Bullboard - Stock Discussion Forum i3 Energy Plc. T.ITE

Alternate Symbol(s): ITEEF

Energy Oil & Gas E&P

i3 Energy is an oil and gas Company with a low cost, diversified, growing production base in Canada's most prolific hydrocarbon region, the Western Canadian Sedimentary Basin and development assets in the North Sea with significant upside. The Company is well positioned to deliver future growth through the optimisation of its existing 100% owned asset base and the acquisition of long life, low... see more

TSX:ITE - Post Discussion

i3 Energy Plc. > New shareholders/potential shareholders worth a listen

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Post by Genises on Apr 15, 2023 6:49am

New shareholders/potential shareholders worth a listen

New shareholders/potential investors
Well worth a listen

https://www.youtube.com/watch?v=AM_HoLLGxH0

A couple of good research pieces. The Surge Video gives you an idea of other types of acreage in Canada - one of Shubhams top picks and this video pretty much explains why.

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https://www.youtube.com/watch?v=cABYWqAHM2A&t=1851s

Note the very top, best netbacks and most affordable at low oil prices area to drill in Canada - the number 1. drilling location for Canadian oil mentioned in the surge energy vid being the Clearwater, Martens hills (39:10) - What now does i3e have in the Clearwater;

Material exposure to top oil play in North America
• >69,600 net acres (109 sections) at an average WI of 76%
• <2% of i3’s lands currently developed
• No near-term expiries (15+ year tenure)

Extensive inventory of highly economic, low-cost, wells
• Potential inventory of >200 low-cost, unstimulated, multi-leg HZ wells capable
of 0.5 – 1-year payouts with NPV10’s of $2 – $4MM/well
• Lightly booked reserve (2 PDP + 3 PUD + 3 PROB) fully developed in 2022

Low decline, high netback, oil production
• Current production of ~550 bbl/d (100% oil)
• New wells continuing to perform above type curve

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Comment by Genises on Apr 15, 2023 6:51am

Link

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Comment by nozzpack on Apr 18, 2023 5:05pm

Thank you for those quick DD documents . My ca,culation shows ITE throwing off about $0.16 per share in C$ this year . Very comforting hedging policy too and pays a nice dividend. Lots of exploration upside and a RLI over 22 years . Fair value easily $0.80 per share on reasonably certain cash flows...

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Comment by nozzpack on Apr 20, 2023 2:41pm

What will quickly correct the huge undervaluation is a consolidation of shares. While not unusual for UK listing , on the TSX it's a lead weight . A 1 to 7 consolidation would do wonders for the share price..

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Comment by Genises on Apr 22, 2023 6:05pm

April 2023 presentation just come out on its website Have a good read. aim is to increase dividend presently 10% and to hit production to 26,000 by September.

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