Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 30, 2022 6:07pm
191 Views
Post# 34376566

Hone1962 ;

Hone1962 ;I'm loaded . I bought through last week. My average is a little higher than we are now. I think its a no-brainer. Can you imagine the amount of free cashflow this thing is spinning off. Got to be more that 180 million. Probably closer to 200 million. I'd really like to see them use some of this cash to put a hurry on developing their North Sea assets . Those are monster holes out there. Those are the types that pump from 10 to 25 thus barrels a day.. Could you imagine how this stock would react to doubling their production with just a couple holes . Hell they've already got 3 holes drilled in it . If they wanted to I'm sure they could start production by tying into some other companies lateral. Dosen't Matter what you do in the North Sea, its expensive, from drilling to tying in , it's all expensive.. But the payoffs are huge . Rite now is the perfect time. By drilling these 3 holes they've already derisked the play . If they could pop 2 more holes just to get an understanding of the size of the discovery the stock would definitely start to react . Alls they'd have to do is announce they're starting to drill and BAM, up goes the share price.. Cheers
<< Previous
Bullboard Posts
Next >>