Member Info for tonynorstrom1

Justfencing - It would actually be good to hear some views on your question from others - maybe even new holders or those that rarely post. Its a quiet bunch here compared to the PANR board for example.

25% of billions is hardly pennies assuming that Europa retained 25% after a farmout and of course assuming that they found gas .

"JustBe - I'll be posting no more links on this board regarding Oilman Jim until Tony stops his stupid comments."

Did I miss anything - did he post any and how convenient that he's not going to post again - what a fraud !

On the subject of PR - I’m surprised more didn’t jump onto the post from WSBCanuck asking why I3E were not part of the Peters & co oil and gas conference in Toronto - apparently quite a big deal and 15 or so companies presenting including some big names and one or two of i3e’s peers. Eric Nuttall was in attendance as well.

I zipped off an email to I3E saying wtf - your getting some stick for “perceived poor PR” on the JSE BB and others - why are you not there ? Response:

1) Peters & Co is an invitation only event limited to some of the bigger names and those Companies that have used or are intending to use Peters & Co Investment Banking Services. I3e have never used Peters & Co.

2) I3E have a program in place specifically for Canada in the 4th Qtr.

So thing are happening behind the scenes - easy to criticize from your own armchair and not the CEO’s!

Reference to setting out “how to do effective PR” - I think quite a few will agree that I3E could do better including me. So I believe many were keen for you to expand on your ideas:

1) you said” hire a good copying writer - US are the best”. Great idea - they already have Canaccord Genuity but if you have a better suggestion then I think you have everyone’s attention here.

2) You said - “target uk and Canadian PI’s” - I said brilliant - who would have thought!

3) and the the best bit - “target the widest possible audience”. So this is great and I’m sure what I3E aim to do. So I asked and I’m sure many here were also wondering - what are you actually suggesting.

I have an even better idea - I3E should target 1m potential PI’s but unless I layout how that is going to happen - like your idea - it’s worthless.

Louis10 - you’ve contributed virtually zero to this BB despite over 100 posts this month.

Your game is very clear - anyone checking your posting history will see even this morning - you/omj pushing your paid news letter on two other BB’s - so your about promoting your paid news letter and furthering your “trading ideas” often by misinformation and rumour often at the expense of long term holders.

Omj’s new letters are thinly followed (about 200 paid subscriptions) yet you push ojm as an industry insider / player.

And if you have any other questions on I3E - I will gladly share my thoughts which I have done openly for the last 3 years.

Just fencing,

There’s no effort on my part to push the conversation away from I3E - I’ve shared what I know and given my thoughts on your questions but since it’s a Sunday and no new news to discuss - then I thought no harm in sharing some info on GASX.! What you’ve been asking has been covered pretty comprehensively over the last week or so. So if you have no objections and unless anyone else has objections - then I will add a few thoughts on EMO also.

Jim - you are a complete clown. I only post factual information on any Company I post about - so no lying (this is a denial or do you have light shinning through your ears? And if I had - I expect to be fact checked which you have never done- jog on !

I agree and what's to stop Vermillion letting the clock run down on the licence and re-applying and cutting EOG out. Technically they are not issuing new licences - but if the Governments position changes ?

"if you lie on other boards it's relevant here, because you provide financial information on I3E and people need to know if you make things up."

I agree but really you should take it up on the other BB where any misinformation can be easily fact checked- if you find a lie or any misinformation here you should fact check it here - which by the way you have never done. It has not gone unnoticed here that you are virtually never able to substantiate any of your comments - so again something on i3e please or jog on.

Louis10 (omj)

97 posts on here alone in the last month - most attacking me or defending yourself from others, some promoting omj and virtually nothing on i3e - do you have anything to add on i3e?

Rick123 highlighted the mess you have created on the PANR BB - 239 posts in the last month, nearly all negative either defending yourself or attacking others and as on this BB - virtually nothing constructive / worthwhile reading on the Company concerned (PANR).

Several on here have already come to my defence here and acknowledge who is the person that has difficulty with the truth (you) - so again - suggest you contribute you something constructive here or jog on!

I did offer to give my thoughts on GASX and EMO - both DOC Jones picks - since Justfencing appears to be objecting and since its a democracy - anyone else object or otherwise to a couple of thought on EMO ?

With respect Justfencing - there are a few here that followed Doc into i3e and Gasx and so are interested in both. I did ask whether anyone was interested in hearing an update and at least one person said they were and no one objected. Its a Sunday also and with not much news to talk about anyway - is you comment really justified?

