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The 2022 quarter 3 update RNS, was posted at 07.00am on Wednesday the 2nd of November 2022..
So hopefully we could see the quarter Three 2023
results in just a couple of days time…?
We have also been informed that the capital reduction
Application results, will be released
from the 7th 8th or 9th of November..
So two lot’s of news due very soon..
And Hopefully JD our CFO will also have some
News for us as it’s now six months since
His PMDR RNS
Was released setting out his Target’s see below
i3 Energy plc (AIM:I3E) (TSX:ITE), an independent oil and gas company with assets and operations in the UK and Canada, announces that it has issued options over 3,000,000 ordinary shares in the Company to Jason Dranchuk, the Chief Financial Officer and a Person Discharging Managerial Responsibilities (a "PDMR") of the Company, as detailed below. The options are part of i3's management incentive and are in accordance with existing share schemes.
PDMR
Number of options granted
Exercise Price
Jason Dranchuk
3,000,000
20.00p
Vesting is subject to the achievement of performance-related milestones as follows:
- One-third upon achieving production of 26,000 boepd;
- One-third upon the addition of 5,000 boepd via acquisitions; and
- One-third upon the addition of 25 MMbbl of 2P reserves.
The award shall vest as to one-third upon the first, second and third anniversary of the grant date, to the extent the award has not otherwise vested in accordance with the above provisions.
Regardless of the above, 100% of the options will vest if there is a change of control of the Company.
Oil is flying ✈️ Today
https://www.marketwatch.com/investing/future/cl.1
Can we hit 100 this week ?
The MMs caused this Selling off this Morning..
I did some dummy sells and buys
They were offering 0.5740 to sell
And 0.5894 to buy…
Who in their right mind would want to buy with a stupid spread like that…
So they killed off any buying volume !!!
Maybe they put an apprentice in charge
Oil is looking Good today
https://www.marketwatch.com/investing/future/cl.1
Possible news next Tuesday ?
Rns said 3 weeks from 7th August..
7 Aug 2023 07:00
RNS Number : 4115I
Prospex Energy PLC
07 August 2023
Prospex Energy PLC / Index: AIM / Epic: PXEN / Sector: Oil and Gas
7 August 2023
Prospex Energy PLC
('Prospex' or the 'Company')
Italy: Selva Field Development
Successful ramp-up and commissioning of the
Podere Maiar-1 gas facility in Po Valley
1,800,000 scm gas produced during ramp-up and sold
to BP Gas Marketing
Prospex Energy PLC (AIM: PXEN), the AIM quoted investment
company focused on European gas and power projects,
is pleased to announce that Po Valley Energy Limited
("Po Valley Energy") (ASX: PVE) has successfully completed
the ramp-up and commissioning process at the
Podere Maiar-1 ("PM-1") gas facility of the Selva Field.
Po Valley Operations Pty Limited ("PVO"), a wholly owned
subsidiary of Po Valley Energy, is the Operator of the
Selva Malvezzi production concession with a 63%
working interest, while Prospex has the remaining 37%
working interest.
Highlights
· The four-week ramp-up and commissioning programme
at the PM-1 production facility was completed during the
week ending 4 August 2023
· A seamless ramp-up and commissioning process has
concluded with slick line rig removal of data gathering
memory gauges from the lower C2 production zone as
part of a three-day scheduled shut down
· Production at PM-1 has recommenced with forecast
daily production levels of 72,000 standard cubic metres
per day (scm/d) until all data analysis is complete
· Gas produced during the ramp-up period is estimated to be
approximately 1,800,000 scm with 100% of this gas sold
to BP Gas Marketing under the 18-month supply agreement
** Detailed analysis of well data is currently underway**
***with results expected within three weeks****
· Further upside potential at the Selva Malvezzi
Production Concession (Figure 3), as Po Valley Energy,
the operator, intends to advance other projects within
the concession.
The current commissioning status of the Cascadura facility
is as follows:
testing of the flare system has been successfully completed;
·introduction of fuel gas to the recycle compressors
has occurred;
· introduction of fuel gas for the generators to provide
power to the site has been established;
·all safety devices and equipment have been tested
and are functioning; and
testing of all electronics, alarms, and systems at the facility
to ensure full functionality is 99 percent complete.
***Touchstone anticipates initial sales volumes****
*****during the week of August 28, 2023.****
Next week 👍
In my opinion It’s the fear of the “unknowns” that is causing
The share price to keep falling..
Once the The q2 half year results are out..
And the capital reduction is announced..
And also what the company is planning to do throughout
2023 We should then have some stability in the sp
At the moment the fear factor the “not knowing”
is pulling it down..
So maybe next week we will be in a
Far better position and hopefully a lot wiser…
The MMs are playing all sorts of tricks to try
Shake some shares out of weak hands like dropping the
Bid to Just 0.13 so but a dummy buy or sell will tell you
The real prices…
Any sells are very quickly mopped up by the
clever investors like JP Morgan and others
Looking like it would cost more than $300M to get Jason Dranschuk paid if Athabasca asset sale serves as a comparison.
Athabasca ($ATH.TO) sold 3K boe/d of Montney/Duvernay assets, 45% liquids for $160M or $54K/flowing barrel.
I Guess J.D could always think about becoming a seller
instead of a buyer
And sell the same amount for over 💵300 million👍
Now there’s a thought 🤔
Obviously not everyone is fearful 👍
https://www.marketwatch.com/investing/stock/ite?countrycode=ca
Oil price is doing very well today
https://www.marketwatch.com/investing/future/cl.1