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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 1rockiton Jan 27, 2022 8:45pm
254 Views
Post# 34369423

$$ ;

$$ ; Bought into this a couple weeks ago, just a small position.. With the free cashflow this thing is spinning off rrite now is amazing. I was just thinking about just what a $1.00 increase in the price of oil would increase the bottom line . Based on 20,000 barrels a day. 1.8 million dallars a month. So almost 6 million a qwarter. WOW ! I can't even get my head around the amount of free cashflow based on almost a hundred dallars a barrel.. The management is definitely astute.. I give them a lot of credit, they certainly knew what they were doing when they bought the flowing oil from their compadres.. I think I'm going to add to my position.. keep waiting for a pullback in the oil prices but I don't know if we're going to get it any time soon . I also emailed the company in regards to their North Sea discovery. Would sure like to know if they plan on popping a couple more holes out there. Now that would definitely get this stock moving if they could get 5, 10 or even 20 thous barrels a day . Cheers all , for now I think I sit back and collect the dividend..
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