onedb1
09 Mar 2017
Re: 1.95/1.635 = 1.192p Hi Word ,Bb's are full of speculation as those who want in cheap play this little game of creating all sorts .At the moment Ithaca is officially being taken over at 1.95 cad , due to currency fluctuations it's currently in a range of 118.5-119.5. The fact that they can be bought at 115.75 today is BONKERS Especially as Stella is now onboard . Price Should be higher without the cap of the offer yet we are lower despite the offer . Sorry buts it's incredibly weird how people behave .
forwardloop
09 Mar 2017
n sea info (budget) [link]
Wordbodger
07 Mar 2017
Re: 1.95/1.635 = 1.192p Is it a currency conversion thing onedb1? The £ has been a bit weak, so the trailed offer doesn't look so generous now to UK investors. I think Delek will have to offer at least £1.20 and at the present GBPCAD that works out at $1.965. The market is not offering that much until it is confirmed in the formal bid, which will be in CAD.(As a small participant I don't see a downside now that Stella is producing and the PoO is $56. I'm a little surprised the market isn't above the Delek figure. The sp isn't going to collapse if they pull out is it?)
tamdee
07 Mar 2017
Re: 1.95/1.635 = 1.192p Still Holding 90% of my shares, is the price you are giving onedbi almost guaranteed when the offer comes in ?. or are we just at the mercy of the MM's and the price they are offering.I have sold some because I haved belived I am. ?.
onedb1
07 Mar 2017
1.95/1.635 = 1.192p vs where I can buy them at 116.5 . Just wondering why some are selling below offer ? Given that we have not so long to go to get the offer why miss out of 2.7p ? or just above 2.3% ? Its not like the bank account gives any better. Plus if the offer is rejected we can be sure that Stella as an asset will be valued more in the open market . Just my thoughts, no advice , just opinion , chit chat , everyone has different views etc
Seesawpat
23 Feb 2017
Re: View of The Oilman You don't need to be an analyst or an industry veteran to know that $1.95 is way too low . Delek want to legally steal the future cash flows of our company. And guess what, they'll have done their discounted cash flow calculations and arrived at the fact that $1.95 is nowhere near true value.AIMHO of course but truly galling to think we've funded this company through the ups and downs, to the point of "Bingo", only to see us wiped out at a farcical price. Shame on the board - they should explain exactly why this offer represents value or resign en masse.Also, for clarification, I'll be voting No and encourage every other PI to do likewise.SSP
onedb1
23 Feb 2017
Please keep selling I can buy these today at 116.25 !! 1.95$c / 1.638 = 119pPlease sell . I want to make the 2.75p gain . Not to mention that with a good oil price and Stella I still reckon this bid looks cheap
Fanny15
22 Feb 2017
View of The Oilman Even Graham thinks the price is rather low, and hints PIs should vote against.
Dark Helmet
22 Feb 2017
Re: Petrofac results tomorrow Oil flows fromthe Greater Stella AreaA major landmark for IES in 2016 was the completion of the upgrade to the FPF1 floating production facility and its subsequent sailaway to its current location at the Stella field in the Central North Sea.Following the completion of the onshore construction and commissioning works, the FPF1 was towed out of the Remontowa shipyard at Gdansk in Julyready for its 700-mile onward voyage to the Stella field prior to hook up and offshore commissioning. The modifications to the FPF1 were significant and included entirely new topside oil and gas processing equipment which should enable high operational uptime performance.As well as managing the modification and upgrade of the facility and providing Duty Holder services to the operator, Ithaca Energy, Petrofac is taking a 20% interest in the Stella and Harrier licence block. First hydrocarbons were announced by Ithaca in mid-February and prompt ramp-up of production is now anticipated, leading to an expected initial annualised gross production rate of approximately 30,000 barrels of oil equivalent per day.Going forward, Petrofac’s Duty Holder contract includes incentivised cost and uptime performance terms and, over time, the FPF1 may also become a production hub for adjacent fields.
Otterman
21 Feb 2017
Petrofac results tomorrow The Petrofac results are due out tomorrow, there is an online webcast at 9.30. Will be interesting to see if they have more to say on GSA and first oil, assume that Ithaca have a duty to keep them commercially informed and can't play games with them, unlike those with the shareholders
c3pow
21 Feb 2017
Vote NO - persuade the institutions re re re Whenever a company starts off, in it's early days it develops a plan that as time passes unfolds. The path is fraught with risks, where the investor stands to make or lose money. With each successful drill or successful conclusion of a project the share price appreciates. Things don't always go to plan eg a leaky seal on one Athena well bore. When those dozen sat down and gave an average valuation of 1.85 ish, GSA was still of-line.It's successful start up has turned a cos risk of <1 into something more sure.the end of March the company will know if flow rates are on the high side or the low side. I expect that before a formal bid goes out, the board will have a much better idea of the outcome than the average punter. Indeed we are perhaps better referred to as mushrooms.So we will get a formal offer, but may be in the dark.Why there are those on here trying to encourage people to sell.And accept an even lower price than the indicated offer.How altruistic they are.I expected the sp to go to circa 1.25/1.35 after successful FPF! start up.I also deduce that all (PI's and institutions both) still invested 2 weeks ago were waiting for that very uplift in value that Delek effectively hamstrung. .This bid therefore now represents a premium of -10%Needless to say this bid is a cynical dodgy bit of snipingLess risk to the downside but more hope of an upside IMO.Vote no.Or sell.Better still sell and shut up.
Monkey_Spank
21 Feb 2017
Re: Vote NO - persuade the institutions dedes, your statement that Cavendish and Artemis will be voting No is not correct. Artemis stated, ""We would like to have a chat with the management of the company to understand why they recommended a bid which we see as disappointing," Mark Niznik, co-manager of the Artemis UK Smaller Companies Fund, told Reuters. At no point did they ever say that they would be voting NO.On the other hand, Cavendish stated "As things stand I would be voting against it unless something crops up in the meantime to convince me otherwise," Cavendish fund manager Paul Mumford told Reuters.So you are half right. But I suspect that once Cavendish talks with management which they may have done already, that they will tender their shares at the end of March.I would also point out that the twelve analysts who cover IAE gave the company an average share price between $1.60 and $2.10 CND. As such, the independent assessor FirstEnergy stated that the Delek bid was in the higher range of the accepted analyses.Vote as you see fit, but Delek will be getting this company for $1.95 CND.
NerveWreck
21 Feb 2017
Back In Out at 118.75, put the profits in VOG for a quick 50% gain and back in at 117 to sit and wait to see what happens next.Hopefully the only outcomes from here are either a sell at 1.20 or a higher bid. I don't need another BLVN-type fiasco.Fingers crossed. GLANW
onedb1
20 Feb 2017
Re: For all the talk of value oh cheers Colebrooke1 I knew US was on bank holiday , had no idea Canada had one too . I am holding on to mine.
colebrooke1
20 Feb 2017
Re: For all the talk of value 'Family Day' a public holiday in Canada. Markets closed in Canada which could explain slight drop in the UK AIM pricing.
