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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 Quintessential1on Aug 27, 2023 11:59am
144 Views
Post# 35607236

RE:RE:RE:RE:RE:ITE

RE:RE:RE:RE:RE:ITEI agree they do seem to march to the beat of a different drummer.  I was invested earlier and left due to a lack of basic communication that other Canadian junior producers seem to embrace (probably because they know where their investment bread is buttered). 

I keep a good eye on it though as I thought I might like to re-enter at some point and I am thinking this may be the time.

Am I correct in assuming that even the lowered dividend will not be resumed until the reduction of capital measure has been approved and that will not happen until Octoberish at the earliest?

It seems like the market has put a floor under the share price based on commodity prices but also a ceiling too.  It looks like it is going to trade sideways from here until they have some news.

GLTA 


GuidoSan1 wrote: Unfortunately this stock is run by a bunch of clowns. Great but somewhat scattered properties, decent production with much potential (if narrowed down and concentrated on), all with a Canadian management team that sorely sucks and has done nothing in 3 years at the helm. Maybe some 12 year olds could help, lol.

None the less breakup value currently stands based on all financials available at somewhere between .60-,70 cents a share..

Chit or get off the pot and back to the UK for everyone concerned if ITE continues on this path geezus, cheers.



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