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I3 Energy PLC V.SH21062102


Primary Symbol: T.ITE

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

Post by Anonymouslyon Nov 18, 2021 8:04am
234 Views
Post# 34139703

I3 News

I3 NewsAppointment of Brokers i3 Energy plc (AIM:I3E) (TSX:ITE), an independent oil and gas company with assets and operations in the UK and Canada, is pleased to announce that it has appointed Stifel Nicolaus Europe Limited as a joint corporate broker alongside Tennyson Securities and WH Ireland Limited, who is also the Company's Nominated Adviser. The Company also announces the appointment of the Carlingford division of GFI Securities Limited as its mandated transaction arranger to assist i3 in issuing a new debt facility by which it expects to expand its business through asset development and/or potential acquisitions. Graham Heath, CFO of i3 Energy plc, commented: "We are very pleased to appoint Stifel, one of our sector's most active brokers, to raise our profile amongst current and potential equity investors. Additionally, and as previously stated, we expect to introduce a measured amount of leverage onto our balance sheet through which we would expand and accelerate the development of our Canadian assets and bolster the Company's ability to capture material inorganic opportunities as they arise. Carlingford, who i3 has very successfully relied upon previously, is best placed to assist us with this near-term undertaking." END
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