy or your stupid - there appears to be no other rational explanation. Stas didnt think you were stupid but personally I dont rule that possibility out.

"..and i'm f@cked off with the fact they have never put any effort into promoting the company". They held a Proactive Investors Presentation / Meeting as recently as the 29th Novemeber - one of 3 or 4 they have done this year in addition to "Investor Meet The Company". 3 or 4 brokers notes have been issued in the last month or so including a couple from WHI , one from Tennyson , one from Canaccord Genuity (in Canada) and a recent one from Zues on a site visit to Alberta. Ryan presented at an Oil & Gas event in Houston earlier in the year and there's probably other stuff that has happened in Canada that we are not aware of so i'm not sure your comments have a lot of merit.

As far as i3e being well undervalued against peers - have you compared share price performance against similarly weighted gas and condensate producers over the last 3 months - I suspect the answer is no

I think that's what your going to see Nomad - look at the last presentation and near "Term Focus" for Clearwater.

I suspect (but I dont know) that i3e will announce an H1 +/- 10 well program in Clearwater unless Oil dips lower.

Agreed - not too much new although they did add a couple of lines on the "Near Term Focus" for each asset:

Central Alberta

• Optimize infrastructure to enhance 3rd-party income & GORR lands

• 2.53 net, oil focused, Q4 drill program to accelerate cash flow (The two Glautenite wells - drilling complete and tie-ins in progress, 3rd Ludec well drilling in progress)

Wapiti

•Optimize performance of new Cardium and Dunvegan oil development wells with debottlenecking of gathering system

and optimized liquids egress

• Expand Dunvegan oil inventory through geological mapping and offset activity

Simonette:

•Optimize recent Montney wells to reduce downtime by shifting to gas-lift pump configuration

• Prepare to accelerate high-impact multi-zone oil development

Clearwater

• Accelerate development at Dawson and Cadotte based on initial de-risking activity and success of offsetting operators

• Continue advancing delineation of extensive undeveloped land positions (Marten Creek, Walrus and Seal)

(so no actual mention of any near term plans for Serenity - I expect this now depends on whether they are successful in acquiring Tain which could be months away if at all)

Did anyone email the Company to get their reponse to the AGM / proposed SGM.

I sent them quite a pointed email with a couple of difficult questions. EOG have been very good in the past with Will Holland responding himself by email within a day or so - this particular email looks like it has been ignored.

"Will they have mentioned tonight why the two transfers of assets to Axiom Oil And Gas Inc. were "Withdrawn"...."

My guess is that its not not mentioned - why mention a non event ?

"....and what the consequences of that action are?"

I'm going to go out on a limb here and speculated that the transfer is either temporarily or permanently suspended / cancelled.

A question for you Joe - do you think this is material / important - you brought it up - you must have some thoughts on it?

AECO averaging CAD 2.50 in November

(up from CAD 2.26 in October and CAD 2.57 YTD)

Https://assets-global.website-files.com/6385bf5acfc9c48d7f0b73c1/6564a4ee1398e4e77cdae48b_Egdon-consultation-pull-up-boards-compressed-.pdf

approximate timeline for permit application / approval - end of April 2024 approval ?

Crushcutfluor - do you know who are entitled to vote ?

An update from Paul Barret wouldnt go amiss and get his views on the rejection and how long it will take for him to resubmit the egm request.

GGG - you cannot accept what the graph is telling you. Now I know that you have at least looked at the grapgh- perhaps you can share by how much the share "popped" in your view and how many days it lasted. There's zero evidence that the initial dividend hike (that you supported) has propped up the share price at all - in fact the graph suggest to the contrary.

The dividend cut decimated the SP and part of the reason for it was dumbells like yourself egging the Company to raise it beyond affordable limits. Now you are super smart after the event pretending you know what the Company should do next. I'm not going to pretend I know except they should probably ignore any suggestion from you as you seem to have got most of your calls wrong.

" i think you'll find i've been critical of mgt on the pr front for years" - I think you will find that this is another lie. The Company in its current form (pivot to Canada) has existed for around 3 years. The SP was around 30p end of August last year - I think you'll find that you criticisms started some time after that (i.e. around a year ago) when the SP started its long term decline and as you correctly pointed out this has largely been due to the fall in price of Oil , NGL's and Gas.