But to give you my thoughts on your questions:

1) Serenity has not much to do with anything - I think its pretty much a free play now - not many are really expecting anything significant to come out of it so nothing is in the SP. i3e's current strategy on it is perfectly sensible - i.e. currently its not worth much if anything, with an approved FDP - it could be worth something and with them only spending $600,000 in 2023 on it - worth the money imo.

2) I think the SP is still suffering with the hangover from the dividend cut. Add on the lack of news on the Q3 Dividend and progress on the capital restructuring - its not surprising that a few investors are nervous, however:

As confirmed from posters on the other BB who have been in contact with the Company:

- Capital restructuring is still in progress with no issues anticipated

- Retained earning sufficient already to pay out Q3 dividend

- i3e still intend to pay out the dividend subject to the quarterly loan covenant checks

With i3e already confirming in the interim report that they were in full compliance with the covenants as of the end of June and with oil and gas prices strengthening significantly since then - I can only assume that this is a formality.

So personally I am expecting a bit of a bump in SP with the next positive news confirming that i3e are back on track.

NG Energy (GASX)

This was the Gas play that Dock Jones did a research piece on and promoted pretty heavily 18m to 2 years back. Based in Columbia it was an exploration and development play. The main assets – SINU-9, Maria Concheta & Tiburon. None of them producing at the time and a bit like i3e- they bought at the bottom of the market for cents on the dollar. SP currently sitting at around CAD 0.90 with a high of just over CAD 2.00 18 months ago when Doc was promoting it. It hit a 2 year low 4-5 months back at around CAD 0.56 due to poor delivery but have recently shot up to CAD 0.90 on recent developments. Full disclosure – I have about $30k worth currently losing about 20%

I’ll start with the cons:

1) Columbia – enough said!

2) SERAFINO IACONO, CEO – he is a successful Investor / entrepreneur, but he’s a CEO’s ass in my opinion. Not delivered on any of his promises in a timely manner. Maria Conchita is currently producing at 7mmscf/day. It should have been producing at 20mmscf/day nearly 18 months ago per the timelines he set out. This is currently their only producing asset.

3) A lot of dilutive financial instruments used to maintain operations.

Pro’s

1) BRIAN PAES-BRAGA, Chairman – new to the Company. Relatively young billionaire entrepreneur. He seems to have a vision for the Company and already the messaging seems to be much better

2) Heavy Insider buying – including Brian and the CEO

3) Scheduled to up production at Maria Conchita to 20mmscf/day next month which takes it cash flow positive – lets see whether they deliver.

4) Large discoveries at SINU-9 that could take reserves into the 1Tscf range and production hopefully within the next 6 months. The Brujo well tested at around 50mmscf/day across multiple horizons

5) Tiburon – classified as a “lead” – this has multi Tscf potential but no drilling plans as of yet.

6) Prospective light oil in the west part of SINU-9 – potentially a game changer with 280m bbl. – (best case) and they are already planning a drilling campaign.

7) Columbian gas sell at USD 5.50 minimum – a considerable premium to the North American markets!

I think you have to keep an eye on the dilution – but if they deliver – I could see a 2 or 3 bagger from here over the next couple of years. This is my take only !

Louis10/omj - if you have a problem with a comment on another board - take it up on that BB - simples.

Anyway, back to real information and analysts you should be following around:

https://twitter.com/WhiteTundraSG?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

bull market just starting?

Louis10 - that’s simply not true. People a lot smarter than you think it is. I think it’s a case of you don’t understand the technical data. If you had any industry background or technical training - I’m sure you would have a different view.

A month ago when the SP was a little over 10p you were talking “Death Spiral” and the SP is heading to pennies - I hope no one listened to you because you called that horribly wrong.

I could not even find the website you said they were on so excuse my stupidity and kindly provide the link for Justbe . None of the long term holders I’ve spoken to here have never seen omj on a video/interview. Personally I don’t think they exist.

https://twitter.com/eri****tall/status/1702690294322405809

this is imo - investors are not in the wrong stock:

1) cheap compared to peers - chance to re-rate within the sector

2) overall sector is cheap and many including eric think due for a re-rate - "a rising tide lifts all boats" as the saying goes

3) north american gas is set to move much higher in the years ahead according to some of the top analysts in the industry and i3e's production (gas) is a tad over 50%.

this is not to say that other oil and gas companies are not set to do extremely well - but that's part of game - trying to pick the companies with the odds skewed in their favour.

(if this site xxx's out part of the file name - retype eric nuttall - no spaces to get to the tweet.)

Ok - next post won't be about Louis10/omj - I promise !

I'll put together a few thoughts on GASX and EMO - I know there are at lease a couple here that bought in on the back of Doc Jones's "research".