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I3 Energy Ord Shs T.ITE

Alternate Symbol(s):  ITEEF

i3 Energy plc is an independent oil and gas company with assets and operations in the United Kingdom and Canada. The Company's principal activities consist of oil and gas production in the Western Canadian Sedimentary Basin (WCSB) and appraisal of oil and gas assets on the United Kingdom Continental Shelf (UKCS). The Company's wholly owned subsidiaries i3 Energy North Sea Limited and i3 Energy Canada Limited are independent oil and gas companies with appraisal assets in the United Kingdom and producing assets in Canada, respectively. It holds the P.2358 license in the UKCS which contains the Serenity field discovery. This licence also contains the Liberator field discovery and the Minos High prospect. The Company holds various mineral licenses across its main operating areas in the WCSB, being Wapiti, Simonette, Clearwater, and Central Alberta. The Company's Canadian production asset base consists of over 850 net conventional oil, natural gas and natural gas liquids production wells.


TSX:ITE - Post by User

Comment by mjh9413on Apr 14, 2022 12:01am
176 Views
Post# 34602681

RE:Alberta gas prices

RE:Alberta gas pricesWas fortunate to spot this and get in mid-march on that pop to 34c. 
The growth thru acqn and now by the drill and well improvement is admirable and the Exec team appears to have outstanding background. They now hedge ~45% of natgas on an ongoing basis to, as they say, protect the dividend (but the current AECO hedges, while each is short-term, currently mainly incur losses). Still,with over 50% unhedged and volumes growing see this as a good hold as the story unfolds. GL
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