I3 Energy Ord Shs T.ITE

BUYREALOW ;

[1rockit]

I remember reading the 20,000 barrels per day. BUT , I can't see them exiting 2022 at the same level they are now . After the drilling program of over 40 million dollars if they don't increase production by at least 4,000 barrels a day I'll dump the stock. Do you understand what I'm saying ?

[Shaawn359]

In all honesty I don't understand what you are saying... The Simonette area in Alberta will add substantially to their bpd production.  Serenety - their drill in the North Sea will more then triple their current bpd production in less then 24months if successful. January 2021 the company was not generating any revenue and producing 0bpd. Fast forward 15months and they are

[Buyreallow]

I am quoting numbers from their own Proactive One presentation of Feb 25.  The presentation states they will spend $37 million on drilling, to add 5250 boe to 2022 production averaging 20,000 boe maxing out at 21000.  Their figures not mine.  And to produce these 20,000 boe, they have over 700 net wells so avg well production is less than 30 boe per day per well. This is Alberta