I3 Energy Ord Shs T.ITE

Alternate Symbol(s): ITEEF

Energy Oil & Gas E&P

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.

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I3 Energy Ord Shs > Items of interest

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Comment by zack50on Dec 19, 2022 3:53pm

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Post# 35180583

RE:Items of interest

Buyreallow wrote: I3 has not yet issued notice of the January dividend. These usually appear around the 4th of the previous month.

secondly, Bybrooke Capital, a UK investment firm has issued notice it intends to sell its 234,000,000 shares in I3. No indication why, but . odd as their yield must be very high, and some Cdn analysts putting a price target on the I3 shares at 70 cents...

Yes, the diviend notice is usually issued the 1st week of the month... not sure why the delay. I did notice in their Corporate Presentation, as of Nov.30/22, that the corporate profile does indicate that the estimated monthly dividend for 2023, based on the current monthly dividend payment is estimated to be $0.002301 for an annnual yield of 8%.

Regarding your 2nd concern... the Cairn Capital Group, supported by Mediobanca as its majority shareholder, completed an acquisition and merger with Bybrook Capital in 2021. As of October 28/22, Cairn Capital was listed as the major shareholder of i3E with 234M+ shares owned.

Cairn was rebranded as Polus Capital Management in 2022, following the strategic combination of Cairn and Bybrook and POLUS (as far as I can ascertain), as of Nov. 30/22, is now the owner of those shares, so nothing to worry about there.

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