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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. > It's looking really good now
View:
Post by InfoIsKey on Apr 18, 2024 12:55pm

It's looking really good now

https://oilman.beehiiv.com/p/oilman-jims-letter-21-april-2024


Great summary from Jim
Comment by Genises on Apr 21, 2024 3:11am
Here Majid latest interview transcript from friday 19th April. i3 Energy PLC chief executive Majid Shafiq tells Stephen Gunnioin the sale of a portion of the company's royalty assets significantly enhances the company's financial metrics. These assets, described as non-core, consisted of 388 barrels per day of oil equivalent, generating a forecasted $3.6 million in cash flow annually ...more  
Comment by Genises on Apr 21, 2024 12:15pm
Majid Shafiq, CEO of i3 Energy plc, commented:   "We are very pleased to have re-financed our existing Loan with a traditional reserve-based lending facility provided by a major Canadian chartered bank with a long history of financing the country's oil and gas industry. The non-amortising structure of the facility has an immediate benefit in increasing liquidity, which we ...more  
i3 Energy Plc.
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